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...

Eni has announced a major oil discovery in block CI-101 offshore Ivory Coast. The block is operated by Eni with Petroci Holding, who hold 90% and 10% respectively in the exploration phase. The discovery well has been drilled on the...

During the first half of 2021, ExxonMobil Guyana and its contractors spent nearly GY$19 billion with more than 750 Guyanese vendors on goods and services ranging from food stuff to engineering. This has generated, either directly or indirectly, an...

Updated August 28, 2021 The Berbice River in Guyana, during the early period of the planet’s formation  helped “drain” the northern part of South America to form a 1,000 metre deep canyon believed to be the basis of the stratigraphic traps...

Guyana’s development has been curtailed for decades, in part due to the exorbitant cost of electricity which is among the highest in the region. Now, the new oil producing country is looking to utilize associated natural gas being produced...