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Cargill and BAR Technologies’ Ground-Breaking Wind Technology Sets Sail, Chartering a New Lower-Carbon Path for the Maritime Industry

A collaboration between Cargill, BAR Technologies, Mitsubishi Corporation and Yara Marine Technologies has the potential to decarbonize cargo vessels by up to 30 percentGENEVA--(BUSINESS WIRE)--Cargill and BAR Technologies’ ground-breaking innovation, BAR Tech WindWings by Yara Marine sets sail on...

CGX warns of financing risk for Guyana port facility 

Canadian oil explorer, CGX Energy Inc., has put its shareholders on notice that there is no guarantee its efforts to secure financing for a port facility in Guyana would be successful. Even if it is, the company warned that...

Petrobras pledges US$18 billion investment to transform Campos Basin

Petrobras has an ambitious investment plan totaling US$18 billion, slated for implementation until 2027. This strategy is focused on revitalising and expanding the renowned Campos Basin. The sizeable investment is earmarked for a multifaceted transformation, with a significant portion allocated...

Opposition’s 15% royalty proposal for new oil blocks would have killed potential investments – VP Jagdeo

The decision of Guyana regulators to apply a 10% royalty for future oil blocks was a just and studied one says Vice President, Dr. Bharrat Jagdeo. Had the government caved to the recommendations of the country’s political opposition to...

CGX self-styles Berbice project as ‘Deep-Water Port’ but Jagdeo says it isn’t

Vice President of Guyana, Dr. Bharrat Jagdeo said a facility being developed by CGX Energy in the South American country, styled by the company as the ‘Berbice Deep-Water Port’, “was never a deep-water port.”  “Deep-water port would be a port...

Guyanese construction providers needed to build new petroleum training institute for Exxon

Guyana's rapidly growing oil and gas sector will soon have a world-class technical training college. ExxonMobil has published a RFI (Request for Information) targeting construction service providers, to pave the way for the establishment of the Guyana Technical Training...

Dutch company’s innovative composite pipe installed at ExxonMobil’s Liza Field

Strohm, a composite pipe company, has successfully installed its first deepwater/high-pressure thermoplastic composite pipe (TCP) jumper in the Stabroek Block offshore Guyana. The installation marks the adoption of Strohm's innovative "Jumper on Demand" approach and its effectiveness in enhancing...

APA Corp. in talks for joint development with Guyana after Block 58 discoveries

With the Block 58 discoveries offshore Suriname seeming promising, APA Corp. is mulling the installation of a floating liquefied natural gas (FLNG) terminal in the basin. As reported by Bloomberg, APA’s Vice President Gary Clark told investors at the Enercom...

Petrobras adds 80,000 bpd to Campos basin output

Brazilian company Petrobras has initiated production from the Anita Garibaldi floating production, storage and offloading (FPSO) vessel in the Campos Basin, offshore Brazil. The FPSO is poised to operate concurrently in the post-salt and pre-salt regions of the Marlim and...

Ghana’s tech expertise meets Guyanese roots for oil oversight

A Ghanaian technology firm known for its expertise in the oil and gas sector has teamed up with a Guyanese/Canadian company to offer offshore monitoring services for the South-American nation’s growing energy industry.  West Coast Gas Ghana, a multinational company...

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CGX says Guyana government open to talks over cancelled Corentyne oil license

CGX Energy said on Friday that the Government of Guyana has indicated it may be open to talks in...