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Idiotic to say Exxon’s offshore operations responsible for heat wave – Guyana VP

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Though it is a well-established fact that El Nino, a natural climatic phenomenon, is contributing to higher temperatures in many parts of the world, some critics of oil and gas are blaming it on ExxonMobil’s operations located more than...
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Qatari Emir breaks ground on North Field expansion project 

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Sheikh Tamim bin Hamad Al Thani, Amir of the State of Qatar, laid the foundation stone of the North Field expansion project, which will raise the State of Qatar's LNG production capacity from the current 77 million tons per...
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Guyana may use bridge financing until US EXIM Bank loan comes in for Gas-to-Energy project

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The Gas-to-Energy project, a critical development in Guyana, is steadily advancing. Amidst this progress, Guyana’s Vice President, Dr. Bharrat Jagdeo, has mentioned the possibility of using bridge financing to sustain the project until the awaited loan from the United...
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Guyana’s oil boom examined in Harvard International Review

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A recent Harvard International Review journal entry by William Mao has shed light on the potential for Guyana to harness its newfound oil wealth for sustainable development. While concerns loom over the challenges posed by the oil boom, Mao’s...
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Guyana’s Bureau of Statistics to launch nationwide economic survey in October

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Guyana’s Bureau of Statistics is set to commence a National Economic Survey starting from Wednesday, October 11, 2023. This survey is projected to span over two months, with its primary objective being to extract detailed data from businesses dispersed...
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ExxonMobil not inclined to purchase Guyana’s carbon credits – Jagdeo

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Guyana Vice President Dr. Bharrat Jagdeo has revealed that ExxonMobil has shown no interest in purchasing Guyana’s carbon credits. When questioned on the issue, Jagdeo remarked, “We raised this matter with them. They have not been positively inclined to...
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Baker Hughes secures major LNG contract with Venture Global

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Baker Hughes, a leader in energy technology, has clinched a substantial contract to furnish a modularised liquefied natural gas (LNG) system and power island. This contract, which will be recorded in Q3 2023, stems from an expanded master equipment...
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EMGL seeks deepwater ROV support for key offshore operations in Guyana

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ExxonMobil Guyana Limited (EMGL) has made a public Request for Information (RFI), inviting proposals for Deepwater Subsea Remote Operated Vehicle (ROV) services to support its operations in the Stabroek Block, Guyana. EMGL has played a pivotal role in the country's...
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African country looking to mimic Guyana success concludes fifth bid round

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The Petroleum Directorate Sierra Leone (PDSL) has announced the successful closure of the Nation’s Fifth Offshore Petroleum Licensing Round. The bidding process terminated promptly at 12:00 pm GMT on Friday, September 29, 2023. PDSL confirmed that several applications were received,...
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Global oil prices projected to drop to $60 by 2027; slowing demand growth to blame – Norway firm

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Oil analysts at Norway-based Rystad Energy have projected that global crude oil prices could drop to approximately US$60 per barrel by 2027 as demand growth slows, which could mark a significant decline from next year's peak price.  This forecast provides...
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Eco Atlantic announces passing of Co-Founder and Chief Operating Officer Colin Kinley

Eco (Atlantic) Oil & Gas Ltd. has announced the sudden passing of its co-Founder and Chief Operating Officer, Colin...

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