News

Peru has signed the Paris Agreement and committed to develop policies to increase the share of renewable energy sources from current 5.5% to at least 20% by 2040. However, the country needs significant capital investments to ramp up its...

U.S. oil major ExxonMobil, operator of Guyana’s largest oil block, said it plans to grow investments that lower emissions, leveraging the company's technology, scale, integration, and global footprint in the coming years. “Cumulative low-carbon investments are anticipated to be approximately$15...

Maersk Drilling announced Wednesday that it has entered into a definitive agreement to combine with Noble Corporation in a primarily all-stock transaction. The combined company will be named Noble Corporation, and its shares will be listed on the New...

After eight years of operations offshore Guyana, ExxonMobil expects around 75% of the workforce on the giant Yellowtail Floating, Production, Storage and Offloading (FPSO) vessel will be Guyanese, starting from an initial 25%. This is according to the Environmental Impact...

Guyana’s Minister of natural Resources (MNR), Vickram Bharrat, on Monday participated and delivered remarks at a virtual stakeholder meeting to officially commence the review of the Yellowtail Field Development Plan (FDP). ExxonMobil affiliate Esso Exploration & Production Guyana Limited (EEPGL)...

Guyana's Ministry of Natural Resources is seeking a National Coordinator for the Secretariat of its Extractive Industries Transparency Initiative (GYEITI) chapter. The incumbent National Coordinator is Dr. Rudy Jadoopat. Interested persons have until November 19 to apply. The appointment will follow...

Ghana's oil production is set to decline in 2022 as a result of coronavirus-related restrictions, which deferred work programs and other activities in 2020, the head of production at the country's state-owned oil company told S&P Global Platts. The West...

SBM Offshore is providing the opportunity for Guyanese to be equipped with the skills and knowledge to work onboard Floating Production Storage and Offloading (FPSO) vessels operating offshore the South American country, through its Trainee Technician Programme. This aligns...

Recent Atlantic offshore oil discoveries have promised to generate an economic boom for Guyana and its’ citizens, the Extractive Industries Transparency Initiative (EITI) said, pointing out that mainly left unexplored until 2015, the nation is now on the brink...

Touchstone Exploration Inc. on Monday announced the results of the first of three planned production tests at its Royston-1 exploration well which has confirmed a light oil discovery in the lowermost section of the well. The section tested was...