In just seven years, Georgetown has morphed into the oil capital of the country. Within its borders are several major shore base facilities such as G-Port and the Guyana Shore Base (GYSBI). It is also home to the headquarters...

Eco (Atlantic) Oil & Gas said Friday that the Gazania-1 exploration well on Block 2B, offshore South Africa, reached target depth of 2,360 metres (m), but did not show evidence of commercial hydrocarbons. The well will be plugged and abandoned....

The government of Trinidad and Tobago is expected to issue a decision on the lone four bids it got from its recent deepwater oil block auction which saw 17 blocks up for grabs. Energy Minister, Stuart Young, recently made the disclosure. Young told...

Global energy company, Hess Corporation, announced Wednesday that it has completed the sale of its 8.16% interest in the Waha Concession field in Libya. Hess said this was done in equal shares to TotalEnergies and ConocoPhillips. As a result of the...

Construction of the 3rd and 4th floating production storage and offloading (FPSO) vessels for ExxonMobil’s operations in Guyana – Prosperity and ONE GUYANA - is progressing well, according to SBM Offshore, the company building the vessels. For ONE GUYANA, SBM Offshore said...

When it comes to the management of the oil and gas sector and capacity building for economic growth, the United States is actively supporting Guyana on multiple fronts. This was highlighted by US Ambassador to Guyana, Sarah-Ann Lynch, during a...

Dutch floater specialist, SBM Offshore, says it is progressing well with the construction of three major floating production, storage and offloading (FPSO) vessels for Brazil. Despite the lingering economic impacts of COVID-19 which is still impacting the pace of work, SBM Offshore said FPSO Sepetiba’s integration and commissioning activities...

Noble Corporation Plc, which has four rigs operating offshore Guyana, reported US$33.59 million in earnings for the third quarter of 2022. This represented a significant improvement over the previous year where a net loss of US$23.67 million was recorded. The...

Guyana’s Vice President, Dr. Bharrat Jagdeo, is currently in the United Arab Emirates (UAE)—the third biggest oil producer in the Organisation of Petroleum Exporting Countries (OPEC) after Saudi Arabia and Iraq—where he is engaging senior government officials and investors. OilNOW...

By Dr. Riyad Insanally - OilNOW On November 17-22, 2022, the International Court of Justice (ICJ) will hear submissions from Guyana and Venezuela on the latter’s objections to Guyana’s case seeking to uphold the validity and binding nature of the...