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Intense engagements with oil and gas companies in Guyana and other stakeholders in recent weeks have seen feedback on specific areas of enhance business development being received by the Ministry of Natural Resources. “The consultations are evolving with both stakeholders...

After losing 1.4 mb/d in three years, output in Venezuela may be bottoming out, the International Energy Agency (IEA) said in its newly released Oil 2021 report. US financial sanctions, poor reservoir management and chronic underinvestment cut production to...

(AP) — Saudi Arabia’s state-backed oil giant Aramco announced Sunday that its profits nearly halved in 2020 to $49 billion, a big drop that came as the coronavirus pandemic roiled global energy markets. Saudi Arabian Oil Co. released its annual...

By Jerry Haar and Deanne Butchey - OilNOW Many believe that oil is the magic bullet that will hit the bullseye of prosperity for Guyana, dramatically increasing revenue, growth and economic development (regardless of how and where that largesse is...

The vaccine distribution cycle was not expected to be perfect, but the recent spike in cases in Europe, which some are calling the third wave, is not being met with a brigade of vaccines, but with vaccine skepticism instead....

As of March 10, Guyana’s Natural Resources Fund (NRF), the country’s Sovereign Wealth Fund in which all oil revenues are being deposited, had a balance of US$267,668, 709.12. This amount represents every cent earned from oil lifts and royalties...

New businesses are being established in Guyana and existing organisations are adjusting and realigning the services they are providing to better meet the needs of the growing oil and gas industry. However, many continue to face challenges with accessing...

(Bloomberg) --Inside a chic lounge, oil lobbyists and executives rub shoulders as Spanish, French and Italian can be heard in the halls. This isn’t the ZaZa boutique hotel in Houston, where global energy top brass like to stay. It’s...

Siemens Energy said Friday it was awarded a topside EPC contract by MISC Berhad for eight complete topside modules that will provide sustainable, efficient, and environmentally friendly power generation, transmission, and distribution, as well as gas processing and compression...

While Guyana’s offshore oil and gas industry rapidly expands, infrastructure will have to be developed onshore to support the activities in the industry. Participants at the Guyana Basins Summit were told this week that the Guyana government is pursuing...