With a mid-2022 deadline eyed for the finalisation of the merger between Noble Corporation and Maersk Drilling, Noble may soon sell five of its rigs for the deal to go through. Providing an update on the merger, Maersk and Noble...

The Presidents of Brazil and Guyana, Jair Bolsonaro and Dr. Mohamed Irfaan Ali, met in Georgetown on Friday and agreed to cooperate on energy matters. They intend to intensify information exchange on their national energy plans, experiences in regulatory matters...

The Presidents of two star oil producers in South America - Brazil and Guyana - met in Georgetown on Friday to discuss how they may strengthen relations. Energy, being a going concern for both countries, was high on the...

A Memorandum of Understanding (MoU) signed between Texan company, Excalibar Minerals LLC and Guyana’s Ithaca Energy Partners Inc. (IEP) will soon see the establishment of a barium manufacturing facility in the South American country to service the oil and gas sector. The MoU was signed...

While participating at the Offshore Technology Conference (OTC) in Houston on Wednesday, May 4, Guyana’s Private Sector Commission (PSC) and the United States Bilateral Chamber of Commerce agreed by way of a Memorandum of Understanding (MoU) to advance trade...

ExxonMobil’s fifth proposed development offshore Guyana could produce as much as 275,000 barrels of oil per day (bpd) and could achieve first oil as early as the fourth quarter of 2026, according to the project summary seen by OilNOW. Guyana’s...

China's offshore oil giant CNOOC offshore assets in South America, led by the Stabroek Block in Guyana and Brazilian Libra and Buzlos Surplus projects, have been identified as important sources of future reserve and production growth for the company, according...

Guyana’s prolific Stabroek Block holds an estimated 11 billion barrels of oil equivalent with only a fraction of the 6.6 million acres (26,800 square kilometers) explored by operator ExxonMobil and its partners Hess and CNOOC so far. More exploration activities are on the...

Guyana has suffered from brain drain for a very long time. The bulk of these migrants have gone on to live in the United States and Canada primarily, for better opportunities. But with the discovery of oil and gas resources,...