ExxonMobil, Hess and CNOOC have managed to recover more than US$10 billion in investments so far, to explore and develop the prolific Stabroek Block.
The Stabroek Block Production Sharing Agreement (PSA) allows the partners to recover investments by taking up...
Latin America, along with the Middle East and North Sea, is set to be a pivotal region for the next wave of global upstream oil and gas investments, according to Rystad Energy. The study underlines a significant surge in...
Hess Corporation says more than 40 leading healthcare experts from Mount Sinai have been deployed to Guyana. These specialists have been entrusted with the task of building a high-quality primary care system and introducing specialised services in cardiology and...
Equinor has signed an agreement to acquire Rio Energy, a prominent onshore renewables company. The deal was formalised with Denham Capital, which will retain certain assets, while Equinor takes charge of the selected assets and the team.
Pål Eitrheim, Equinor’s...
ODITC, the collaborative venture of 3t EnerMech, Orinduik Development Incorporated, and Windsor Technologies, has opened its state-of-the-art assessment and training facilities to assist OMNI Helicopters with their local Search and Rescue (SAR) recruitment process.
The ODITC Centre of Excellence Georgetown...
International and offshore markets continue to showcase robust growth, outpacing North America's more moderated development, according to Olivier Le Peuch, CEO of SLB. He pointed out that these regions now make up nearly 80% of SLB's global portfolio, with...
By 2028, Guyana projects that a year's oil revenue will be equivalent to almost its total outstanding debt. However, political opponents to the current administration have said the country's debt is mounting and this could impact its future prospects....
Dr. Mohamed Irfaan Ali, President of Guyana, revealed that at least five European Union (EU) countries have agreed to sponsor Guyana's bid for visa-free travel to the Schengen area. The announcement was made during a media interaction at the...
By Jerry Haar and Cristina Caus - OilNOW
A cursory view of the political, economic and social environment in South America does not instill optimism. Economic and political challenges across the region erode the confidence of both local and foreign...
The Government of Guyana has issued a notice inviting residents of Friendship, East Bank Demerara, to attend a public consultation regarding the proposed Gas-to-Energy project. The meeting is scheduled to take place on Saturday, July 22, 2023, at 10:00hrs,...
