Showing results for:

Guyana government guarding against over-dependence on oil – former business minister

Former Minister of Business in Guyana Dominic Gaskin believes that while there will be some meeting of Guyana’s needs from oil revenues in the short term, the real benefits to the country will be had during the medium and...

PM sees super highways, railways in new Guyana

Major infrastructure transformation could soon be underway in the South American country of Guyana as the emerging oil and gas industry is set to take off with first oil just months away and a production ramp up to almost...

OTC 2019: Saipem makes presentation to Guyana delegation

Saipem on Wednesday made a presentation to the Guyana delegation at the Offshore Technology Conference (OTC 2019) being held in Houston, Texas, focusing on its ongoing installation operations for the Liza Phase 1 Development Project. Giorgio Martelli, President and CEO...

Majors driving rise in global discoveries; ExxonMobil most successful in Q1 2019

(Rigzone) Oil and gas exploration is off to an explosive start in 2019, with such majors as BP, Eni and ExxonMobil taking a bigger bite of the conventional resources discovered in the first quarter, according to a new report...

OTC 2019: Chamber President expects increased partnerships

Guyanese business representatives participating at the Offshore Technology Conference in Houston, Texas, are excited about the attention received on the first day of the event. The President of one of the largest groups representing businesses in the South American...

Major interest shown in Guyana on day 1 of OTC 2019

On just the first day of the Offshore Technology Conference (OTC 2019) Guyanese officials and business representatives are already reporting major interest being shown in the country by participants at the event. The 600 square foot Guyanese booth saw heavy...

Arrived and ready – Guyana contingent all set for OTC opening

The contingent from South America’s newest oil and gas hotspot has arrived in Houston, Texas, and is all set to participate in the largest oil and gas sector trade show in the world – Offshore Technology Conference 2019. “Excited to...

CGX begins survey ahead of Utakwaaka-1 drill campaign

CGX Energy is moving to undertake a shallow hazard survey at the Utakwaaka-1 well site within the Corentyne Block, offshore the South American country of Guyana. The operation, set to begin on May 5 and conclude on May 31, will...

Guyana approves Frontera/CGX farm-in

Director of the Department of Energy Dr Mark Bynoe said that the Government of Guyana has given its approval for the farm-in joint venture agreement between CGX Energy and Frontera Energy Corporation for exploration in the Corentyne and Demerara...

ExxonMobil to proceed with US$6 billion Liza Phase 2 project in Guyana

US oil major ExxonMobil announced on Friday it will be proceeding with its US$6 billion Liza Phase 2 Development project offshore the South American country of Guyana. ExxonMobil’s announcement comes just after Director of Guyana’s Department of Energy, Dr. Mark...

Latest News

The PAA Series: Management Themes (Part 1)

To briefly recap our first publication the Petroleum Activities Act Series – Introduction, the term upstream refers to all...