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Guyana plans to publish draft gas strategy for consultations in two weeks – Jagdeo

Guyana's Vice President, Dr. Bharrat Jagdeo, announced during a recent press conference that the country is set to release a draft of its gas strategy within the next two weeks for public consultation. This comes as part of the...

SBM Offshore and Mitsubishi Heavy Industries unveil CO2 capture solution

SBM Offshore and Mitsubishi Heavy Industries Ltd. (MHI) have unveiled a significant stride toward reducing greenhouse gas emissions from floating production, storage and offloading vessels (FPSO). They announced a Partnership Agreement that aims to provide a carbon dioxide (CO2)...

Exxon drilling Guyana appraisal well at gas field near Suriname border

According to Guyana’s Maritime Administration Department, ExxonMobil is utilising the Stena DrillMax to conduct drilling at Haimara-2, an appraisal well with potential high-quality, gas-condensate resources. The oil major has said technical work is being done with updates provided to the...

Routledge talks gas extraction techniques for Stabroek Block gas reserves

ExxonMobil is exploring different facility options for the exportation of gas from Guyana. Alistair Routledge, ExxonMobil Guyana President, discussed Guyana's potential as a deepwater oil producer during an August interview with S&P Global in London. Guyana has been in the...

Engaging the UK Diaspora in Guyana’s Emerging Oil & Gas Opportunities

By Ms. Tash Van Doimen, Mr. Rae Wiltshire & Dr. Terrence Blackman - OilNOW In an inspiring convergence of thought leaders, the recent event titled "Navigating a Changing Guyana: Pathways to Prosperity in the Era of Oil and Gas"...

Saipem secures €850 million worth of offshore contracts in Côte d’Ivoire and Italy

Italian oilfield services provider Saipem has announced the acquisition of two significant contracts valued at a combined total of €850 million for offshore operations in Côte d’Ivoire and Italy. In the first contract, Saipem will collaborate with Eni Côte d’Ivoire...

Touchstone delivers first gas from Cascadura project in Trinidad

Calgary-based Touchstone Exploration Inc. has officially announced the commencement of production at its Cascadura natural gas and liquids facility in Trinidad. This announcement heralds a significant transition for Touchstone, pivoting the company's operations to be more natural gas-centric. The Cascadura...

New national control centre being constructed to support Guyana’s gas project 

The Office of the Prime Minister in Guyana is seeking to have a national control centre constructed to facilitate the country's energy infrastructure overhaul, including support for the Gas-to-energy project. It has issued a public Request for Proposals (RFP)...

Cleveland-Cliffs and the United Steelworkers Reach Tentative Labor Agreement for Northshore Mining Operations

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has reached a tentative agreement with the United Steelworkers (USW) on a new 3-year labor agreement. The new contract will cover approximately 430 USW-represented workers at Cliffs’ Northshore Mine in...

Guyana’s green lungs to breathe easy despite Exxon’s offshore emissions

In a recent Environmental Impact Assessment (EIA) for ExxonMobil's sixth Stabroek Block development, known as Whiptail, a comprehensive breakdown of the greenhouse gas (GHG) emissions expected from its operations was provided. The findings suggest that, even at peak emissions,...

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Global upstream sector could generate $495B cash windfall this year, Wood Mackenzie says 

The global upstream oil and gas sector could generate a cash windfall of US$495 billion in 2026 if Brent...