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Guyana’s largest shore base facility hits ISO 45001:2018 certification

Building on its ISO 9001:2015 certification, GYSBI – Guyana’s largest shore base recently announced that it is now ISO 45001:2018 certified. ISO 45001 is an international standard that specifies the requirements for a management system for occupational health and safety...

Sri Lanka to auction around 900 offshore oil blocks

Sri Lanka has joined the list of countries looking to garner as much investment as it can from offshore oil and gas resources. President, Ranil Wickremesinghe, recently finalised new regulations to allow for companies to sign an expression of...

Norway awards 47 new oil and gas exploration licences

Norway’s Ministry of Petroleum and Energy has issued 47 new oil and gas exploration licenses on the Norwegian continental shelf to 25 companies. This move is regarded as critical to Europe’s energy security as Russia continues to hit much...

Touchstone Exploration in deal for exchange of onshore assets in T&T

Touchstone Exploration’s Trinidadian subsidiary, Primera Oil and Gas Limited has entered a new Asset Exchange deal with Lease Operators Limited to see the exchange of onshore Trinidad assets. Touchstone will be transferring the Fyzabad, San Francique and Barrackpore blocks –...

Bidders show favourable interest in Trinidad’s onshore, nearshore round

Bids were submitted for eight out of 11 of Trinidad and Tobago’s onshore and nearshore blocks, which were put up for auction in 2022. The Ministry of Energy and Energy Industries closed the auction on Monday, January 9 indicating that...

‘Gas-to-power’ seen as ‘most logical’ step for South America’s rising oil giant

With Guyana’s natural gas reserves pegged at around 16 trillion cubic feet (Tcf), Chief Executive Officer (CEO) of Trinidad and Tobago’s Energy Chamber, Dr. Dax Driver believes that converting it to electricity is the “most logical” avenue at this...

Guyana is top frontier jurisdiction for oil and gas investment – S&P Global

Competition between frontier and early-stage producers has become more intense as exploration companies focus on fewer basins in response to budget discipline. Explorers are also keen on delivering rapid results to bring hydrocarbons to market as the energy transition...

No impact study required for Guyana’s landmark 300MW gas to power plant

Guyana’s Environmental Protection Agency (EPA) has announced that the 300 megawatts (MW) natural gas power plant is exempt from the requirement to conduct an Environmental Impact Assessment (EIA). It made this decision on the basis, it said, that the proposed...

Guyana moves to establish smart grid to support Gas-to-Energy project

With construction for Guyana’s Gas-to-Energy (GtE) project set to begin this year, the government is moving to put associated infrastructure in place. Among these is the Guyana National Control Centre (GNCC) and smart grid project. For phase 1 of...

Advancing development of local content at forefront of SBM Offshore’s milestones in 2022

SBM Offshore said it had another successful year in Guyana in 2022. In a video published on its Facebook page, the company said it achieved major milestones including the start-up of the Liza Unity floating production storage and offloading...

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Oil hits US$110 as Trump’s ominous deadline to Iran nears

Global oil prices moved higher this week as tensions between the United States and Iran intensified ahead of a...