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The hunt for a candidate to man Brazil’s state-run Petroleo Brasileiro (Petrobras) as its Chief Executive Officer (CEO) continues. However, a new Board Chairman was tapped along with nine other members. According to Petrobras, Gileno Gurjao Barreto – the new chair pick –...

French giant, TotalEnergies, according to Norway-based Rystad Energy, is now added to the short list of exploration and production companies to top 2030 renewable energy targets after clinching a major deal to acquire a 50% stake in Clearway Energy Group. Total’s...

Bourbon Mobility vessels – the Sirocco FSIV and the Surfer 2609 have been brought on to support Saipem’s liquefied natural gas (LNG) project on the Greater Tortue Ahmeyim field off the coast of Mauritania and Senegal. The Italian multinational is constructing a mega...

Chief Executive Officer of Hess Corporation, John Hess, said he hopes that by the end of 2023, approval will be secured for ExxonMobil to place its sixth floating production storage and offloading (FPSO) vessel at the Stabroek Block. Hess is...

(S&P Global Platts) The UK on June 14 launched its first CO2 storage licensing round aimed at supplementing existing licenses and becoming a "global leader" in the field, with as many as 100 storage sites eventually needed. Regulator, the North...

With only two and a half years as an oil producer, Guyana has been taking firm steps to steer clear of the commonly made mistakes and pitfalls of the petroleum industry thus far. This, according to the British High Commissioner...

When the World Bank released its latest global economic forecast, the President of the international institution David Malpass wrote that for many countries, “recession will be hard to avoid.” In that same report, the World Bank projected that Guyana is...

APA corporation, an affiliate of Apache Corporation, said it encountered water-bearing reservoirs at Rasper well in the northwestern area of Suriname’s Block 53. “The well encountered water bearing reservoirs in the Campanian and Santonian intervals, evaluation of the open hole well...

Even as the world transitions to renewable energy, demand for fossil fuels will remain robust over the next 20-30 years. Guyana’s low cost, low carbon barrels are best positioned to meet this demand and the South American country has...

While some international groups have advised that nations move swiftly towards the diversification of their energy mix with renewable resources taking the lead, Trinidad and Tobago’s Prime Minister, Dr. Keith Rowley, said his home country is taking a different...