Chevron Chairman and CEO Mike Wirth has described the petroleum industry as “ubiquitous and essential” in the fight against the COVID-19 pandemic which has now spread to 189 countries/regions with over 4.3 million confirmed cases and more than 290,000...
US oil producers have been expected for some time to have to shut down oil production as a result of the COVID-19 pandemic, but they were initially slow to move. Now that profitability and storage limitations have started to...
Dutch floater specialist SBM Offshore, while currently dealing with the challenges brought on by the COVID-19 pandemic and low oil price environment, is looking ahead to large capacity offshore developments where its state-of-the-art Fast4Ward® programme will be playing a...
US-based energy and technology company Baker Hughes is looking for a firm in Guyana to assist in the supply of warehousing space for its operations in the South American country.
The “locally qualified and registered company with local experience” would...
(Reuters) - The risk of a sharp pull-back in oil prices has decreased as the rebalancing of the crude market gathers pace, Goldman Sachs said, aided by a gradual lifting of coronavirus lockdowns and a faster-than-expected fall in output.
The...
ExxonMobil Guyana has spent over US$35 million or approximately 7.1 billion Guyana dollars on more than 500 local suppliers in the first quarter of this year. The company said local suppliers remain important to the success of its operations...
If Guyana is to avoid the consequences that come with being heavily dependent on oil, then it must have a focused strategy for diversifying the economy says Trinidad and Tobago-based Energy and Strategy Advisor, Anthony Paul.
During a recent interview...
Brazilian oil company Petrobras announced on Monday two oil strikes in the Santos and Campos Basins offshore the South American country. Petrobras said oil, which is of excellent quality, was found in the Southeast area of the Búzios in the...
Guyana falls within the Golden Triangle of mega oil reserves along with countries such as Brazil, Venezuela and Nigeria, and producers in the US Gulf of Mexico.
Deepwater drilling used to be prohibitively expensive, but high oil prices in 2007...
COVID-19 lockdown measures have brought a sharp drop in global oil and gas demand, with the International Energy Agency estimating that global oil demand could fall by approximately 26 percent this month.
GlobalData says the crash in prices - aggravated...
