The Guyana government published payments received in the Natural Resource Fund (NRF) in the final quarter of 2022 (October-December), revealing that the final profit oil lift sold in December returned US$83.808 million.  In December, US$207.6 million was also withdrawn as...

ODITC – the 3T EnerMech OPITO Training Centre of Excellence is planning to introduce a new course in collaboration with the Guyana government, on basic oil and gas safety training for Guyanese looking to pursue careers in the sector. Alan...

TotalEnergies made an additional hydrocarbon find while appraising its Isabella discovery (P1820) in Block 30/12d-12, located in the Central North Sea of the UK Continental Shelf. This was reported by its partner in the license, Ithaca Energy. Hydrocarbons were encountered in...

S&P Global has determined that six discoveries made in Guyana’s Stabroek Block, are among the 12 most valuable oil discoveries made in 2022. In descending order, these are Lau Lau-1, Seabob-1, Barreleye-1, Fangtooth-1, Kiru Kiru-1 and Sailfin-1. They were ranked...

Suriname’s state energy company, Staatsolie, said offshore activity is being followed with great interest both locally and internationally. In 2023, the company expects there to be multi-block exploration, seismic tests, and new license awards. Suriname’s ongoing Demerara area competitive bid...

Executive Chairman of the African Energy Chamber, NJ Ayuk, has said that delayed regulatory approvals and acreage licenses could be a serious setback for the petroleum industry. His comments were made in the context of a need for more investment...

ExxonMobil’s campaign to find more hydrocarbons at Guyana’s largest block remains in high gear at the start of 2023 with exploration drilling operations continuing at the Tarpon and Fangtooth well sites. According to a notice from the Maritime Administration Department...

Luiz Inácio “Lula” da Silva has reassumed the Presidency of Brazil, the largest democracy and oil producer in Latin America. With this assumption, Lula delivered an impassioned speech about his plans to tackle inequality, discrimination and threats to Brazil’s...

The Guyana government approved two projects in 2022, that represent major milestones in the small South American nation’s mission to become a developed nation – Yellowtail and Gas-to-Energy. Both projects feature the involvement of oil major ExxonMobil and its...

Brazil’s state-owned Petrobras launched a tender for the supply of two new floating, production, storage, and offloading (FPSO) vessels for its shared Atapu and Sépia reservoirs. Bids are expected in July next 2023, and Petrobras expects production to start in...