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Exploration

Guyana oil production on track to surpass Newfoundland and Labrador – Rob Strong

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South America’s newest oil producer Guyana is on track to ramp up production to more than 750,000 bpd by 2025 from multiple developments at massive oil fields located off the country’s coast at the 6.6 million acres Stabroek Block. Speaking...
News

Coronavirus will delay FPSO deliveries, postpone US$30B in investments – Rystad Energy

OilNOW -
Out of a global total of 28 floating production, storage and offloading (FPSO) vessels that are under construction, 22 are being built at shipyards in China, South Korea and Singapore. Rystad Energy expects the outbreak of the coronavirus disease...
News

First major job of post-election gov’t in Guyana is to build O&G capacity

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Updated March 1, 2020 The South American country of Guyana, where US oil major ExxonMobil has so far found more than 8 billion barrels of oil equivalent, is set to elect a new government on Monday March 2, just months...
News

TT facing unprecedented economic crisis – former energy minister

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Caribbean petroleum producer Trinidad and Tobago is facing an unprecedented economic crisis fueled by a downturn in LNG and oil prices which former energy minister Kevin Ramnarine says only careful planning and a reality check can avert. “Folks we are...
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Guyana oil production will help counter structural declines from mature countries – WoodMac

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Mature oil and gas provinces such as the North Sea will be able to maintain output levels into the mid-2020s but new producers such as Guyana will play a key role in helping to counter declines in a number...
News

Explorers identify 22 prospects on Orinduik Block with some having over 30% chance of success

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Explorers at the 1,800 km2 Orinduik Block offshore Guyana have identified 22 prospects including 11 leads in the Upper Cretaceous horizon, the majority of which have over a 30 percent or better chance of success. This is enhanced by the...
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Price stability will have greatest impact on Guyana oil revenue – Robert McNally

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The revenue Guyana receives from development of its multi-billion barrel oil resources offshore will be ultimately determined by price stability in the oil market which an expert in the industry says is largely dependent on there being a swing...
News

Guyanese manpower company gets international certification

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A 100 percent Guyanese-owned manpower services company has acquired Maritime Labor Convention (MLC) 2006 certification even as it moves to provide human resources not only to the offshore oil and gas operations in Guyana, but also to countries in...
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Guyana production on path to rival OPEC top guns

OilNOW -
It is estimated that by the mid-2020s to 2030, oil production in Guyana could hit 750,000 barrels per day but this figure may ‘underestimate the country’s production’ the American Security Project (ASP) has said. ASP said unlike other recent discoveries...
Exploration

Eco fully funded, drill-ready to pursue light oil prospects at Orinduik

OilNOW -
Eco Atlantic Oil & Gas, junior partner at the Orinduik Block offshore Guyana, says it is drill-ready and fully funded to pursue additional prospects on the block as the search for high quality hydrocarbons continue. In 2019 the company drilled...
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Chinese oil and gas giant CNOOC eyes greater role in Trinidad and Tobago’s energy sector

Executives from China National Offshore Oil Corporation (CNOOC) this week met with Trinidad and Tobago’s Ministry of Energy and...

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