The annual growth rate in the global offshore oilfield services market will likely be halved after 2022, according to Rystad Energy.
The independent energy research and consultancy firm headquartered in Norway with offices across the globe forecasts that the service...
Villagers in Waramuri community located in the South American country of Guyana, will benefit from a newly refurbished recreational ground as a result of a partnership between the Silver Sands Sports Club and ExxonMobil Guyana.
The facility, located in Region...
Marine Services provider; Bourbon Offshore, has opened an office in Guyana - South America’s newest oil and gas frontier. The French-based company, with operations in more than 40 countries around the world, provides marine and logistics as well as...
Former Trinidad and Tobago (TT) Minister of Energy and Energy Affairs, Kevin Ramnarine, has called the outcome of the 2018 shallow water bid round disappointing and said that it demonstrates how “unattractive” the country’s acreage has become due to...
US oil major ExxonMobil said that its Permian Basin development in New Mexico will generate approximately $64 billion in net economic benefits for the state and local communities over the next 40 years.
Impact Data Source conducted for ExxonMobil pegged...
This year’s Houston's Offshore Technology Conference highlighted panels that showed a global deepwater that has become increasingly robust and the session on Guyana saw a capacity audience clamoring to hear more about South America’s newest oil and gas hotspot.
Starr...
Iraq's oil minister on Sunday blasted ExxonMobil for evacuating its foreign staff from the West Qurna 1 field, saying all international oil companies working in the country have a secure environment, according to a report from S&P Global Platts.
The...
Many countries have incorporated specific measures into their subsidy reform strategies to overcome the barriers of energy improvement. Country reform experiences suggests the following key elements can increase the likelihood of successful subsidy reform:
A comprehensive reform plan;
A...
US oil major ExxonMobil has evacuated all of its foreign staff from an Iraqi oilfield west of Basra and is flying them to Dubai, Reuters reported on Saturday.
The report said that the move came after the US pulled non-emergency...
Director of Guyana’s Department of Energy (DE), Dr. Mark Bynoe, in a statement on Friday evening said he outrightly rejects the claims published in a section of the media, that oil consultant Dr. Michael Warner, who was hired to...
