Prime Minister of Trinidad and Tobago, Dr. Keith Rowley, said the island nation may need to consider a “direct proposal arrangement” for the issuance of oil blocks licenses, to maximise extraction of its petroleum resources. He made the comment...

Shell has hit pay at Namibia’s rising oil star – the Orange basin, according to Upstream Online in a January 23 report that said early signs from its Jonker-1 exploration probe “are promising”. Northern Ocean’s semi-submersible rig Deepsea Bollsta began...

US-based private financial and investment company, The Motley Fool, says ExxonMobil’s fifth development project off the coast of Guyana is a clear indication of the major’s confidence in the oil market. The Uaru development, set to deliver first oil in...

The floating production, storage and offloading (FPSO) vessel for the bp-operated Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project has started its journey towards the project site off the coasts of Mauritania and Senegal. On Monday, bp said the...

The fourth quarter "affirmed a distinctive new phase" in the energy sector up-cycle for the global oil field services giant Schlumberger, now SLB. The company reported earnings for its fourth quarter increased from the same period last year and beat...

Guyana’s Ministry of Education is seeking a consultant to conduct a national skills audit to aid human development efforts. This is part of the government’s plans to prepare the country for its oil-fueled modernisation. Oil production continues to expand...

Closing out 2022, ExxonMobil produced 11.5 million barrels of oil from the Stabroek Block Liza projects, averaging 371,400 barrels per day (bpd). From Liza Phase 1, the Liza Destiny floating production, storage, and offloading (FPSO) vessel extracted 4.286 million barrels,...

Guyana’s Ministry of Natural Resources has shortlisted Bayphase and Stratoil to vie for the contract to evaluate the field development plan (FDP) for ExxonMobil’s fifth Stabroek Block project – Uaru. Initially, the list had stood at three, but De Godhyer...

Lands are currently being cleared on the Linden Soesdyke Highway for the construction of Guyana’s new urban centre outside its capital city of Georgetown – Silica City. The land clearing will initially focus on some 185 acres out of a...

President of Guyana, Dr. Mohamed Irfaan Ali strongly disagrees with suggestions that the country’s windfall revenues from oil production should be distributed to households, across the board. He made this clear during a press conference in Georgetown on Tuesday. The...