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India says its open to oil supply term deal with OPEC+

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(S&P Global Platts) India is open to the idea of a term deal with OPEC + to ensure price stability in crude supplies, Oil Secretary Tarun Kapoor said Oct 20 at the India Energy Forum by CERAWeek, erasing volatile...
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Brent hits $86 before dipping by 79 cents as rally continues

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(Reuters) - Oil hit a three-year high above $86 a barrel on Thursday driven by tight supply and a global energy crunch, although prices eased as some investors took profits on signs the rally is looking overstretched. Helping to drive...
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Close to 70% of drilling at Kawa-1 completed, deepwater port activity progressing – CGX

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CGX and its Joint Venture partner Frontera said in an update on Wednesday that drilling operations at the Kawa-1 prospect on the Corentyne Block offshore Guyana are proceeding on schedule and the well is progressing without a major individual...
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Exxon provides US$45,000 weighbridge scale to landfill facility in Guyana

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ExxonMobil Guyana said on Wednesday it has provided a truck weighbridge scale to the Ministry of Local Government and Regional Development for use at the Haags Bosch Landfill site aback Eccles on the East Bank Demerara. The scale is...
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BHP encounters hydrocarbons at Calypso appraisal well in Trinidad

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BHP Group Ltd. said on Tuesday that it encountered hydrocarbons at the Calypso appraisal well Bongos-3 in Trinidad and Tobago and that it plans to perform other well operations as part of the drilling programme. “In Petroleum, the Calypso appraisal...
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Lowest energy rate in the region will see multiple sectors flourishing in Guyana – President Ali

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Guyana’s President, Dr. Irfaan Ali, told reporters at a press conference in Dubai this week that the new oil producing country is on the verge of realizing its full ‘second to none’ investment potential with the arrival of low-cost...
News

Dubai-based manufacturing company using Guyana as regional springboard

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Some companies serving the Guyanese oil industry are moving their regional offices to Guyana, as the country is gearing up to be one of the oil provinces which will hold out the longest throughout the global energy transition. According...
News

Guyana-UAE joint venture to erect US$5M manufacturing facility to support oil sector

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Guyana's oil sector is set to benefit from the construction of a 20,000 square foot manufacturing facility, resulting from a joint venture between Guyanese owned Global Infrastructure Solutions Guyana Inc. and Emirati owned Unidome Global DWC LLC. The US$5 million...
News

Exxon set to begin public discussions on Guyana’s largest offshore project

OilNOW -
ExxonMobil local affiliate Esso Exploration and Production Guyana Limited (EEPGL) is forging ahead with its fourth offshore project at the Stabroek Block, the largest to date, at the Yellowtail Development. The company has since submitted the Environmental Impact Assessment (EIA)...
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Future deepwater fields will deliver twice the average volume of oil

OilNOW -
By Andrew Latham, Vice President, Energy Research - Wood Mackenzie These are challenging times for upstream oil and gas, as the industry navigates unprecedented uncertainty. But the pain is not distributed equally. Growth from deepwater is much faster than from upstream...
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‘We will hunt and kill them’: Hegseth announces strikes that killed 14, eight more than last week’s attack

U.S. War Secretary Pete Hegseth announced today via his X (formerly Twitter) page, that “at the direction of President...

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