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The Liza Unity Floating Production Storage and Offloading (FPSO) vessel is undergoing final hook-up and commissioning at the ExxonMobil-operated Stabroek Block offshore Guyana in preparation for the start of oil production at the Liza Phase 2 Development. “Unity is on...

(Reuters) - Oil prices eased on Thursday following weak U.S. payrolls data and some profit-taking, but remained underpinned by tight supply as OPEC+ producers stuck to planned moderate output increases. Brent crude fell 61 cents, or 0.7%, to $88.86 a...

U.S oil industry company Baker Hughes has been targeting Guyanese students with its internship programme which is designed to enable those pursuing a bachelor’s or master’s degree to gain hands-on work experience. “Our internships will give you first-hand insights into...

The world’s newest oil producing nation is positioned to play a major role in delivering low carbon intensity barrels to a global economy still dependent on fossil fuel to meet its energy needs. Guyana, a nation bordering Venezuela and Brazil...

Exxon Mobil Corporation, the world’s largest refiner and marketer of petroleum products, disclosed on Tuesday that it has bounced back from a massive US$1.4B loss in 2020, recording a whopping US$23B in earnings for 2021. Importantly, this is the...

Newrest Guyana, the company providing catering services on the Liza Destiny FPSO said in a statement on Tuesday it is committed to upholding equal treatment for its employees and promoting local content. This follows reports of alleged mistreatment of Guyanese...

After more than 20 years of seismic data acquisition and drilling, CGX Energy Inc. has finally landed its first oil discovery in Guyana at the Kawa-1 well on the Corentyne Block which appears to rival some of the notable...

Oil and Gas explorers around the world had high hopes pinned on 2021 as pandemic restrictions eased and wildcat wells deferred from the year before were given the green light. But according to Rystad Energy, despite an impetus from...

ExxonMobil Corporation disclosed on Monday that it is undergoing a significant restructuring process that will result in over US$6 billion in cost savings by 2023, compared to 2019. Effective April 1, the company will be organized along three business lines...

The Guyana government is sparing no expense to facilitate the transformation of the country's infrastructure with billions in funding being set aside this year for major development projects in the oil producing South American nation. The government said last week...