With Guyana lacking the capacity to adequately respond to large oil spills--that is, Tier Two and Tier Three spills--local companies have been playing an important role in oil spill response preparedness efforts.
The National Oil Spill Contingency Plan indicates that...
(S&P Global Platts) Libyan crude and condensate exports are poised to jump to a 13-month high of 1.24 million b/d this month, according to S&P Global Platts estimates compiled using data from shipping and trading sources.
This comes as Libya's...
With approximately 9 billion barrels of oil equivalent and climbing, Guyana’s deepwater resources have a smaller carbon footprint than heavy oil being produced in Venezuela, Canada and across the world.
Light crude is typically in the 35-45 American Petroleum Institute...
Even though Guyana and Suriname are expected to receive significant revenues in the coming years, Antigua and Barbuda’s Ambassador to the United States, Sir Ronald Sanders, is of the view that neither country has the absorptive capacity to utilize...
(S&P Global) Russian state-owned oil and gas producer Rosneft said December 9 that it has discovered a large new gas field in the Arctic Kara Sea.
Rosneft is playing a key role in Russia's Arctic strategy, which aims to capitalize...
The more than GY$2.7 billion invested by ExxonMobil in contributions and sponsorships of various organisations and activities across Guyana will not be recovered by the company, a top official said on Tuesday.
More than GY$280 million was invested in contributions...
(Bloomberg) --Fresh from overtaking Exxon Mobil as North America’s biggest oil company, Chevron Corp. has a “simple promise” to investors: higher returns and lower carbon.
Delivering on that promise is critical: an activist investor announced a campaign on Monday targeting...
ExxonMobil has been able to forge ahead with its exploration, development drilling and oil production operations offshore Guyana over the last several months without recording a single case of COVID-19, the head of the company’s activities in the South...
New oil producer Guyana has signed a historic deal with neighbouring Suriname that will allow for easier travel between the two countries.
The agreement was signed on Monday in the Savannah Suite of the Pegasus Hotel in Georgetown, Guyana’s Capital...
The Ministry of Health’s rapid antigen testing capacity for COVID-19 has received a major boost with the donation of $32M from ExxonMobil Guyana that will enable the purchase of 20,000 kits. The cheque was handed over on Monday at...
