Malaysia's Petronas has signed a Production Sharing Contract (PSC) with TotalEnergies, Petronas Carigali, and Shell for Block 2K, an ultra-deepwater block off the coast of Sabah, Malaysia.
Petronas said that Block SB 2K, with a depth of up to 3,000...
SBM Offshore is forging ahead with its internship program, offering students the opportunity to harness their potential and be integrated into Guyana’s oil and gas sector.
Applications opened on October 1, the company said in a public notice.
The internship programme...
Brazil’s offshore fleet of floating oil platforms has grown by two as Japanese contractor MODEC announced that the ‘Almirante Barroso MV32’ has arrived on Brazilian shores while the Anita Garibaldi is en route.
The first vessel arrived on October 5...
Guyana’s largest oil and gas port facility, Guyana Shore Base Inc. (GYSBI) has secured a US$10 million bridge loan from NCB Merchant Bank out of Trinidad and Tobago.
With the bridge loan in hand, GYSBI now has the greenlight to...
For Guyana to make the best of its oil riches, it will need to strengthen its technical capacity to govern the industry as quickly as possible.
To this end, Chief Executive Officer (CEO) of the International Association of Oil and...
The incredible growth of Guyana’s oil and gas sector has piqued the interest of investors across the world, looking to get in on the action. The latest is Brazil, with a major delegation scouting opportunities of its English-speaking neighbour...
The Guyana government said the Cabinet is working to finalise the model contract which will apply to its offshore auction to be launched soon.
The auction will be open for several months, giving companies ample time to prepare competitive packages,...
Amidst an aggressive push by State authorities to maximise earnings from its gas resources, the National Gas Company of Trinidad and Tobago (NGC) was pleased to disclose on Wednesday that it recorded a profit of TT$1.6 billion, together with...
Minister of State in Foreign Trade and Business for Barbados, Sandra Husbands, said the government announced that its 2022 offshore licensing round will be launched on December 1, 2022.
This represents a delay of one month, after previous information from the Ministry...
Bp Trinidad and Tobago (bpTT) disclosed on Friday that it has received the blessings of the Trinidadian government to proceed with the development of its Cypre offshore gas project.
This decision, it said, followed recent meetings between Trinidad and Tobago’s...
