Equinor (operator) and ExxonMobil, Petrogal Brasil and Pré-sal Petróleo SA (PPSA) have decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area. The investment is approximately 8 billion USD. “This is an exciting day. Bacalhau...

Updated May 31, 2021 Major oil and gas explorers around the world expect at least three decades of exploration still to come and see this lasting beyond 2050 even as the global pandemic and slashed oil prices have caused companies...

Nestled on the north coast of South America, Guyana and Suriname are among the smallest of the countries on the continent. But with the discovery of multi-billion-barrel hydrocarbon resources, the economic prospects of these upcoming potential giants are among...

Guyana’s multi-billion-barrel hydrocarbon discoveries and the start of oil production operations have seen institutions playing catch up to monitor and regulate a sector that was practically non-existent prior to the 2015 world class Liza oil strike by ExxonMobil. Key to...

ExxonMobil Guyana held public consultations for the Yellowtail development on Thursday where it confirmed that 2022 is being targeted for final investment decision on the project that is set to catapult the country’s total oil production to more than...

Emerging play options around the world are shrinking with over 50% of such wells planned for 2021 located in the Guyana-Suriname basin where over 10 billion barrels of oil equivalent resources have been discovered since 2015. According to Westwood Global...

Even though the International Energy Agency (IEA)’s bombshell report advised that no new investments are needed in fossil fuels if the world is to reach net-zero by 2050, Guyana’s Vice President, Dr. Bharrat Jagdeo is urging stakeholders to remember...

For almost all of Guyana’s existence as an independent nation, oil was non-existent in the national discourse and played no role in advancing the country’s economic development. Guyana depended primarily on its agriculture exports such as rice and sugar,...

The American Association of Petroleum Geologists (AAPG) and the Society of Petroleum Engineers (SPE) announced Tuesday that they are exploring the benefits and opportunities of a merger that would create the ‘energy professionals' organization for the future’. With unanimous consent...

Analysts around the world have been crunching numbers and closely examining scenarios that provide insight into the future of oil and gas in a world that is moving towards renewable energy sources. The predictions vary, often considerably, for peak...