As oil and gas operations offshore Guyana and Suriname intensify in the Guyana-Suriname Basin, the importance of collaboration between the two countries in preventing and responding to oil spills has been emphasised by Suriname’s Minister of Natural Resources, David...
Guyana’s President Dr. Irfaan Ali confirmed this week that an entirely new system for the allocation of oil blocks will soon be used, signaling the government will move away from direct one-on-one negotiations with International Oil Companies (IOC) and...
The Governments of Guyana, Northern Brazil, Suriname, and French Guiana are due for a meeting later this year on the planned regional energy corridor. Guyana’s President, Dr. Irfaan Ali made the disclosure during a press conference on Wednesday.
The planned...
Hess Corporation which holds a 30 percent stake in the Stabroek Block offshore Guyana reported on Wednesday a net income of of US$252 million for the first quarter of 2021.
Turning its attention to operations at the Stabroek Block, the...
Uganda's long-delayed maiden oil project took a vital step to becoming more than a pipe dream this month but risks still hang over hopes of new export flows from East Africa, S&P Global Platts said in a report on...
Dutch floater specialist SBM Offshore is forging ahead with expanding its local workforce in Guyana where it is currently operating one oil production vessel with two more under construction for developments offshore the South American country.
The Liza Destiny Floating...
Updated April 25, 2021
UK-based global energy consulting group Wood Mackenzie says Guyana is in a unique position as the world’s newest major oil producer. Other oil- and gas-dependent producers are contemplating the threat posed by the energy transition to...
The deal flow in the farm-out market was at an all-time low in 2020 although the success rates from wells drilled were at a 5-year high. This is according to Westwood Global Energy Group who said in a new...
Guyana’s Natural Resources Minister, Vickram Bharrat is adamant that the Wales gas-to-shore project will not only benefit those in the country through affordable electricity, but it will also attract wealthy international investors to the nation’s shores.
The Natural Resources Minister...
Guyana’s Opposition Leader, Joseph Harmon, expressed satisfaction after meeting with ExxonMobil's local subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) on Thursday, to discuss gas flaring and the issue of faulty equipment aboard the Liza Destiny Floating, Production, Storage...
