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As it awaits the requisite regulatory approvals, ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) has assured that it has and will continue to invest in upskilling locals to support its Stabroek Block projects worth over US$27B. As part...

Saipem has been awarded two new offshore contracts for transportation and installation activities (T&I) for a total amount of over 600 million USD. The first contract was awarded by Chevron Australia Pty Ltd for the Jansz-lo Compression Project, the gas...

(Reuters) - Crude oil prices fell on Monday on expectations of increasing supply, while higher energy costs and rising COVID-19 cases are also seen weighing on demand. Brent crude futures fell 63 cents, or 0.8%, to $81.54 a barrel, as...

Chairman and Chief Executive Officer (CEO) of TechnipFMC, Doug Pferdehirt, has deemed South America to be by far, the most important market for its subsea business this decade. During his company’s 2021 third quarter earnings call, the Chairman said Brazil...

By A. Bacchus I was sitting in a class recently when a colleague expressed in utter vexation, “they’re giving all the jobs to foreigners.” The conversation was delving into industries and the policymaking in Guyana, and like the new-norm, oil...

Guyanese-owned company, Strategic Recruitment Solutions (SRSGY) has sustained ISO 9001 Quality Management Systems Certification from NSF International Strategic Registrations (NSF-ISR). ISO 9001certification demonstrates SRSGY’s commitment to quality through its annual surveillance audit in Oct 2021. SRSGY achieved ISO 9001 quality...

As of October 31, 2021, Guyana’s Natural Resources Fund (NRF) grew to US$534 million. This is according to a monthly oil fund report prepared by the Ministry of Finance (MoF). The last reported figure in the NRF was US$436...

(S&P Global Platts) Six oil companies will compete for the rights to buy Brazil's share of profit oil from four subsalt production sharing fields, with up to 55 million barrels of crude available, government subsalt management company Pre-Sal Petroleo...

Stabroek Block operator, Esso Exploration and Production Guyana Limited (EEPGL), has indicated that there will be a potential increase in demand for lodging in the Georgetown area as work on its development projects come on stream. This was specifically noted...

The Guyana-Suriname basin is the most appealing frontier market opportunity in the world and Brazil’s pre-salt reserves are also gaining attention, says a leading market intelligence company studying energy trends in the region. The total projected reserves at Guyana’s...