Trinidad and Tobago's Minister of Energy and Energy Industries, Stuart Young, said the country is advantaged in terms of its ability to attract investment in gas exploration and development, due to its established gas infrastructure. During an early May...
Trinidad and Tobago has about 10 years of gas production left based on less than 12 trillion cubic feet (tcf) of natural gas reserves, Minister of Energy and Energy Industries, Stuart Young said during a May 29 live press...
Hess Corporation’s shareholders have approved the company’s merger with Chevron Corporation, according to Hess.
At the May 28 special meeting of Hess stockholders, a majority of the outstanding shares of Hess common stock voted in favor of the adoption of...
Guyana and Suriname have had substantial natural gas reserves discovered in the basin, altogether estimated at a whopping 29.5 trillion cubic feet. According to ExxonMobil, the operator of the Stabroek Block offshore Guyana, of the 11 billion oil-equivalent barrels...
Namibia has the potential to replicate Guyana's success in the oil sector, said NJ Ayuk, Chairman of the African Energy Chamber.
In a recent conversation with Petroleum Economist’s editor-in-chief, Paul Hickin, Ayuk praised both countries for their rich geological resources...
If ExxonMobil opts not to move ahead with gas development, in line with the Guyana government’s wishes, the prospects will be reallocated, said Vice President Bharrat Jagdeo.
During a May 24 press conference, Jagdeo said work is being done to...
MODEC said it carried out keel laying for the Guyana-bound Errea Wittu floating production, storage and offloading vessel (FPSO), five weeks ahead of schedule.
In a May 23 LinkedIn post announcing the achievement, MODEC said “This performance milestone demonstrates the...
Guyana trails behind only the U.S. and Brazil as the fastest growing oil producers not part of the Organization of Petroleum Exporting Countries (OPEC).
A new report from the U.S. Energy Information Administration (EIA) said the ranking was made because...
Oil production offshore Guyana averaged 625,000 barrels per day (b/d) in April, with a monthly total of 18.76 million barrels, according to data published by the government. In both respects, April saw the second highest monthly on record after...
Luiz Hayum, a principal analyst with Wood Mackenzie's Latin America upstream research team, sees Guyana’s oil bounty raking in huge sums for the ExxonMobil-led consortium and the government.
“Our valuation for Stabroek’s ten-FPSO development is over US$150 billion at US$65/barrel...
