News

Oil field service company Halliburton announced Wednesday net income of $170 million for the first quarter of 2021. This compares to a net loss for the fourth quarter of 2020 of $235 million and adjusted net income for the fourth quarter...

Houston, Texas based Schlumberger Limited said this week the first quarter of 2021 represented a ‘strong step forward’ with acceleration in North America activity and momentum continuing to build in the international markets. The company has been able to expand...

ExxonMobil Guyana confirmed on Friday that 14 rotational workers supporting its operations offshore the South American country have tested positive for COVID-19. All are asymptomatic or have mild symptoms at this time, the company said. “These individuals have been appropriately...

Guyana’s Natural Resources Minister, Vickram Bharrat is adamant that the Wales gas-to-shore project will not only benefit those in the country through affordable electricity, but it will also attract wealthy international investors to the nation’s shores. The Natural Resources Minister...

While much of the attention has been on the benefits of low electricity rates with the gas-to-shore project that is poised to come on stream by 2024 in Guyana, former Energy Minister of Trinidad and Tobago, Kevin Ramnarine recently...

In its pursuit of a robust Local Content Policy, Guyana must be cognizant of its limited human resources while pushing for industry stakeholders to meet high targets. This point was recently made by Dr. Terrence R. Blackman, an Associate...

Guyana’s Opposition Leader, Joseph Harmon, expressed satisfaction after meeting with ExxonMobil's local subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) on Thursday, to discuss gas flaring and the issue of faulty equipment aboard the Liza Destiny Floating, Production, Storage...

Canadian exploration partners, Frontera Energy Corporation and CGX Energy Inc, announced Thursday that an agreement was signed with Maersk Drilling Holdings Singapore Limited for the provision of a semi-submersible drilling unit, the Maersk Discoverer, and associated services to drill...

When the proceeds received by Guyana for the first quarter of 2021 from oil produced and sold at the offshore Liza Phase 1 Development are added to the amount currently in the Natural Resources Fund, this is expected to...

China’s national offshore oil and gas company CNOOC Ltd. said on Thursday its oil and gas sales revenue in the first quarter of this year surged by 21%. The Company achieved a total net production of 137.7 million barrels...