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Baker Hughes has acquired a company involved in carbon capture called Mosaic Materials Inc., it said in a release on Wednesday. The energy technology company, with operations in Guyana, said the acquisition supports its plan to develop and scale...

The subsea and pipeline network for Guyana’s landmark gas-to-energy project is poised to see a US$1.3B (GY$260B) investment from ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL). According to the Environmental Impact Assessment (EIA) which was released on Wednesday,...

Qatari investment agents met with President of Guyana, Dr. Mohamed Irfaan Ali on Tuesday afternoon. The Office of the President said they advanced discussions on investment opportunities in Guyana. Representing the Qatar Investment Mission were high profile executives of Power...

CNOOC Ltd shares surged as much as 44% in their Shanghai debut on Thursday, defying broad market weakness, as investors sought safety in the Chinese oil giant amid high energy prices and quickening inflation. After opening 20% higher, CNOOC shares...

President Dr. Mohamed Irfaan Ali appointed former army chief of staff, retired Major General Joe Singh MSS to chair the Natural Resource Fund (NRF) board on Wednesday, a statement from the Office of the President said, along with four...

SBM Offshore posted footage of the lifting of the first series of topside modules onto the hull of the Prosperity floating production, storage and offloading (FPSO) vessel, on Wednesday. Work on the FPSO for ExxonMobil Guyana’s third development project at...

Guyana’s total government revenues were just US$1.4 billion in 2018, but now, with the rapidly expanding oil and gas operations off of its coast, this is estimated at US$50-US$200 billion through 2050. Hydrocarbon earnings will therefore dwarf all other sources of...

Eco Atlantic Oil & Gas Ltd. has placed US$20 million in escrow to support its capital expenditure for the Gazania-1 well in Block 2B offshore South Africa, its joint venture partner, Africa Energy Corp. said on Tuesday. “The block has...

Halliburton reported net income of US$263 million for the first quarter of 2022, or US$0.29 per diluted share, a 54% increase from the US$170 million profit from the previous year’s first quarter, or US$0.19 per diluted share. It said its...

Brazil’s state oil company Petrobras finally has a new Chief Executive Officer (CEO) Jose Mauro Coelho, putting an end to the messy public leadership change. Coelho took up his appointment last week in the presence of Brazil’s Minister of Mines and Energy, Bento...