Marine transportation service provider Edison Chouest though its local affiliate G-Boats Inc., an ExxonMobil Guyana prime contractor, says it has been expanding its local content efforts to create more jobs and provide training and capacity building opportunities for Guyanese...
Gas flaring – the combustion of unwanted natural gas produced during oil recovery – is causing many oil-producing countries to lose up to $82 billion a year, priced at record spot prices in Europe in August 2021, according to...
CNOOC Limited, a 25% stakeholder in Guyana’s Stabroek Block, announced on Thursday that it has made a large-sized oil discovery at the Kenli 10-2 oilfield located in Laizhou Bay Sag in Southern Bohai Bay at an average water depth...
Guyana, virtually unknown in the global oil and gas industry just 6 years ago, is now a much talked about up-and-coming oil producer who by the end of the decade will be among the top players in the Latin...
BP Trinidad and Tobago LLC (bpTT) on Monday confirmed its Matapal project has safely achieved first gas. The major milestone was achieved ahead of schedule and under budget despite the constraints brought about by the COVID-19 pandemic.
Matapal is bpTT’s...
By Wazim Mowla – OilNOW
The development of Guyana’s oil and gas sector is its best chance to maintain its territorial integrity and sovereignty against unsubstantiated claims and aggression by Venezuela. The border controversy has plagued Guyana’s relations with Venezuela...
SBM Offshore announce Thursday that it has completed the project financing of FPSO Sepetiba for a total of US$1.6 billion, which is the largest project financing in the Company’s history.
The project financing was secured by a consortium of 13...
After decades of offshore exploration, Suriname has made significant hydrocarbon discoveries, particularly over the course of 2020 and 2021. These discoveries have intensified the exploration and appraisal efforts of various license holders and provides a positive outlook for future...
Updated September 9, 2021
United kingdom's Minister of State for Business, Energy and Clean Growth, Anne-Marie Trevelyan says bringing gas to shore to support Guyana’s energy needs is a huge step forward for the country to improve the cost of...
Given the quantity of the gas Guyana has found in the Stabroek Block as well as how easily it can be piped to shore without having to pay a premium on the resource, it certainly makes sense for the...
