Guyana’s Vice President Dr. Bharrat Jagdeo says the country has improvements to make in its natural resource governance structure, but that he is generally satisfied with the efforts made thus far by the government. Jagdeo, who is the government's chief...

Ben van Beurden is stepping down from his role as Chief Executive Officer (CEO) at Shell, at the end of the year. Wael Sawan, Shell’s Integrated Gas, Renewables and Energy Solutions Director, has already been tapped to take up the...

TechnipFMC said that TotalEnergies awarded it a significant engineering, procurement, construction, and installation (EPCI) contract for its Lapa North East field in the pre-salt Santos Basin offshore Brazil. The contract is valued somewhere between US$75 million and US$200 million. TechnipFMC will reconfigure and install umbilicals and...

The small South American country of Guyana, unknown to the world of oil and gas just seven years ago, is now one of the most active regions globally even as companies opt for less risk which is seeing a...

As the Guyana government and the Stabroek Block co-venturers move forward to develop the Gas-to-Energy project, costs could exceed US$2 billion. This is based on the sum of cost estimates for the onshore plants and the pipeline. ExxonMobil estimates...

All eyes will be on Guyana come September when the country opens its first offshore bid round. This will be a major step for Guyana, a country that has never handed out oil licenses through a competitive process. Oil and...

A potential restructure of Trinidad and Tobago’s Atlantic LNG dawns as a team of top government officials led by the Prime Minister Keith Rowley recently engaged with Shell Global at its Hague headquarters to discuss future developmental plans for...

With two projects producing, two more approved and a fifth being planned, Guyana’s rapid development of its oil and gas resources is positioning the country as a major non-OPEC player among heavyweights such as Norway, Brazil and Canada. OPEC said...

CNOOC Limited announced first oil at the Kenli 6-1 oilfield 10-1 North Block Development Project. It said the project is in the south of the Bohai Sea, with an average water depth of about 19 meters. The main production facilities include one production platform and two unmanned...

Vice President Dr. Bharrat Jagdeo said the government is currently reworking the Petroleum (Exploration and Production) Act of 1986, to modernise its provisions. The Act applies to the exploration, extraction, conservation, and management of petroleum reserves existing in Guyana’s exclusive...