THOUGH not a common term outside of accounting, ring-fencing is an important aspect of production contracts and activities and plays a role in how …

The different components of offshore oil development pose numerous technical challenges and require top-class engineering capabilities. Platforms and production vessels must be able to …

ON June 22nd, the Liza Destiny was formally named at the Keppel Shipyard in Singapore. The Destiny is the first of the planned Floating …

PRODUCTION-sharing contracts/agreements (PSCs/PSAs) are complex documents that encompass a wide range of requirements, activities, commitments and schedules across the agreement’s entire lifetime. Understanding Energy …

LAST week, Understanding Energy discussed frontier exploration and the role it plays in the global petroleum industry, serving as the tip of the spear …

MANY will be familiar with Guyana’s classification as a “frontier” region when initial offshore exploration was taking place just a few years ago. While …

Saipem’s local expansion shows how broad oil development impacts can be SOME Guyanese will already have seen the news that Saipem, one of the …

EARLY in May, ExxonMobil and its partners announced that they made their final investment decision (FID) for Liza Phase 2 in the Stabroek Block. …

AFTER more than a year of work, Guyana released its first report for the Extractive Industries Transparency Initiative (EITI) just a few weeks ago. …

THE government recently signed a deal for a US$20 million loan from the World Bank to help build capacity to regulate, manage, and tax …