It was highlighted at the Offshore Technology Conference in August this year that exploration in the Guyana-Suriname Basin has been a decades-long endeavor, including technical challenges and a lengthy history of drilling with no offshore success prior to the...
A junior partner in the Guyana basin says prospects in the offshore acreage remain highly favourable with the eastern section of the 1800km2 Orinduik Block set to potentially deliver significant volumes, the biggest yet outside of the prolific Stabroek...
U.S. investment and research firm Zacks said in a recent analysis that Exxon Mobil Corporation has seen upward earnings estimate revisions for 2021 and 2022 in the past several days and so far for the year, the stock has...
(S&P Global Platts) Petrobras will boost investment spending over the next five years amid a recovery in global demand, with development of the massive Buzios Field in the country's subsalt frontier expected to push crude oil output to 2.6...
After the pandemic decimated the oil and gas industry in 2020, this year is being seen as one of rebound with oil prices rallying and investments picking up across various projects globally, chief among them being South America’s hottest...
Almost all the major oil producing countries in the world are doing the same thing – moving to increase output significantly in coming years as the world races towards the 2050 climate goals and braces for a potential shortfall...
Guyanese economist, Winston Brassington, says that as the country’s oil and gas sector continues to develop and expand, so will the assets in the local banks. Brassington shared this perspective on Thursday when he addressed an American Chamber of...
UK-based multinational oil and gas exploration company Tullow Oil is calling it a day in Suriname. Drilling operations at the Goliathberg-Voltzberg North (GVN) exploration well at Block 47 failed to deliver commercial crude earlier this year after reaching total...
Saipem has been awarded two new offshore contracts for transportation and installation activities (T&I) for a total amount of over 600 million USD.
The first contract was awarded by Chevron Australia Pty Ltd for the Jansz-lo Compression Project, the gas...
By A. Bacchus
I was sitting in a class recently when a colleague expressed in utter vexation, “they’re giving all the jobs to foreigners.” The conversation was delving into industries and the policymaking in Guyana, and like the new-norm, oil...
