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TT helicopter operator expanding operations to Guyana with S-76 aircraft

National Helicopter Services Ltd. (NHSL), a leading Sikorsky S-76® helicopter operator, is expanding operations with its first two S-76D™ aircraft in Guyana, a continuation of the significant growth of Sikorsky and Lockheed Martin in Latin America. NHSL has operated Sikorsky...

Exxon records $3.2B earnings in Q3 as Guyana value position further improves

Exxon Mobil Corporation on Friday announced estimated third quarter 2019 earnings of 3.2 billion US dollars as the company continues to make progress on its long-term growth strategy and further improved the value of its position in Guyana with...

University of Guyana will play pivotal role in Guyana’s oil future

The discovery of several billion barrels of oil offshore Guyana since 2015 and the start of production, now just months away, have made it clear that the South American country is entering a new era in its history that...

Mauritania now ties Guyana for 2nd most discovered volumes this year

On Monday BP announced a major gas discovery, Orca-1, off the coast of Mauritania, which Rystad Energy says is the deepest and largest discovery so far this year. The Norway-based energy research and business intelligence company estimates Orca-1 holds...

Shared vision for oil money will open pathway to prosperity

With just over 750,000 people, Guyana – South America’s newest petroleum hotspot – will begin producing oil within months and with over 6 billion barrels already discovered, revenue from production could profoundly transform the small nation. But the country...

China’s CNOOC third-quarter capital spending surges 28%

CNOOC Ltd, the listed arm of China’s largest offshore oil and gas producer, on Thursday reported a 27.9% jump in capital spending in the third quarter amid Beijing’s push to boost oil and gas exploration and production. Reuters reported that...

‘One Basin Three Countries’ seminar opens in Suriname

As Guyana prepares for oil production in a matter of months, focus is continuing to be placed on the attractive Guyana-Suriname Basin, with the convening of the One Basin Three Countries Energy Conference for the Guianas which gets underway...

GIPEX 2019

THE GATEWAY TO A GOLDEN FUTURE GIPEX 2019 will provide immense opportunities for companies across North and South America, Europe, Africa and Asia. Many well-established companies from the oil & gas sector have already shown their interest and made their...

SBM secures US$1.14B financing for Liza Unity FPSO from consortium of 9 international banks

SBM Offshore said on Wednesday it completed the project financing of the Liza Unity FPSO for a total of US$1.14 billion. The project financing was secured by a consortium of nine international banks. The Company said it expects to draw...

BHP hits pay in Trinidad while encountering dry hole at other prospect

Australian based petroleum company BHP said on Thursday it has made one discovery while encountering a dry hole in exploration activities offshore the Caribbean twin island nation of Trinidad and Tobago. The company drilled two additional exploration wells at its...

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SBM Offshore Guyana throws support behind Mental Health Awareness Campaign

SBM Offshore Guyana has thrown its support behind a new national mental health campaign launched by the Office of...