Despite criticism about the fiscal terms of the Production Sharing Agreement (PSA) between Guyana and ExxonMobil, the deal has paved the way for rapid development of the vast hydrocarbon resources found off the country’s coast. Following the announcement of massive...

Noble Corps.’ acquisition of Maersk Drilling has been given the greenlight after the United Kingdom Competition and Markets Authority (CMA) accepted the undertakings provided by Noble to resolve issues that could have resulted from the merger. The CMA had noted...

A batch of 24 Guyanese trainee technicians attached to SBM Offshore are off to Canada for an oil and gas training programme to build their capacity and knowledge for integration into the country’s offshore operations. The certificate programme in Petroleum...

The American Bureau of Shipping (ABS) has introduced new detailed requirements for greener offshore operations in its first sustainability guide targeting the global offshore industry. ABS said the guide, developed by working with major offshore industry clients – like ExxonMobil,...

With the sudden resignation of its Chief Executive Officer (CEO) Francesco Caio, Saipem has promoted energy industry veteran Alessandro Puliti to serve in the post. The Italian oilfield services company announced on Wednesday that Puliti will still serve in his...

ExxonMobil’s fifth Stabroek Block development – Uaru – is set to target three massive reservoirs, Uaru, Mako and Snoek, according to the final Terms and Scope for the project’s Environmental Impact Assessment, submitted to Guyana’s Environmental Protection Agency (EPA). The...

Guyana's Environmental Protection Agency (EPA) in early August approved the final terms and scope for the Environmental Impact Assessment (EIA) for the Uaru Development Project, Exxon’s fifth and largest project at the Stabroek Block. The terms and scope document was prepared...

By Ivelaw Lloyd Griffith - OilNOW This is the first of a two-part series on the ongoing controversy between Guyana and Venezuela, set in the context of a famous stage play. It discusses some new dynamics of the judicial pursuits,...

CGX Energy Inc. has expended some US$21.8 million to complete a substantial portion of its massive Berbice Deepwater Port, the company said in a recent status update. Thus far, CGX has completed 40,000 square meters quayside laydown yard, the rip rap flood protection for the Port...

ExxonMobil Guyana has outlined development plans to place six floating production vessels offshore Guyana by 2027 and see potential for 10 to be in operation in the Stabroek Block by the end of the decade. President of the company, Alistair...