Consultancy group Wood Mackenzie says the oil and gas sector will continue to rebound this year, with operator spend expected to surpass US$400 billion and higher prices driving another year of record cash flow. Global supply chain disruption, labour...

Guyana’s Maritime Administration Department (MARAD) says with effect from January 5, 2022, all seagoing vessels over 24 metres in length are required to have a copy of the Seafarers’ Employment Agreement, for each seafarer, on board. The MARAD notice, directed...

(S&P Global Platts) Argentina plans to push forward on its first new offshore exploration drilling in years despite social protests, a government official said Jan. 6, arguing that the dangers of spills are low, and that oil and natural...

Guyana’s oil production will almost triple this year as the state-of-the-art Liza Unity floating production storage and offloading (FPSO) vessel comes on stream, adding to the output from its sister unit, the Liza Destiny. ExxonMobil is also looking to make...

Now in its second year of oil production, Guyana’s oil and gas industry is still in its infant stage. The massive operations offshore are driving exploration activities across several blocks and production at the giant Stabroek Block where ExxonMobil...

Norway based energy research and business intelligence company Rystad Energy says global oil and gas discoveries are on track to hit their lowest full-year level in 75 years should the remainder of December fail to yield any significant finds. As...

Developing countries are continuing to focus on commercializing their oil and gas resources so that the much-needed revenues can be used to expand their economies and improve the standard of living for their people. GlobalData said on December 3 that...

The Guyana-Suriname basin is the most appealing frontier market opportunity in the world since it features light to medium sweet crude which has low emissions, highly competitive breakevens and offers exploration companies some of the most competitive terms. An...

The landmark gas to energy project being planned by authorities in Guyana will be best run through the partnership the country has with ExxonMobil since the oil major has vast experience in delivering major projects on time and on...

South America’s hottest new basin where billions of barrels of oil discovered over the past six years have brought world-wide attention is set to deliver large volumes of gas says a former head of Suriname state oil company, Staatsolie. “Our...