With US and Canadian oil production growth tapering off, Brazil is poised to be one of the key sources of expansion over the medium term, while all eyes are on newcomer Guyana where output is on course to skyrocket...
Intense engagements with oil and gas companies in Guyana and other stakeholders in recent weeks have seen feedback on specific areas of enhance business development being received by the Ministry of Natural Resources.
“The consultations are evolving with both stakeholders...
When the new administration in Guyana announced last year that it was moving ahead with the planned gas-to-shore project that would be underpinned by the Liza Phase 1 Development at the Stabroek Block, some stakeholders asked - can it...
With Guyana and Suriname poised for significant expansion in their offshore oil exploration and production activities, the need for adequate shore base facilities will become more pressing and therefore needs to be urgently addressed. This point was raised on...
Hess announced today that it has entered into an agreement to sell its subsidiary Hess Denmark ApS, which holds a 61.5% interest in the South Arne Field, to Ineos E&P AS for a total consideration of $150 million, effective...
Tullow Oil said on Thursday the Goliathberg-Voltzberg North (GVN) exploration well, drilled in Block 47, offshore Suriname, has reached total depth and encountered good quality reservoir but only minor oil shows.
The Stena Forth rig drilled the GVN prospect to...
Guyana’s oil basin took center-stage as the virtual ‘Guyana Basins Summit 2021’ opened on March 17 with presenters declaring that the nation’s vast hydrocarbon resources could propel rapid development of the petroleum industry across the Guianas in north-eastern South...
Given the resource development model his government intends to roll out, President of Guyana, Dr. Mohamed Irfaan Ali, confidently asserted today that Guyana will no doubt emerge as the economic and energy epicentre of the Western Hemisphere.
The Head of...
Oil exploration at the Canje Block offshore Guyana is moving into high gear with drilling at one well already completed, another underway and a third to be targeted later this year in what analysts say is a major foray...
The topsides lifting campaign for the Liza Unity FPSO was recently completed and a major project milestone was achieved.
Dutch floater specialist, SBM Offshore said on Tuesday thanks to the efforts of the integrated team, over 26,000 tons of topsides...
