The subsea umbilicals, risers, and flowlines (SURF) facilities for the Yellowtail project will be the largest to date offshore Guyana with over 50 development wells planned, making the contract for the supply and installation of this equipment among the...
The rapid increase in offshore oil and gas operations is resulting in more marine traffic passing through Guyana’s main channel, the Demerara River. Dredging is required to facilitate this increase, and the government intends to do that in less...
GAICO Construction and General Services Inc. started from humble beginnings; with a little bobcat doing small-scale construction. But now, the company has blossomed into a large-scale venture plugging millions into Guyana's development.
Its latest contribution is the acquisition of the...
Oilfield services company, Schlumberger recorded a 14 percent hike in profits for the first quarter of 2022, raking in some $5.96 billion in revenues.
“Our first-quarter results set us firmly on the path to deliver full-year revenue growth in the...
A subsidiary of Shell farmed into two exploration licenses offshore Barbados in March, BHP Billiton said in an operational update.
BHP signed a farm-out agreement for Shell to acquire 40% equity in each of the two offshore licenses – Bimshire...
Vice President of Guyana, Dr. Bharrat Jagdeo has announced that by September, a final determination will be made on whether the government will be establishing a National Oil Company (NOC) to develop oil and gas resources or opt to...
CNOOC Ltd shares surged as much as 44% in their Shanghai debut on Thursday, defying broad market weakness, as investors sought safety in the Chinese oil giant amid high energy prices and quickening inflation.
After opening 20% higher, CNOOC shares...
One Basin Three Nations Academy (OBTN/A) is organizing a free Webinar about Oil and Gas Industry Insights for the general public in the Guianas on April 22. Organisers say the current offshore oil and gas discoveries in Guyana and...
Senior Director for Climate and REDD+ at Guyana’s Ministry of Natural Resources, Pradeepa Bholanath has clarified that even if Guyana has 10 FPSOs operating offshore, as well as the landmark gas-to-energy project on stream, their emissions can in no...
A United States Geological Survey estimated in the year 2000 that the Guyana-Suriname basin's reserves stand at 13.6 billion barrels of oil and 32 trillion cubic feet of gas, but subsequent discoveries and surveys have taken updated estimates way beyond...
