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Exxon, Equinor looking to expand oil development offshore Brazil

(Reuters) - Equinor SA and Exxon Mobil Corp have taken the first steps to expand an $8 billion oil development off Brazil's coast, the Norwegian oil producer told Reuters. The firms want to boost future production from the Bacalhau oil field, Equinor's...

T&T appoints Chair of National Gas Company as High Commissioner to Guyana

Conrad Enill, the current Chairman of Trinidad and Tobago’s National Gas Company (NGC) is now the twin-island Republic’s High Commissioner to Guyana. His appointment comes at a time when Guyana is amassing considerable natural gas reserves in the offshore Stabroek Block, and...

Refrain from MoU with T&T until trade barriers are removed – Georgetown Chamber tells Government

The Georgetown Chamber of Commerce and Industry (GCCI) is strongly urging the government to refrain from inking a Memorandum of Understanding (MoU) with Trinidad and Tobago, until the twin-island nation opts to remove its Non-Tariff Barriers (NTBs), which are...

Tucker knocks T&T trade barriers again as Rowley, Ali prepare to sign MoU

As Prime Minister of Trinidad and Tobago, Dr. Keith Rowley arrived in Guyana for the Regional Agri-Investment forum, one businessman Timothy Tucker is reanimating the discussion about non-tariff barriers to trade. Timothy Tucker, who happens to be President of the...

Discovered resources in Guyana set to increase as Exxon ramps up exploration operations

ExxonMobil’s search for more crude is moving forward offshore Guyana, with campaigns ongoing at new prospects at the 6.6 million acres Stabroek Block. The company is continuing exploration drilling operations at Seabob-1 and Kiru Kiru-1 utilising the Stena Carron and...

Guyana and Norway have set the standard for a global forest carbon market

When he attended the United Nations Framework Convention on Climate Change’s (UNFCCC) 26th Conference of Parties (COP26) last November, Guyana’s President, Dr. Mohamed Irfaan Ali, told world leaders that forests constitute a powerful arsenal in the fight against climate change. He...

Exxon, Indonesia NOC to push integration of low-emissions technologies

Pertamina, the state-owned energy company for Indonesia and oil major ExxonMobil have entered an agreement for a study to gauge the potential for the implementation of lower-emissions technologies, like carbon capture and hydrogen production, on a large scale. The deal adds to Indonesia’s efforts to advance carbon capture and storage in...

Petrobras to add 14 FPSOs offshore Brazil in next four years

Petróleo Brasileiro S.A. (Petrobras), Brazil’s state-owned multinational oil producer, plans to add 14 floating production, storage and offloading (FPSO) vessels offshore Brazil in the next four years, according to its Strategic Plan 2022-2026. The plan listed 15 FPSOs altogether. The first,...

Chevron sanctions new GoM project, will add up to 75,000 bpd

Chevron Corporation announced Tuesday it has sanctioned the Ballymore project in the deepwater U.S. Gulf of Mexico. The project, with a design capacity of 75,000 barrels of crude oil per day, will be developed as a three-mile subsea tieback...

Guyana seeking Exxon’s full support for country’s low carbon push

While the Guyana government has outlined a series of comprehensive reforms it intends to take over the next decade in its Low Carbon Development Strategy (LCDS) 2030, it has determined that it is also important to ensure international oil companies (IOC)...

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Dominican Republic can help Guyana bridge gaps, place progress on par with developed world- Pres. Ali

Guyana's President, Dr. Irfaan Ali deemed the Dominican Republic a pivotal ally that can help his country bridge many...