Plagued with years of declining economic growth, Trinidad and Tobago is facing challenging times. For failing to sufficiently diversify its economy in the hundred plus years since it started producing oil, Trinidad is dependent on gas production to keep...

Italian multinational oilfield services company, Saipem, recently launched its new sustainable technology for subsea pipelaying, touted as one that considerably reduces environmental impacts on the seabed. The “Underwater Cold Bending” technology was unveiled during the Offshore Technology Conference (OTC) in Houston, the leading international events in the offshore energy...

As the global energy transition kicks off, the recently accredited Norwegian Ambassador to Guyana, Odd Magne Ruud, has shared that his home country is willing and able to contribute to an increased renewable energy mix in the South American...

IHS Markit, an industry-leading information services provider that merged this year with S&P Global, believes petroleum exploration success in Guyana has taken on a new dimension, particularly with the recent hydrocarbon discovery at the Kawa-1 well in the offshore...

Should Guyana pursue the establishment of a National Oil Company (NOC), it would certainly serve as a catalyst for making it a more relevant and stronger player in the global oil supply chain, says Steven Debipersad an economist and...

Months after the passing of Guyana’s landmark Local Content Act, Chairman of the Building and Infrastructure sub-Committee of the Private Sector Commission (PSC), Edward Boyer is urging businesses to report promptly, cases in which capable Guyanese are overlooked for foreigners in...

SBM Offshore said in a first quarter trading update that the hull for the ‘ONE GUYANA’ floating production, storage, and offloading (FPSO) vessel has already been delivered. ‘One Guyana’ will deliver biggest daily production for new oil nation It is a...

ConocoPhillips has asked Norwegian regulators to approve its proposed Eldfisk North Project at the Greater Ekofisk Area in the North Sea. Its affiliate and operator of the Area, ConocoPhillips Skandinavia AS, submitted a plan for development and operation (PDO) for...

Net zero by 2050, an ideal popularised most recently by the International Energy Agency’s (IEA) landmark report of the same name, is a vision for the world to collectively trap more carbon dioxide than it emits. This would be...

CGX Energy’s discovery at the Kawa-1 well has ignited hopes of success in the Wei-1 well. CGX and its partner on the Corentyne Block, Frontera, said the detailed seismic and lithological analysis captured from the Kawa-1 find thus far hiked...