Growing offshore activity has seen Guyana’s shore base capacity expand considerably since 2020. The Ministry of Public Works told OilNOW approval was given for eight projects over this period.
Among the greenlit projects was the expansion works at the Guyana...
In the first quarter of 2024, inflows into Guyana's Natural Resource Fund (NRF) have been substantial, at US$604 million (approx. GY$126 billion), according to a gazetted notice from the government of Guyana.
The contributions to the NRF are detailed as...
Exxon Mobil (XOM.N) anticipates a decline in its first-quarter operating results.
The company said this will be due to weakened oil and gas prices, along with significant losses in fuel derivatives, as indicated by a securities filing on Wednesday.
The...
U.S. Senator Rick Scott has issued a stern demand for immediate action from President Joe Biden to reimpose sanctions on Venezuelan President Nicolás Maduro.
In an April 4. statement, Senator Scott expressed strong condemnation, accusing President Biden and his administration...
The Georgetown Chamber of Commerce and Industry (GCCI), with the re-elected leadership of President Kester Hutson, has pledged to escalate its support for Small and Medium Enterprises (SMEs) in the upcoming year.
Hutson first took up the post in 2023...
In anticipation of the looming deadline for U.S. sanctions relief on Venezuela's crude industry, Rystad Energy has presented insights into the future trajectory of the nation's oil output, with Senior Vice President Jorge León offering a comprehensive analysis.
With the...
Energy data and intelligence provider TGS, in collaboration with consortium partners PGS and SLB, has initiated a significant multi-client 3D seismic project in the Penyu Basin, offshore Peninsular Malaysia.
In partnership with PETRONAS and Malaysia Petroleum Management (MPM), the custodian...
The Guyana government has vehemently condemned the recent action taken by Venezuelan President Nicolas Maduro to sign the “Organic Law for the Defense of Guayana Esequiba” on April 3, 2024.
Announcing the signing on X, Maduro said, “Sooner rather than...
Oslo-based TMC Compressors (TMC) said it has been awarded a contract to supply a large capacity marine compressed air system to MODEC’s Errea Wittu floating production, storage and offloading (FPSO) vessel.
MODEC is building the floater for an ExxonMobil-operated development...
SLB and ChampionX Corporation have entered a definitive agreement for SLB to purchase ChampionX in an all-stock transaction, SLB said in a release. The agreement was unanimously approved by the ChampionX board of directors.
Under the terms of the agreement,...
