With Petrobras divesting in many of its mature assets, new mid-cap upstream operators entering the Brazilian market will invest US$10 billion in capital investments during the next decade, boosting the production from these assets through 2027 and increasing remaining...

In a recent analysis of deepwater developments, Wood Mackenzie said that supply chain constraints remain a concern. And this spells difficulty for operators under pressure to increase drilling and production at a time when energy markets have been sent...

Eco (Atlantic) Oil & Gas Ltd. said it is fully funded for the next well to be drilled in the Orinduik Block offshore Guyana in 2023. The company made this disclosure in a report on its good financial health for the first...

Trinidad and Tobago, a regional powerhouse in petrochemicals, is positioning itself to be a key player in the global energy transition through investments in hydrogen. The National Energy Corporation of Trinidad and Tobago Limited (National Energy), on behalf of the...

Chief Executive Officer of Frontera Energy, Orlando Cabrales, said Thursday that the Corentyne Block joint venture (JV) – CGX Energy and Frontera – filed a notice of potential commercial interest in recent months with the Guyana government for the...

Stabroek Block stakeholder, Hess Corporation, has committed to purchasing US$750 million in carbon credits from Guyana, kicking off a major low-carbon initiative by the government, to generate revenue from forest conservation. An event to commemorate the agreement was held at...

A Canadian trade mission with interests in energy, infrastructure, and procurement is seeking critical partnerships with Guyanese. Canada’s High Commissioner to Guyana, Mark Berman made this revelation during a reception held Monday for the visiting team from Newfoundland and Labrador province. He said several companies are...

Vallourec announced Wednesday that it secured a major line-pipe order for ExxonMobil Guyana’s Uaru project. The Uaru project will be situated in the Stabroek Block, a 26,800 km2 strategic acreage located off Guyana’s continental shelf. The development is targeting approximately 1.3 billion oil-equivalent barrels, the largest project expected offshore...

Amarinth, a world-leading, net-zero designer and manufacturer of low lifecycle cost centrifugal pumps and associated equipment, has won a further order from VWS Westgarth for two titanium API 610 OH2 pumps for use aboard the FPSO One Guyana which...

Global research group, Wood Mackenzie, said last week that Guyana is the most significant new entrant to the global oil industry. It noted that the country will be producing one million barrels of oil equivalent per day (boe/d) within the...