If the Guyana government were to impose a cap on the expansion of Guyana’s oil and gas operations by, say, not approving any more projects, it would essentially be killing the momentum in the local supply industry. According to...
President of Guyana, Dr. Mohamed Irfaan Ali said the government and households will see direct savings once the first phase of the landmark Gas-to-Energy project is delivered.
He provided estimates during a recent State House event, outlining the project details.
“We...
In just seven years Guyana has moved from a frontier area to South America’s hottest new oil province and emerging energy hub, all as a result of an unprecedented series of discoveries made by ExxonMobil off the country’s coast...
Norway based Rystad Energy says South America looks set to remain a global exploration hot spot for the next two years, driven primarily by activity in Brazil, Guyana, Suriname and Colombia. The region has seen a recovery in activity...
President of ExxonMobil Upstream Company, Liam Mallon, speaking at an event at State House in Georgetown on Thursday, said he is extremely proud of the work ExxonMobil has done in Guyana, and extremely hopeful for the future and the...
By Cristina Caus and Jerry Haar – OilNOW
Since its oil discoveries in 2015, Guyana has been contemplating the formation of a national oil company. Its dilemma “to form or not to form” (to borrow from Hamlet's soliloquy) must be...
Paramaribo, Suriname – Over the last two years, South American neighbours – Guyana and Suriname have been foisted into the limelight due to the exciting oil and gas discoveries being made in both offshore territories.
To date, Guyana’s proven oil and...
Saipem says it was awarded several contracts for operations in the Middle East, totaling some US$1.25 billion. It did not name the clients.
The first group of contracts concerns extending onshore drilling contracts in the Middle East. They are worth...
Minister of Natural Resources for Suriname, David Abiamofo, said the nation is extremely proud of its track record in honouring contracts, including production sharing contracts.
He made the comment during an interview with energy analyst from Americas Market Intelligence Arthur...
Trinidad and Tobago’s model deepwater production sharing contract (PSC) offers attractive incentives to international oil companies (IOCs). All royalties, taxes and other levies are paid for out of the Government’s share of Profit Petroleum, which remains after costs are recovered up to a ceiling...
