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Petrobras takes over BP’s stakes in basin where geologist say Guyana oil-rich play extends

The highly prospective Foz do Amazonas region in Brazil, which is part of South America’s Equatorial Margin, is considered to hold similar geology and prospects to Guyana and West Africa. But due to ongoing environmental challenges with permits in...

Tullow kicks off multi-well drill campaign in Ghana

Tullow Oil plc (Tullow) announced on Tuesday the start of a multi-year, multi-well drilling campaign offshore Ghana with the commencement of drilling of the first well at the Jubilee Field on April 5. As previously announced, the Maersk Venturer, which...

OilNOW TV webinar series continue tonight with focus on local content

A revised draft Local Content Policy has been the focus of intense consultations in Guyana since February, and it is expected that an updated version of this document will form the basis for a local content framework that would...

Most of Exxon’s support operations that came from Trinidad now migrated to Guyana – Routledge

ExxonMobil Guyana says it remains committed to a local content framework that supports the implementation of effective measures that would help to build a globally competitive workforce and supply base in the new oil producing South American country. The...

Guyana among just a handful of countries from where bulk of remaining deepwater oil resources will come – Wood Mackenzie

While there’s no arguing that the energy transition is upon us, one thing is for sure: oil and gas will play a significant role in meeting energy demand for decades to come. This is according to U.K. based consultancy...

Local content consultations wrap up with participation from over 180 agencies, firms

The Ministry of Natural Resources (MNR) said on Tuesday that it has concluded a series of strategic engagements with various stakeholders in Guyana on the revised draft Local Content Policy (LCP). MNR said this policy initiative responds to commitments made...

‘Level of negativity to oil industry in Guyana has always surprised me’ – Ramnarine

Trinidad and Tobago’s (T&T) former Minister of Energy and Energy Affairs, Kevin Ramnarine, says he has been visiting Guyana frequently over the last five years and the one key thing that has always surprised him is the level of...

Bourbon mobilizing 3 more vessels for major Guyana deepwater operations

Marine Services provider, Bourbon Offshore, is mobilizing three more vessels for its operations offshore the new oil producing country of Guyana. “We now have two on long term contracts with the major operator, and with these three with a...

Cash flow bonanza for upstream industry in 2021, Guyana remains advantaged

The year 2021 has started out on a positive note for oil and gas companies – in fact, this might be the best year yet in terms of generating cash for the industry, Rystad Energy said in a report....

Massive container ship partially refloated in Suez Canal

(Aljazeera) Ever Given, the massive container ship blocking Egypt’s Suez Canal for nearly a week, has been partially refloated, the Suez Canal Authority (SCA) said, raising hopes the busy waterway will soon be reopened. Monday’s move comes a week after...

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SBM Offshore subsidiary seeks local suppliers for steel, timber and safety equipment

Guyana Deep Water Operations Inc. (GDO), a subsidiary of SBM Offshore, is seeking information from Guyanese suppliers for steel...