(Reuters) - Crude futures slipped on Monday as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled.
Brent crude for September fell 73 cents, or 1%,...
Natural Gas Liquids (NGL) from the US$900 million gas-to-energy project set to come on stream in Guyana by 2024 will be sold to third parties, ExxonMobil said last week, as public scoping meetings for the development that is expected...
Updated July 11, 2021
Guyana's pursuit of a Gas-to-Energy project in four years is anticipated to significantly reduce energy costs and would also be in keeping with the country's goal for a green economy. Experts say the transition to gas...
Guyanese manufacturing company, Demerara Distillers Ltd. (DDL) recently received their recertification for both the Good Manufacturing Practices (GMP) and Hazard Analysis and Critical Control Points (HACCP) systems from SGS. In a simple ceremony at DDL's Diamond head office, both...
(S&P Global Platts) China's CNOOC International confirmed July 8 it expects to start up production from the delayed Phase II expansion project at Buzzard, the UK's highest-producing oil field, in the fourth quarter 2021.
In a statement, CNOOC said it...
When ExxonMobil was awarded the Stabroek Block license in 1999 it did not immediately move to begin exploration activities. Offshore drilling in Guyana at the time was negatively affected by controversies with Suriname and Venezuela, its neighbors to the...
Guyana’s Ministry of Natural Resources on Wednesday issued a Request for Proposals (RFPs) inviting eligible specialists to submit bids to complete two projects. The first seeks a consultant to conduct a comprehensive Guyana Extractive Industries Transparency Initiative (GYEITI) systematic...
(S&P Global Platts) Shell has had to evacuate some 85 workers from its Shearwater gas and condensate project in the UK North Sea due to a COVID-19 outbreak, posing an "additional challenge" to the project timeline, a source close...
If British companies and institutions do not give Guyana’s rapidly expanding oil and gas industry the support and massive experience they can contribute, then others will fill that void. This is the view of former U.K. Energy Minster and...
Guyana's Ministry of Natural Resources has issued a new Invitation for Bids (IFBs) from suitable firms to market the country's oil entitlement from the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel.
Bidders are asked to submit their tenders...