The Dutch Court of Appeal has overturned a prior ruling that required Shell to reduce its global carbon footprint by 45% by 2030, S&P Global reported.
This decision, handed down on November 12, nullified a 2021 District Court order resulting...
More than 60 percent of Venezuela’s fuel supply has been shut down following a gas explosion at a key production facility run by state firm Petroleos de Venezuela (PDVSA).
At least eight people were killed in the incident while...
Three skilled Guyanese companies have cinched contracts to conduct specialized fabrication services with a view to deliver more than 300 tonnes of steel for the Jaguar floating production, storage and offloading (FPSO) vessel. The massive ship is being constructed...
A total of 56 FPSO projects, between 2022 and 2027, are expected to commence their operations worldwide. Brazil leads the list with 22 followed by Guyana, with three already in production and three more under construction.
Norway-based energy research and...
Guyana's Environmental Protection Agency (EPA) on November 11 published a statement providing clarity on an issue after a local newspaper claimed it was “moving ahead” with ExxonMobil’s Hammerhead project despite the fact that the government paused its search for...
Touchstone Exploration announced well test results on November 11 from its Cascadura-2ST1 and Cascadura-3ST1 wells, as it undertakes a production boost in Trinidad and Tobago. The production came through the Cascadura C onshore well pad in the Ortoire Block.
Touchstone said that during...
As global energy investments increasingly favor low-carbon and renewable projects over fossil fuels, Vice President Bharrat Jagdeo is steadfast in his view that Guyana must avoid the risk of stranded oil assets. With substantial offshore oil discoveries providing a...
The Floating Production Storage and Offloading vessel Alexandre de Gusmão, which incorporates SBM Offshore’s Fast4Ward® new build, multi-purpose hull design, has been completed. The company recently announced the naming ceremony of the vessel, which took place at the COSCO...
ExxonMobil Guyana has completed a US$1.23 billion purchase of the Prosperity floating production, storage and offloading (FPSO) vessel from SBM Offshore.
The Dutch FPSO-builder announced the completion of the transaction, in a November 7 release, ahead of the maximum lease...
CGX Energy published its 2024 third-quarter financial statements on November 7, during which it said it is the operator of the Corentyne Block. This is despite Guyana’s Vice President, Bharrat Jagdeo, and Minister of Natural Resources, Vickram Bharrat, publicly...
