Once the proposed gas-to-shore project comes on stream, Guyana's electricity costs could be reduced from 30 US cents to six, or even three US cents per kilowatt hour (kWh). This revelation was made on Tuesday by Guyana’s Vice President,...

The plans by the Guyana government to land a natural gas pipeline at Wales, on the West Bank of Demerara (WBD) is expected to have a transformational effect on manufacturing, and result in the sector becoming more competitive regionally....

The use of natural gas to provide energy in Guyana continues to form a major part of the government’s plans to deliver significant benefits to the country of just over 750,000 people. Piping gas to shore will allow for...

The offshore exploration and production operations in Guyana have been creating growing opportunities for suppliers of goods and services, including those outside the oil and gas industry. In fact, since the first discovery in 2015 when it became apparent...

No technical barriers exist for piping natural gas from the Stabroek Block to shore for power generation and other applications in Guyana and with Gross Domestic Product (GDP) expected to triple in coming years, making this project a reality...

The COVID-19 pandemic is adding severe financial strain on a North American upstream industry that was already reeling under billions of dollars of debt. This comes at a time when prospects on the South American north coast continue to...

Associated gas deposits which have been found with the significant oil discoveries made offshore Guyana could be piped to shore as early as 2023 to help generate electricity to fulfil the South American country’s domestic needs. While the priority, as...

Brazil urgently needs investment in offshore pipelines and onshore processing facilities to develop its offshore gas resources, according to Wood Mackenzie. The consultant expects the country to deliver close to 5 MMb/d of oil in the late 2020s, with more...

ExxonMobil on Thursday said it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well wrapping up what has been a good month with two major discoveries made earlier in February in the...

(Reuters) - New Zealand will not grant any new permits for offshore oil and gas exploration, Prime Minister Jacinda Ahern said on Thursday, taking the industry by surprise with a decision that it says will push investment overseas. The centre-left...