Colombia needs to pursue a much more aggressive oil exploration strategy in order to avoid highly contested fracking activities or an increase in gas prices as a result of importing, according to GlobalData. The leading data and analytics company...
Brazilian state-led oil company Petrobras plans to drill two wells in the sensitive Foz do Amazonas Basin in an attempt to replicate the massive offshore discoveries made in neighboring Guyana and Suriname, but still needs to win permits from...
By A. Bacchus - OilNOW
“We got oil but wuh duh mean fuh me? I ain’t seeing a cent of the oil money.” I recently heard that statement from a close friend of mine who has, in recent years, been...
The Guyana Oil and Gas Energy Chamber (GOGEC) is urging Guyanese to “quickly adjust and learn fast” about the oil and gas sector so that they can maximise benefits from the growing opportunities in the South American country.
“Before 2015,...
Recognising energy as a critical component for the advancement of Guyana’s development, President Dr. Irfaan Ali says his administration plans to implement several projects that will deliver at least 500 megawatts (MW) of power by 2025.
The largest of the...
SBM Offshore said Tuesday it has signed a Letter of Intent with Petróleo Brasileiro S.A. (Petrobras) for a 22.5-year lease and operate contract for FPSO Alexandre de Gusmão. The unit will be deployed at the Mero field in the...
Revenue from Guyana’s vast offshore hydrocarbon resources will be used to improve the prospects of the entire CARICOM region the country’s President, Dr. Irfaan Ali, affirmed on Monday in an address to the nation to mark his first year...
Even though Guyana is poised to receive billions of dollars in revenue from its massive offshore oil fields, the country’s economy will not be allowed to become dependent on this resource. Making this declaration on Monday was President Irfaan...
The hull for the Prosperity FPSO, Guyana’s 3rd oil production vessel, is complete and will enter the Keppel shipyard in Singapore following the sail away of the Liza Unity later this month. The Prosperity FPSO will be producing oil...
The team on the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel has gone over 660 days with no recordable incident. Production Manager at ExxonMobil Guyana, Mike Ryan, says this is an indication that the team is working in...
