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In keeping with the goal of the Paris Agreement which calls for a limit to the increase in global temperatures to below 2 degrees Celsius by 2040, countries have begun the transition to renewable forms of energy. In the...

Following its latest assessment of the economy’s performance for the year 2019, the Government of Guyana has stated in its End of Year Outcome Report that the country’s Gross Domestic Product (GDP) grew to an “impressive” 5.4 percent. The...

Global discoveries of conventional resource volumes reached just 4.9 billion barrels of oil equivalent (boe) in the first half of 2020 with Guyana among just a few countries that recorded success during the period. Rystad Energy says this represents the...

After reaching historic lows in April, global oil prices could continue to chop higher in the coming months as COVID-19 shelter-in-place restrictions begin to lift, S&P Global Platts said in a recent report . Speaking at the Global Executive Petroleum...

Maersk Drilling has secured a contract for the semi-submersible rig Mærsk Developer which will be employed by PETRONAS Suriname Exploration & Production B.V. for a one-well exploration campaign in Block 52 offshore Suriname. The contract is expected to commence in...

A battery of international lawyers with key support from Sir Shridath Ramphal presented Guyana’s case to the International Court of Justice (ICJ) on Tuesday to show why that august body has jurisdiction to hear the case over the border...

(Reuters) - Brazil’s Petrobras said that its platforms P-74, P-75, P-76 and P-77 located in the deepwater Buzios oil field, the largest in the world, achieved record production levels on June 27, totalling 664,000 bpd and 822,000 boed. The oil...

Speaking after Shell announced impairments of up to US$22 billion to its portfolio, Angus Rodger, a director with Wood Mackenzie’s upstream research team, said, “The major oil companies are going through a process of reassessing long-term oil price assumptions...

Guyanese-owned Strategic Recruitment Solutions Inc (SRSGY) has taken another step forward in meeting international compliance requirements by Completing TRACE Certified Due Diligence. TRACEcertification is a heavily benchmarked and comprehensive due diligence review, analysis and approval process establishing that an individual or...

The move by BP to sell its global petrochemicals business to INEOS for $5 billion as part of plans to “reinvent” itself into a more focused, integrated energy company will impact Trinidad and Tobago where it is the largest...