Of the 200 offshore oil and gas projects that are currently in the planning stage, around 120 of these are based on floating production storage and offloading (FPSO) systems and one expert believes that none of them will move...
CNOOC Limited announced Monday that Penglai 25-6 oilfield area 3 project has commenced production ahead of schedule.
The Penglai 25-6 oilfield area 3 project is located in the south central Bohai Sea, with average water depth of about 27 meters.
In...
While the emphasis on degrees in engineering and geosciences is necessary as Guyana seeks to build capacity for the oil and gas sector, there will be a growing need for technical and other skills which one official with experience...
A drill-stem test operation is set to get underway at the Redtail-1 well site located 103 nautical miles off the coast of Guyana at the Stabroek block. Redtail-1 is ExxonMobil’s 18 discovery on the block, announced in September.
The well...
Covering an area 1.2 million acres (4,749 square kilometers), Block 52 is located approximately 75 miles offshore north of Suriname’s capital city, Paramaribo, and represents the first discovery ever made by U.S. oil major ExxonMobil, offshore the South American...
Warnings about a looming oil and gas supply gap continue to increase with a new report pointing out that the oil and gas industry will have to overcome its pandemic-induced retrenchment and boost investment by at least 25% annually...
European Union Ambassador to Guyana Mr. Fernando Ponz Canto has joined the call for the South American country to diversify the economy and ensure that it does not become reliant on just the oil and gas sector.
He made these...
The International Court of Justice (ICJ) announced on Thursday it will deliver its Judgment on the question of its jurisdiction in the case concerning the Guyana v. Venezuela Arbitral Award of October 3, 1899, on Friday, December 18, 2020.
The...
Global oil reserves are not being replenished with enough conventional resources for future demand of oil and gas and this is set to create a major shortfall through 2050 despite lower future demand due to the coronavirus pandemic and...
With Guyana lacking the capacity to adequately respond to large oil spills--that is, Tier Two and Tier Three spills--local companies have been playing an important role in oil spill response preparedness efforts.
The National Oil Spill Contingency Plan indicates that...
