Noble Corporation has entered into an asset purchase agreement to sell five jackup rigs in pursuit of a merger with Maersk Drilling. It had said that upon notifying United Kingdom regulators about the proposed merger, the Competition and Markets Authority...

The Venus discovery made by TotalEnergies is Sub-Saharan Africa’s biggest ever oil find. This was related by Eco Atlantic Oil & Gas Ltd. in a recent report marketing the prospectivity of its acreages in the African Orange Basin. Discovered in Block...

Chemtech International is hoping to lead the way for Guyana’s downstream industry with the establishment of a US$200 million oil refinery and integrated post-petrochemical manufacturing complex. The pioneering project—which is awaiting the approval of the Environmental Protection Agency (EPA)—will...

London-based energy intelligence firm, Westwood Global Energy, called Wei-1 a ‘large, high-impact’ prospect and a ‘key well to watch’ ahead of expected exploration drilling offshore Guyana in October by CGX Energy Inc. “Final preparations are underway in advance of spudding...

Guyana, the world’s fastest-growing economy, has received a US$115 million loan from the Inter-American Development Bank to improve the quality, accessibility, resilience, and safety conditions of transportation networks, thereby improving travel time. The project-specific objectives are to reduce the Golden...

Canadian oilfield service company, Shawcor Ltd. said its pipe coating division has been awarded a definitive contract by Saipem for ExxonMobil’s fourth Stabroek Block development – Yellowtail. A definitive contract ranges between CA$40 million - CA$50 million. Shawcor will be providing...

Transocean, the drilling company that was instrumental in making the giant Liza discovery, was contracted in August for drilling in Brazil and the Gulf of Mexico. The combined value of these contracts exceeds US$1.2 billion. The Swiss-based driller said the...

Guyana’s Ministry of Natural Resources (MNR) developed a special website in 2021 as part of its Petroleum Management Programme, dedicated to making information about the country’s oil and gas sector publicly available. The platform, since May 2021, has been...

Trinidad and Tobago’s Environmental Management Authority (EMA) has received the full Environmental Impact Assessment (EIA) for Touchstone Exploration’s Cascadura onshore gas project. The EIA supports the company's application for a Certificate of Environmental Clearance (CEC) to carry out its development...

The capabilities of key agencies tasked with monitoring the offshore oil and gas operations in Guyana have been strengthened over the last two years and work is ongoing to further build capacity as production ramps up in the new...