The Guyanese government under the contract is likely to have its own share of profit hydrocarbons to lift, including natural gas. A state-owned oil and gas company (‘the government oil & gas company’) will be appointed to lift such...

As oceans swell around them, some of the world's tallest man-made structures live in water, not on land. There's not a whole lot of variety when it comes to these man-made mammoths of the sea. Most of theses mega-builds...

Third consecutive discovery offshore Suriname confirms a world-class hydrocarbon resource Kwaskwasi-1 well encountered 278 meters (912 feet) of net oil and volatile oil / gas condensate pay. Fourth exploration prospect in Block 58, Keskesi East-1, will be drilled...

With analysis from Julie Wilson, Research Director Global Exploration, Ed Crooks, Vice-chair, Americas and Rowena Gunn, Research Analyst Joe Biden is edging ahead in the race for the White House. The latest average of polls, as of 24 July, suggests that 50% of Americans...

Two additional high-quality reservoirs identified at Yellowtail-2 ExxonMobil is currently commissioning water injection equipment and bringing natural gas injection fully online at its Liza Phase 1 Development located 120 miles offshore Guyana at the Stabroek Block. This will see production...

ERM Guyana Inc., an affiliate of ERM, said Wednesday it has entered an agreement with Guyana-based Environmental Management Consultants (EMC) to formalize the relationship between the two entities to provide environmental and socioeconomic support in Guyana, with a particular...

Venezuela’s oil and gas sector was already caught in a vicious cycle well before the Covid-19 outbreak created a world economic crisis. Even though there are several international companies still remaining in the country, they are not investing in any...

Global project sanctioning is set for a staggering decline this year of over 75% from 2019 levels, as the COVID-19 pandemic has caused E&P spending to drop much lower than what was expected at the beginning of the crisis....

The South American country of Guyana entered 2020 with great expectations for a bright future as oil production got underway last December and an upgrade in the offshore Stabroek Block resource estimate was announced in January along with the...

Fresh off the historical twin oil discoveries at Block 58, Suriname state oil company Staatsolie says the oil strikes mark a change for both the company and country and it has been preparing for this for years, partly through...