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Guyana warns against ‘international crime of aggression’ as Venezuela intensifies efforts to grab territory

The Government of Guyana has issued a strong statement expressing its firm rejection of the recent move by the National Electoral Council of the Bolivarian Republic of Venezuela to include questions in a national referendum, scheduled for December 3,...

Welding, laying of pipeline on target for 2024 Gas-to-Energy roll out – Exxon

ExxonMobil Guyana said it remains on track to complete the pipeline for the country’s Gas-to-Energy project set to come online in 2024.  Providing an update on October 17, President of the company, Alistair Routledge, said pipelaying is currently underway in...

QatarEnergy, Eni ink 27-year LNG supply deal for Italy

Affiliates of QatarEnergy and Eni have signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) for the supply of up to one million tons per annum (MTPA) of LNG from Qatar to Italy. Pursuant to the SPA,...

Chevron to buy out Hess Corp., will gain access to worldclass Guyana play

Chevron Corporation announced on Monday that it has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on...

ExxonMobil’s Pioneer acquisition signals potential for strong growth in U.S. oil output

In a notable move that may have significant implications for the future of U.S. oil production, ExxonMobil's recent acquisition of Pioneer Natural Resources for US$64.5 billion is drawing attention and praise. The deal, the largest in the upstream industry...

QatarEnergy, Shell strengthen global partnership with 3.5 MTPA LNG deal

QatarEnergy and Shell have cemented their partnership with the signing of two significant long-term LNG sale and purchase agreements (SPAs) for the supply of up to 3.5 million tons per annum (MTPA) of liquefied natural gas (LNG). The agreements...

Ongoing Israel-Hamas conflict threatens regional natural gas market and Europe’s LNG supply

The persistent conflict between Israel and Hamas, the Palestinian militant group, is casting a looming shadow over the regional natural gas market. This situation raises concerns about the potential repercussions for Europe's liquefied natural gas (LNG) supply as the...

U.S. to add 6 million barrels more to strategic petroleum reserves by December 

The U.S. Department of Energy has taken steps to acquire six million barrels of crude oil, scheduled for delivery between December and January, as part of its energy security strategy. Market reports suggest that the purchase contracts will be...

Guyana’s hospitality sector gears up for 2,000-room demand surge amid oil and gas boom

Guyana's hospitality industry is experiencing significant growth in tandem with its booming oil and gas sector, resulting in a surge of internationally branded hotels being constructed in and around the nation's capital, Georgetown - the epicenter of the oil...

Exxon, partners to plug GY$800 million into “largest hydroponics project in Caribbean” – Pres. Ali

A new hydroponic farming project initiative has been launched in Guyana - the largest in the Caribbean, according to President, Irfaan Ali with 300 young Guyanese being the beneficiaries.  The funding comes from the Greater Guyana Initiative (GGI) - a...

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Subsea7 lands US$150M–$300M Chevron contract for Aseng gas project offshore Equatorial Guinea

Subsea7 has secured a substantial contract from Noble Energy EG Ltd, a subsidiary of Chevron, for subsea installation work...