QatarEnergy and Shell have cemented their partnership with the signing of two significant long-term LNG sale and purchase agreements (SPAs) for the supply of up to 3.5 million tons per annum (MTPA) of liquefied natural gas (LNG). The agreements...

ExxonMobil was faced with a “drill or drop” decision regarding Guyana’s offshore Kaieteur Block, says President of the local affiliate, Alistair Routledge.  On September 28, Exxon indicated that it was leaving the block. Another partner in the block - Hess,...

High hopes exist in Guyana for oil production outside of the Stabroek Block.  This is evidenced by recent statements from the Minister of Natural Resources, Vickram Bharrat who said that the Corentyne Block could move to production in the next...

Suriname’s window of opportunity to reap the full benefits of its offshore oil and gas sector is closing fast, said Guyana's Vice President Bharrat Jagdeo during an October 12 press conference. Jagdeo was asked to respond to reports about Guyana...

The timeframe to ramp up Guyana projects to peak production is significantly less than neighboring Brazil, according to S&P Global Commodity Insights.  There are only two floating production, storage and offloading (FPSO) vessels operating offshore Guyana, in the Stabroek Block...

Blue Water Suriname, a subsidiary of global logistics company Blue Water, has announced the appointment of Gerson Sporkslede as its General Manager, signifying its readiness for full operations in the region.  In a release on October 13, Blue Water said...

Westwood Global Energy Group has released its 2023-2027 subsea tree demand outlook, projecting a total demand of approximately 1,555 units over this period. Notably, Brazil, Guyana, and Norway are expected to account for roughly 40% of the global demand...

A deluge of massive infrastructure projects and building programmes is underway in South America's newest oil producing nation, Guyana. This growth surge is seeing a huge demand for energy which authorities say will continue to increase. But a recent...

DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) announced today an oil discovery in the U.S. Gulf of Mexico at the Tiberius exploration well. Kosmos is operator of the well and has a 33.34% working interest alongside Occidental and Equinor ASA (both...

A recent Harvard International Review journal entry by William Mao has shed light on the potential for Guyana to harness its newfound oil wealth for sustainable development. While concerns loom over the challenges posed by the oil boom, Mao’s...