(CNBC) The Biden administration on Friday proposed reforms to the country's oil and gas leasing program that would raise costs for energy companies to drill on public lands and water, but stopped short of recommending an end to leasing...
The Guyana Shore Base Inc. (GYSBI) recently increased its local workforce by 25 following three cross-country events held in October targeting new recruits.
Providing a progress update on its career fairs, the company said that the 25 locals were hired...
APA Corporation announced results on Wednesday from flow testing at the Sapakara South appraisal well and drilling results from the Bonboni exploration well in Suriname. Both operations were recently completed on Block 58.
Sapakara South-1 (SPS-1) flow test
Flow and subsequent...
SBM Offshore announced on Wednesday that it has been awarded contracts to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading vessel (FPSO) for Guyana's Yellowtail Development project.
The Dutch floater specialist said the award...
ExxonMobil says it is taking very seriously the issues that have been encountered on its first oil production vessel offshore Guyana with the gas compressor system and this is resulting in the implementation of new technology and measures to...
As it awaits the requisite regulatory approvals, ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) has assured that it has and will continue to invest in upskilling locals to support its Stabroek Block projects worth over US$27B.
As part...
Dutch floater specialist SBM Offshore said Thursday it has been able to arrange, year to date, US$4.1 billion project related financings to fund a record-breaking order book, demonstrating the financial strength of the company and the confidence which its...
Guyana, Suriname and the Caribbean region is currently seeing a slowdown in licensing activity for a number of reasons, including the effects of the COVID-19 pandemic on frontier exploration which has prompted international oil companies to focus primarily on...
Peru has signed the Paris Agreement and committed to develop policies to increase the share of renewable energy sources from current 5.5% to at least 20% by 2040. However, the country needs significant capital investments to ramp up its...
Maersk Drilling announced Wednesday that it has entered into a definitive agreement to combine with Noble Corporation in a primarily all-stock transaction. The combined company will be named Noble Corporation, and its shares will be listed on the New...
