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Noia writes Trudeau about ‘dire’ state of Newfoundland and Labrador offshore...

(The Chronicle Herald) The association representing businesses involved in Newfoundland and Labrador’s offshore oil sector is adding written words to spoken ones as it...

Greenfield investments headed for lowest level since 1970s – Rystad Energy

The outbreak of COVID-19 and the drop in oil prices has caused E&P companies to cut back on investments. This is especially the case...

Considerations for an oil and gas lifting agreement for Guyana

In offering an exploration opportunity in a block, the motivation of the government largely is to encourage investment in the form of exploration activities,...

Plans to ramp up production to 340,000 bpd by 2022 on...

The giant Liza Phase 2 Development Project offshore Guyana remains on course for production startup in 2022, the country’s Department of Energy (DE) has...

Oil storage not an issue for Guyana at this point but...

Even though global oil storage space continues to come under immense pressure following depressed demand, the situation is not one that has affected Guyana...

Oil producers scramble to find ‘creative’ storage options after historic price...

An unprecedented collapse in oil demand has forced some producers to come up with “creative” measures in order to find places to store their...

Guyana receives almost US$5 million in first royalty payments

The first payments of royalty due to Guyana from oil produced for the months of January, February and March have been deposited into the...

Global exploration & production revenues will fall by staggering 1 trillion...

The devastating effect of the COVID-19 pandemic on global oil and gas exploration and production (E&P) companies is better understood by looking at the...

Close to US$55M from Guyana’s 1st oil lift deposited into Federal...

The revenue from Guyana’s first oil cargo of 1 million barrels of Liza crude has been deposited into the Natural Resource Fund account held...

Oil storage, price and Guyana’s production

As the coronavirus pandemic continues to crush oil demand globally, the oversupply of crude is placing a growing strain on storage capacity. In the...