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Guyana wants Venezuela to leave Ankoko, stop threatening companies

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Guyana, in its filing against Venezuela at the International Court of Justice, is asking the body to declare that the Bolivarian Republic immediately withdraw from the eastern half of Ankoko Island and refrain from threatening or using force against...
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Deodat Indar reelected to 2nd term as GCCI president; promises renewed push for Guyanese businesses in O&G

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Deodat Indar was on Thursday reelected to serve a second term as President of the Georgetown Chamber of Commerce and Industry (GCCI). The business group held its 128th Annual General Meeting at the Roraima Duke Lodge in Guyana’s capital Georgetown on...
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BHP Billiton could begin hunt for petroleum in Barbados by next year

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Australia based BHP Billiton could begin its hunt for petroleum in the Caribbean territory of Barbados as early as 2019. The island’s Minister with responsibility for Energy, Senator Darcy Boyce, speaking at a symposium in Trinidad held in March,...
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‘19 commercial discoveries in 2017’ – CNOOC Limited

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CNOOC Limited, the owner of Nexen which is a 25% joint venture partner in the Stabroek Block offshore Guyana along with ExxonMobil and HESS, recently announced that for 2017 its reserves and profit improved significantly. In announcing its performance for...
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TOTALTEC successfully completes 2nd equity finance raising

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TOTALTEC Oilfield Services Limited on February 28, 2018 successfully completed its second equity finance raising from a large international investor. However the price has not been disclosed. TOTALTEC is a partner in a major onshore infrastructure development project in Guyana...
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Latin American nations compete for capital in surge of oil auctions

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For decades, many Latin America’s oil-producing nations have often shunned investment from foreign firms, instead keeping their vast reserves under the tight control of governments and state-run oil companies, Reuters states in a April 2 report. They aimed to protect...
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Bahrain’s biggest oil find since 1932 dwarfs reserves

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(Bloomberg) Bahrain, the smallest energy producer in the Persian Gulf, discovered its biggest oil field since it started producing crude in 1932, according to the country’s official news agency. The shale oil and natural gas discovered in a deposit off...
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No guarantee unprecedented rate of oil discoveries will continue – ExxonMobil Country Manager

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Despite the discovery of more than 3.2 billion barrels of oil off the Guyana coast, the South American country’s offshore basin still remains risky with no guarantee that the unprecedented rate of discoveries – seven to date – will...
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Jamaica energy minister warns against unrealistic oil expectations

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Jamaica’s Minister of Science, Energy and Technology, Dr. Andrew Wheatley has warned against any unrealistic expectations of a financial windfall in the short term from the three-dimensional (3-D) seismic survey for offshore oil and gas exploration now getting under...
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First cohort of TOTALTEC Academy starts oilfield training today

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The new TOTALTEC academy will today commence its Oilfield Operator Training Programme with a first cohort of 24 young Guyanese. TOTALTEC is one of the investors in the Guyana Shore Base Inc., which has been contracted by ExxonMobil Guyana to...
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President signs Guyana’s Oil Spill Bill into law

Guyana’s President Irfaan Ali has enacted a comprehensive oil spill law which sets out a national framework for oil...

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