Already well into its massive 2023 development plan, the Guyana government has withdrawn US$200 million from the Natural Resource Fund (NRF).
Senior Finance Minister, Dr. Ashni Singh made the announcement Thursday afternoon.
The Minister said that pursuant to Section 16 of...
European major, TotalEnergies, reported a profit of US$20.5 billion to International Financial Reporting Standards (IFRS). The company said this includes nearly US$15 billion in provisions related to Russia, for an adjusted net income of US$36.2 billion.
Return on equity was...
With more than 30 discoveries made offshore Guyana, ExxonMobil has a clear line of sight for the addition of six floating production, storage, and offloading (FPSO) vessels by 2027, a goal that is expected to see oil production exceeding...
Counterproductive. That is how ExxonMobil describes windfall taxes. And it is sticking to this position, so much so that it filed a lawsuit against the European Union (EU) back in December to challenge its introduction.
The EU windfall tax allows...
GO-NDE Inc. – a partnership between Trinidad’s Non-Destructive Testers Limited (NDT) and Guyana Oil and Gas Support Services Inc. (GOGSSI) has become the first Guyanese oil service company to be ISO 29001:2020 certified.
ISO 29001 is an international standard that...
BP has extended its contract for utilisation of the mobile offshore drilling unit (MODU) Stena IceMAX, Stena Drilling said Tuesday.
This extension shall see the MODU mobilise to the United States Gulf of Mexico in direct continuation of the initial...
ExxonMobil revealed that earnings from growth at its Guyana and Permian projects in 2022 more than offset the losses from its divestments and the expropriation of the Russian Sakhalin-1 project. This was also helped by higher prices on account...
UK supermajor, bp has decided that it will be producing oil and gas longer than it intended to, in direct response to the world’s growing energy needs.
But it is not dialling back on its transition to green energy; bp...
Two Members of Parliament (MP) have approached the Guyana House seeking an order for the Minister of Natural Resources, Vickram Bharrat, to table all documents relating to the construction of the Wales Gas-to-Energy project and the Heads of Agreement...
Guyana passed Local Content legislation a little over a year ago to ensure that its citizens get the most out of the petroleum resource – a whopping 11 billion barrels discovered in the Stabroek Block and counting.
Now, NetBenefit Software...