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Orinduik partners still defining “sweet, light, oil targets” for next drill programme

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Eco Atlantic Oil and Gas Limited, one of the joint venture partners on the Orinduik Block offshore Guyana, disclosed to the market on Monday in an Operational Update and Notice of AGM, that work is still progressing on target...
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Guyana – one of the world’s last oil and gas frontiers

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This article was first published in the T&T Business Newsday on October 21, 2021. ExxonMobil recently announced that their recoverable oil and gas resources in Guyana had reached an incredible 10 billion barrels of oil equivalent. The first discovery was...
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Rapidly growing Guyanese logistics company credits success to emerging oil industry

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Guyana Logistics and Support Services (GLASS) Incorporated was established in 2011 and serviced the mining industry for some time. However, the business experienced some ‘dormant years,’ according to the company’s Human Resources and Manpower Services Manager, Romona Rahat, who...
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India says its open to oil supply term deal with OPEC+

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(S&P Global Platts) India is open to the idea of a term deal with OPEC + to ensure price stability in crude supplies, Oil Secretary Tarun Kapoor said Oct 20 at the India Energy Forum by CERAWeek, erasing volatile...
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Brent climbs above $85 as oil prices hit multi-year high

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(Reuters) - Oil prices hit multi-year highs on Monday buoyed by recovering demand and high natural gas and coal prices encouraging users to switch to fuel oil and diesel for power generation. Brent crude oil futures were up 59 cents,...
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Ghana passes on key oil lessons, experiences to Guyana delegation

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Development experiences in local content and oil and gas legislation, as well as the best practices for the exploitation of hydrocarbons, were just some of the lessons that were passed on to Guyana's Vice President Dr. Bharrat Jagdeo by...
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Draft Local Content Law: Guyanese suppliers to benefit from 152 oil sector services

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The Government of Guyana is already in the advanced stages of completing its draft Local Content Legislation which outlines a sliding scale of targets to be achieved by petroleum companies and their subcontractors. The document proposes that Guyanese should be...
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Oil major Chevron seals the deal for Suriname oil block

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U.S. oil major Chevron has signed a Production Sharing Contract (PSC) with Suriname state oil company Staatsolie Maatschappij Suriname for block 5 offshore the South American country. By entering the PSC, Staatsolie said Chevron has been granted exploration, development and...
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Oil price hits multi-year high bolstered by OPEC+ production restraint

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(Reuters) - Oil hit a multi-year high on Wednesday above $83 a barrel, supported by OPEC+'s refusal to ramp up production more rapidly against a backdrop of concern about tight energy supply globally. The market later unwound those gains due...
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Saipem awarded new drilling contracts in Middle East, South America

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Saipem has been awarded new onshore drilling contracts in the Middle East and in South America. In particular, a contract has been awarded in the United Arab Emirates with a duration of approximately 15 months. In South America, Saipem has...
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Guyana among nations overhauling petroleum laws to attract investment – GEOExPro

Guyana is among a group of countries that have introduced sweeping changes to their petroleum laws in a bid...

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