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...

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...

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...

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...

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...

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...

Petrobras said that it has signed an Integrated Natural Gas Processing System (SIP) contract with CNOOC Petroleum Brasil Ltda. (CNOOC) and, together with Petrogal Brasil, Repsol Sinopec Brasil and Shell Brasil – partners in the Santos Basin pre-salt offshore...

Although being the holder of the world’s 17th largest oil reserves with an exploration success rate that is more than double the global average, offshore operations in the Guyana basin still come with risks. In its latest assessment and...

Eni has signed a contract with Wison Heavy Industry for the construction and installation of a floating liquefied natural gas (FLNG) unit with a capacity of 2.4 MTPA (million tons per annum).  The FLNG will be deployed offshore the Republic...

Every new year in the development of Guyana’s oil and gas sector has arguably been bigger than the one before it. With new project start-ups, increasing oil production, and more revenues to the country, 2023 is tipped to continue...