News

(Reuters) - Oil prices fell $1 on Monday as concerns about fuel demand caused by the spread of COVID-19 variantsas well aschanges to import rules in China offset expectations of tight supplies through the rest of the year. Brent crude...

The results of Suriname’s keenly watched shallow-water licensing round where three of the eight offered blocks were awarded to international big-name companies will soon lead to a flurry of activity off the country’s coast. One block was awarded to Chevron...

In addition to moving ahead with plans for a gas-to-energy project which is expected to start up in 2024, the Guyana government announced on Friday that it is seeking a developer for a largescale hydropower facility at the remote...

A lone Guyanese registered auditing firm was among the list of several international companies that submitted proposals to conduct consultancy services for cost recovery audit and validation of Guyana’s profit oil share for the period January 2018 to December...

ExxonMobil will be hiring Guyanese to work on the construction of the gas-to-energy project which is expected to take off next year once the relevant approvals are granted by the Environmental Protection Agency (EPA) and Guyana government. The company has...

A state-of-the-art Subsea Fiber Optic Solution technology which ExxonMobil has selected for its third major deepwater project offshore Guyana is the largest the industry has seen to date. This is according to TechnipFMC, who along with Halliburton, introduced the...

(S&P Global Platts)  Crude production by private operators in Mexico reached a new record in June as state oil company Pemex struggles to stop the decline of its own output, official data shows. Independent exploration and production companies increased their...

Guyana’s Minister within the Ministry of Public Works, Deodat Indar, said on Thursday the 75% cost recovery ceiling for operations at the Stabroek Block provides local suppliers with an opportunity to maximise benefits from the rapidly expanding exploration and...

Guyana’s Natural Resources Minister, Vickram Bharrat says he is convinced that ExxonMobil is desirous of being a good environmental steward and that the company is making “genuine efforts” to address challenges it has been facing with the gas compressor...

Caribbean Clothing Limited is a full-service garment manufacturer in Georgetown, Guyana. When the COVID-19 pandemic hit the South American country, and the world grappled with the economic and social effects, the company was forced to cut its workforce and...