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ExxonMobil Guyana has invested nearly GY$200M in cricket, other sport

ExxonMobil Guyana has provided close to GY$200 million to the advancement of cricket and other sport in the South American country over the years and is gearing up to once again support the upcoming Caribbean Premier League (CPL). The company...

Breakthrough discoveries off Namibia coast mirror Guyana basin oil play – Westwood

Royal Dutch Shell and TotalEnergies have made two breakthrough discoveries offshore Namibia, which suggest a play like the Guyana-Suriname basin, according to Westwood Global Energy Group. On February 4, Shell made the first one, a light oil discovery, assumed to...

Gas fired plants could become net-zero electricity producers if CCS costs go down – World Bank

The Latin America and Caribbean (LAC) region has vast natural gas reserves to tap into for electricity generation. The resource is being eyed in Guyana and abroad to help secure countries’ energy transitions. While some remain wary of new...

Local content doesn’t mean automatic benefits, Guyanese must become competitive, says economic specialist

Guyana’s Local Content Act mandates quotas for the participation of Guyanese workers and businesses in various oil-related sectors, which gradually increase over the years. Executive Director at the Georgetown Chamber of Commerce & Industry, Richard Rambarran said when one looks...

Bolsonaro picks new frontrunner for Petrobras

Brazilian President, Jair Bolsonaro on Thursday tapped José Mauro Ferreira Coelho to take over as the top executive of the state-owned Petroleo Brasileiro SA or Petrobras after ousting his predecessor Joaquim Silva e Luna amid rising fuel costs. Back in...

On refining the trajectory of Guyana’s local content requirements

Dr. Terrence Richard Blackman - OilNOW On February 15th - 18th, 2022, an International Energy Conference & Expo: Charting a Sustainable Energy Future was held at Guyana's Marriott Hotel. One highlight of the meeting was the panel discussion on Guyana's...

Exxon, government to collaborate on oil and gas training for Guyanese

The Office of the President said that the government and ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), will team up to provide oil and gas training to locals. The commitment was made during a high-level meeting between officials...

Special education teachers get support from ExxonMobil to pursue studies

ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), said on Thursday that it donated toward the advancement of higher education for two special education teachers attached through the United Women for Special Children (UWSC). The teachers will be pursuing...

High energy prices could lead to ‘stagflation’ in Latin America – Arthur Deakin

Stagflation, or recession-inflation, occurs in economies where the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high as well. And Arthur Deakin, who is energy co-director at Americas Market Intelligence (AMI), believes that with the hike in global oil prices, plenty...

Schlumberger, Sintela ink deal to boost fiber-optic solutions across multiple industries

Oilfield services company, Schlumberger, has partnered with technology development organization, Sintela, to co-develop new fiber-optic solutions in an agreement that will leverage industry-leading technologies from both companies to develop edge-enabled solutions that improve customer performance. Sintela designs and delivers world leading fiber sensing systems for industrial...

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OSRL opens Guyana subsea response facility to strengthen regional readiness

Oil Spill Response Limited (OSRL) has opened a new Subsea Response facility at the Emergency Response Base at the...