Keeping to its strategy to divest from non-core assets, ExxonMobil is mulling selling off its majority stake in Italy’s main regasification terminal - Rovigo LNG.  Also called Adriatic LNG, the terminal is owned by ExxonMobil Italiana Gas S.r.l. which holds...

Trinidad and Tobago (TT) expects gas to start flowing from the Dragon field project in two years, once all goes well in negotiations with Venezuela, its Energy Minister, Stuart Young has said.  Young, according to Reuters, is due back in...

The Guyana Shore Base Inc. (GYSBI) is stressing the importance of safety after an incident that saw a woman entering an active construction site at Reynstein, West Bank Demerara.  The woman, Elizabeth Deane Hughes, wrote a letter to local...

Annual greenfield capital expenditure is set to break the US$100 billion threshold this year, according to Norway’s Rystad Energy as offshore development activities surge globally. And investments in Guyana’s offshore Stabroek Block will take up US$7 billion of that...

QatarEnergy announced a light oil discovery in the Jonker-1X deep-water exploration well drilled in the PEL-39 Exploration License, offshore Namibia. This is the third discovery made at the prospect. It said the Jonker-1X well was drilled to a total depth of...

Vice President Dr. Bharrat Jagdeo disclosed Friday that Guyana’s National Gas Strategy will examine the monetisation of resources that are outside of the Stabroek Block’s Liza field. The official said this document will be finished by year-end, adding that...

Guyana’s Vice President Dr. Bharrat Jagdeo is preparing to sign a memorandum of understanding (MoU) with the government of India. According to Guyana’s Department of Public Information (DPI), the MoU is meant to foster cooperation in the oil and gas...

By Utamu Belle and Dr. Terrence Blackman – OilNOW The ninth installment of the Guyana Business Journal (GBJ) and Caribbean Policy Consortium (CPC) webinar series, “Transforming Guyana,” focused on “Guyana’s Agricultural Sector and the Oil and Gas Economy.” Farming and energy...

ExxonMobil’s projects in Guyana’s Stabroek Block carry hefty prices. Its fifth – Uaru – carries the highest thus far: US$12.683 billion, since it will be the biggest offshore development, rivalling neighbouring Brazil. These projects require massive floating, production, storage and offloading...

In an update on its new build activities, Dutch contractor SBM Offshore said it remains on track to deliver its floating production, storage and offloading (FPSO) vessels by agreed-upon deadlines. This is in spite of setbacks from the COVID-19 pandemic...