Members of Guyana's National Assembly on Monday debated and passed the Petroleum (Production and Exploration) Amendment Bill-2021 which will now ensure proper oversight by the government during the acquisition of private lands by a licensee for major oil projects....
Oil and gas exploration activities offshore Guyana take place at significant depths with the Tanager-1 well spudded on the Kaieteur block being the deepest well ever to be drilled so far by ExxonMobil off the South American country’s coast.
Tanager...
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...
