While Hess Corporation and other majors may be cashing in big from key productive assets, global supply needs to ramp up as quickly as possible to avert further consequences of a deepening energy crisis.
This was stated on Wednesday by...
Following the announcement last week of two more discoveries at Sailfin-1 and Yarrow-1 in the ExxonMobil-operated Stabroek Block, the hunt for more high-quality oil resources is now set to continue at the Fish-1 and Lancetfish-1 prospects offshore the South...
TechnipFMC, one of the prime contractors for ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), said on Thursday that it recorded US$1.7 billion in revenues for the third quarter of this year.
Chair and Chief Executive Officer (CEO), Doug...
The 27th United Nations Climate Change Conference of the Parties (COP27) will take place from November 7 to 18, 2022 in Sharm el-Sheikh of Egypt.
This important event, like many others before it, will bring together representatives from nearly 200 countries. They will...
The US$30 million (GY$6 billion) Nismes wharf and laydown yard development, conceptualised by GAICO Construction and General Services Inc. is expected to be operational from January 2023. This is according to GAICO’s Managing Director, Komal Singh.
The facility will serve as the land base from which pipeline laying for the Gas-to-Energy project could progress.
Singh has described the project as...
Development work for two large ExxonMobil-led Guyana projects - Payara and Yellowtail - are progressing. Hess Corporation, a 30% stakeholder in the Stabroek Block where both projects will be operationalized, provided an update this week.
The projects will add nearly...
French multi-energy company, TotalEnergies, has joined the ranks of other oil majors recording massive profits for the third quarter of 2022. Its executives reported this week that earnings jumped by more than 40% to US$6.6 billion in Q3. In...
Britain’s oil and gas regulator – North Sea Transition Authority (NSTA) – on Friday issued a warning to the industry that it would not hesitate to take action against companies that fail to meet their licence obligations.
The warning was...
While he agrees wholeheartedly with Guyana’s move to implement robust Local Content legislation, Chief Executive Officer (CEO) of Ascending Limited, Andrew Schnitzer da Silva, asserts that authorities may wish to consider extending the transition period for compliance beyond 2022....
Schlumberger, now called SLB, the world’s largest oilfield services provider and a key contractor for ExxonMobil’s operations in Guyana, has recorded a US$7.5 billion earning in the 2022 third quarter. This represents a 10% growth over the 2022 second...
