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Tullow stock sinks on quality concern over Guyana crude

(Bloomberg) - Tullow Oil stock fell the most in two decades in London trading after saying it’s reassessing the commercial viability of discoveries in...

Civil society bodies willing to support interim oversight O&G mechanism

Policy Forum Guyana is among a group of civil society bodies calling for the establishment of an interim monitoring mechanism for the oil and...

Energy Department sees potential for 5th drillship operating at Stabroek block

Director of Guyana’s Department of Energy, Dr. Mark Bynoe, says potential exist for a 5th drillship to be operating at the 6.6 million acres...

SBM Offshore secures contracts for 3rd Guyana FPSO

SBM Offshore said on Thursday ExxonMobil Guyana has awarded the Company contracts to perform Front End Engineering and Design (FEED) for the Floating Production,...

Demand for OPEC crude expected to slide as Guyana, other producers...

Demand for oil from the Organization of Petroleum Exporting Countries (OPEC) is expected to slide as the oil cartel’s market share shrink in coming...

Oil to shore can be a “magnet for corruption” – Bloomberg...

An opinion piece by Bloomberg columnist, Mac Margolis, published on Tuesday, November 5, outlines a number of observations and recommendations for South America’s newest...

Guyana, Ghana companies partnering to supply workers for offshore rigs

Ghana headquartered Unicon Western Engineering Services –a subsidiary of Unicon Western Holdings –has teamed up with a Guyanese company, Amazonia Expert Services Limited, to...

Guyana oil development bringing new discoveries of wildlife

Exploration activities offshore South America’s lone English-speaking country – Guyana - have so far unearthed billions of barrels of crude. The environmental studies being...

Bloomberg: Meet the economy that the IMF sees growing 86% in...

(Bloomberg) South America may be battered by weak growth, unrest and austerity but one of its smallest countries is about to experience the fastest...

Oil companies in Guyana benefiting from positive value-creation cycle

Exploration and Production (E&P) companies operating offshore Guyana are benefiting from a positive value creation cycle that started in 2015 while an estimated 800...