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Monthly Archives: October 2020

Eni gets greenlight from US authorities to offload crude from tilting oil tanker

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The Energy Chamber of Trinidad and Tobago said in an update on Friday that Italian-based multinational oil company, ENI has been given the green...

Significant opportunities exist across a multitude of sectors – Bharrat tells Dubai investors

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Guyana’s Minister of Natural Resources, Vickram Bharrat, told a team of investors from Dubai during a recent meeting that significant business opportunities exist across...

Guyana has the largest new conventional liquids play the world has seen in a...

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The increase in the estimated gross discovered recoverable resources at the prolific Stabroek Block offshore Guyana places the South American country at the top...

Stabroek Block offers best options in a global industry under pressure

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Even as the global pandemic continues to cast a shadow on the oil and gas industry, its unprecedented effects have not eclipsed the attractiveness...

Oil major Total looking to pursue renewable energy, other investment opportunities in Guyana

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French oil company Total is looking to pursue further investment opportunities in Guyana with special interest in the areas of low carbon and renewable...

ExxonMobil sees oil market in ‘early stages of recovery’, Guyana offshore remains top priority

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Even as it reported a third-quarter loss of $680 million on Friday following its largest-ever loss of $1.1 billion in Q2 2020, ExxonMobil Corporation...

Guyana remains committed to low carbon development – President tells international community

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The preservation of Guyana’s forests and adherence to the country’s Low Carbon Development Strategy (LCDS) in order to combat climate change and lower carbon...

Liza Phase 1 production now averaging 105,000 bpd, peak output expected by December –...

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Gross production from the Liza Phase 1 Development at the Stabroek Block offshore Guyana has been averaging 105,000 barrels of oil per day in...

Shell looking to strike it big on ‘Golden Lane of Oil in the Guianas’...

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Six years after giving up its stake in the Stabroek Block offshore Guyana where operator ExxonMobil went on to make the first world class...

ExxonMobil announces 1900 job cuts in United States

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US oil major ExxonMobil said on Thursday as part of an extensive global review announced earlier this year, it plans to reduce staffing levels...