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Monthly Archives: September 2020

Guyana approves ExxonMobil’s 220,000 bpd Payara Development, company moves to FID

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The Guyana Government on Wednesday announced the approval of the 220,000 bpd Payara Development - ExxonMobil’s third project offshore the South American...

Venezuela’s foreign currency income tumbles 99% as oil exports dry up

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Sanctions imposed by the United States have had a debilitating impact on Venezuela’s crude exports from which the country got most of...

Shell to cut up to 9,000 jobs in low-carbon transition

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(Reuters) - Royal Dutch Shell announced on Wednesday plans to cut up to 9,000 jobs, or over 10% of its workforce, as...

Preparing Guyanese women for opportunities in oil and gas a top priority for local...

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Guyanese Non-Governmental Organization (NGO), Women in Oil and Gas, is seeking to change age-old stereotypes about the way women are perceived as...

Local content requirements must be flexible, realistic – Angele Ramsaransing-Karg

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Countries which lack the necessary skills and experience in the oil and gas industry run the risk of slowing down development of...

Venezuela buying fuel from Iran with plane loads of gold

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Venezuela has reportedly obtained fuel from Iran in return for plane loads of gold, according to comments which have been attributed to...

Keppel reviewing offshore business, plans to sell between S$3-5 billion of assets

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Keppel Corporation Limited (Keppel) said Tuesday it plans to unlock value from S$3-5 billion of assets over the next 3 years as...

Oil falls as virus count mounts, U.S. debate looms

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(Reuters) - Oil prices fell on Tuesday as Europe and the United States grappled with a surge in new coronavirus infections and...

Guyana oil revenue will more than double T&T’s and quadruple Suriname’s – Rystad Energy

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The South American country of Guyana is on course to receive the highest estimated total income from its multi-billion-barrel oil and gas...

Less than 15 percent of Guyana’s discovered resources have been sanctioned

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With over 8 billion barrels of oil equivalent discovered to date and just two approved developments, Guyana still has significant hydrocarbon resources...