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From Africa to South America, leaders say environmental lobby hindering development

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In a world grappling with the urgent need to combat climate change, the western environmental lobby stands accused of putting some nations between a rock and a hard place. A divide seems to be emerging between anti-oil activists and...
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Global oil demand spurs urgent call for US$12.1 trillion in long-term investments

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US$12.1 trillion in investments is what the world needs to meet the escalating global oil demand in the long term, according to the Organization of the Petroleum Exporting Countries (OPEC).  The demand for oil will not falter, according to OPEC....
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Unlock Your Potential: Blue Water Shipping extends training to Guyanese nationals

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The logistics and supply chain management industry is becoming an increasingly important facet in Guyana’s oil and gas industry. And Blue Water Shipping is ensuring that Guyanese get the best training to provide A-class services locally through its extensive...
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EITI to launch 2023 Standard in Senegal on June 13 

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The Extractive Industries Transparency Initiative (EITI) has introduced its updated 2023 Standard, which includes significant revisions aimed at addressing corruption risks and facilitating the global energy transition. The EITI Board has agreed on these revisions, which will be officially...
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Africa Oil, Total drop East Africa project, leaving Tullow to find new partners

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Tullow Oil plc, a global independent oil and gas exploration and production firm, has acquired full control of Project Oil Kenya in Turkana County. This takeover comes after the withdrawal of Tullow's two joint venture partners, Africa Oil Corp...
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Aker Solutions selected to deliver Dynamic and Static Subsea Umbilicals for ExxonMobil’s Uaru project

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Aker Solutions, a leading global provider of engineering and subsea services, has been awarded a substantial contract from ExxonMobil Guyana for the Uaru project. The contract entails the provision of dynamic and static subsea umbilicals and includes the delivery...
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Chevron augments its US position with PDC energy acquisition

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In a move to strengthen its position in key U.S. production basins, Chevron Corporation has announced its plans to acquire PDC Energy, Inc. in an all-stock transaction valued at US$6.3 billion. The agreement, which was reached with a premium...
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Guyana received US$421 million out of US$1.6 billion 2023 oil funds as of April

Kemol King -
With a third of the year past, Guyana has received 26% of the US$1.63 billion in 2023 revenues which the Ministry of Finance projected would be deposited into the country's oil fund. The US$421 million received, accounts for payments...
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Guyana certifies major oil companies local content compliant after successful 2022

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TechnipFMC, Halliburton, Baker Hughes, Saipem, and ExxonMobil have received approvals for their 2023 Local Content Annual Plans.  The event, held May 15, saw the presence of the Minister of Natural Resources, Vickram Bharrat, along with key representatives from the aforementioned...
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Softening loan requirements could help leapfrog more businesses to opportunities in oil sector – Report

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As Guyana’s oil sector continues to give rise to a multiplicity of business opportunities, the Inter-American Development Bank (IDB) recently asserted that there are several hurdles authorities must address to ensure citizens are able to effectively leapfrog to these...
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Guyana’s power demand hits record high at 221.3 megawatts 

Guyana has recorded its highest-ever electricity demand this year, with peak consumption reaching 221.3 megawatts (MW) in September. The...

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