Vice President of Guyana, Dr Bharrat Jagdeo believes that it is unrealistic to call for the developing South American country to leave its giant oil discoveries - made over the past five years – undeveloped, while the needs of...
TechnipFMC is reporting that it has been awarded a large contract for Engineering, Procurement, Construction, and Installation (EPCI) through a competitive contracting process, by Petrobras, the leader and operator of the Libra Consortium.
That consortium, which was formed by Petrobras,...
The newly installed government in Guyana says it is seeking to change the country’s approach to oil and gas by ensuring benefits to Guyanese from the offshore resources are maximized. Officials of the now two-week old administration have said...
Through the engagement of a specialist firm in December 2019, the in-depth review of the Field Development Plan (FDP), Environmental Impact Assessment (EIA) and supporting documents for the Payara development also included an assessment of eleven key areas of...
With a string of discoveries, ongoing exploration, and multiple
targets yet to be drilled, Suriname is on the verge of becoming an offshore oil
producer. State oil company, Staatsolie, says it hopes to see several
objectives being achieved as the country moves...
Former Premier of Alberta, Canada, Alison Redford QC, has been engaged by authorities in Guyana to review the Payara development contract.
The Ministry of Natural Resources (MNR) said on Saturday, subject Minister, Vickram Bharrat met with Ms. Redford along with...
The independent consultant being engaged by the Government of Guyana to review the work that has been done so far by the Department of Energy for the 220,000 barrels per day Payara Development Project is expected to arrive in...
The oil market turmoil brought on by Covid-19 has led to lower-than-anticipated activity and delayed projects, forcing the industry to deploy cost-cutting measures. A Rystad Energy analysis of the top 50 oilfield service (OFS) firms show that staffing is...
Guyana can become one of the largest non-OPEC oil producers in a few years, with the potential to encroach on the markets of less competitive producers as the South American country continues to develop its industry.
This is the view...
At 180km offshore Guyana in deep to ultra-deep water, the Canje Block is said to be highly prospective with an environment of disposition unique among offshore Guyana blocks in that it contains both continental slope and basin floor terrain.
Most...
