Guyana's Prime Minister is working to rally support in the region against Venezuela's claim on its territory. In his address to the Presidential Forum for the Progress and Integration of South America (PROSUR) Summit, Phillips told the union that the...

Caribbean Subsea Specialist Inc., (CSSI) a Guyanese majority-owned subsea services company has entered the country’s market, promising to bring world-class training to the oil and gas sector. Launched on Thursday evening, CSSI’s Operations Coordinator, Dylan Galt, said that the company...

Bolstered by ExxonMobil’s industry leading production and development pace in the Stabroek Block, Guyana’s oil and gas revenues are on track to break the US$1 billion mark this year and accelerate to US$7.5 billion annually in 2030, research by Rystad Energy shows. The independent...

Guyana’s Local Content Secretariat (LCS) has created a new portal to help streamline opportunities for locals available in the country’s oil and gas industry. The portal carries a similar interface to the Local Content Registry of local companies. According to...

TotalEnergies has withdrawn from the Yadana field and from the Moattama Gas Transportation Company (MGTC) in Myanmar, both as shareholder and operator. The major said its decision follows continuing deterioration of the human rights situation in Myanmar and resulted from...

The fifth vessel for the Petrobras-operated Buzios Field has started its voyage from the MODEC shipyard in China to South American nation Brazil. Petrobras said that the floating, production, storage, and offloading (FPSO) platform ‘Almirante Barroso’ will carry out navigation...

As the growth of Guyana's oil and gas sector fuels development in areas where service centers are erected, the government is moving to upgrade and modernise supporting infrastructure – particularly for the transport sector. Through the Central Housing and...

By Joel Bhagwandin - OilNOW There has been quite some misunderstanding and misinterpretation with respect to the accounting treatment of the decommissioning liability for the oil companies as reflected in their balance sheets. This article seeks to offer some clarity...

The most striking news to emerge from Suriname’s recently concluded Energy, Oil and Gas Summit (SEOGS) 2022 was uttered by the Vice President of Offshore at Staatsolie, Glenn Corrie – that 30 billion barrels of oil equivalent awaits discovery in the South American nation’s...

The record pace at which Guyana is developing its oil and gas resources has been lauded by the President and Chief Executive Officer (CEO) of the Energy Chamber of Trinidad and Tobago, Dr. Dax Driver. And with the world’s...