The gas-to-power project which is a major initiative being undertaken in Guyana will see a pipeline landing in Wales, on the West Bank of the Demerara River, Region Three, where the government is looking to develop a commercial zone,...

The Government of Guyana has welcomed the start of a new drill campaign off the country’s coast at the 4,800 sq km Canje block, which got underway on December 31. Natural Resources Minister Vickram Bharrat said exploration activity in this...

Guyana’s Vice President, Dr. Bharrat Jagdeo has affirmed that Government intends to take full advantage of its reserves of ‘light sweet crude’, which are expected to remain highly competitive on the world market in the coming years, even as...

The 6.6 million acres Stabroek block has been proven to have a working hydrocarbon system across different play types, delivering upwards of 9 billion barrels of oil equivalent since 2015. The 18 discoveries made by ExxonMobil out of 20...

Back when the first world-class Liza discovery was made in Guyana in 2015 it was not clear yet what this meant for the South American country and the basin where over 40 dry holes were previously drilled, and oil...

Mature oil producer Brazil is looking to implement important oil industry reforms in 2021 to remain one of the world's top destinations for investments amid heated global competition and uncertainties about the coronavirus pandemic. S&P Global Platts said in a...

President of Guyana, Dr. Irfaan Ali says 2021 will be the springboard from which the new oil producing country will leap into recovery, rebuilding its economy and enhancing the health and well-being of its more than 750,000 people. Mr. Ali...

Oil companies operating in Brazil have long complained about delays getting drilling permits and environmental impact reports approved by the Brazilian Institute of Environment and Renewable Natural Resources (IBAMA). Just recently, S&P Global Platts reported that Brazil’s National Energy...

The FPSO (Floating Production Storage and Offloading) system is used extensively by oil companies for the purpose of storing oil from the oil rigs in the middle of the ocean and in the high seas. It is one of...

(S&P Global Platts) Royal Dutch Shell PLC is wrapping up a volatile year with caution as its fourth-quarter financial results may include a write-down that could put the company's total impairment charges for 2020 at close to $22 billion. The...