News

The oil industry has been hard hit by two unprecedented risk factors—the COVID-19 pandemic and the war in Ukraine. To survive these turbulent times and any other similar risks well into 2040, Hess Corporation believes the key is continued...

By Dr. Graham King - OilNOW Commodity-rich developing countries can suffer terribly from Dutch Disease. Commodity wealth bolsters imports, making them relatively cheaper and more readily accessible to the population. Local products can struggle to compete as labour rates climb...

In his first press conference since the airing of a controversial Vice News feature last Sunday, Vice President Dr. Bharrat Jagdeo said no international investor believes the narrative the publication crafted. “You ask any of the oil companies whether they will take...

Outside of the introduction of a robust Local Content Legislation, Guyana intends to use the Gas-to-Energy project as a means of maximising benefits to the country from the deal it has with ExxonMobil. This was said by Vice President,...

Chinese Ambassador to Guyana Guo Haiyan is heavily criticizing US based Vice News for having an anti-China agenda. This follows the release of a documentary by the media outfit, aired a SHOWTIME, alleging Chinese investors and Guyana government officials...

The government of Guyana understands its responsibility to ensure that it does not manage the economy in a manner that will cause it to overheat. However, the government is also aware that it is important to prepare the nation...

With exceptional forest cover, boasting more than 19 gigatonnes (Gt) of stored carbon, Guyana is preparing to collect more payments for keeping its forests standing. But this time, the partnership will extend to more than just Norway. Vice President Dr....

QatarEnergy has added Italian multinational Eni S.p.A to the list of international partners for its mega North Field East (NFE) expansion project. On Sunday, QatarEnergy’s President and Chief Executive Officer (CEO) Saad Sherida Al-Kaabi, who also doubles as the Minister of...

ExxonMobil’s Dutch subsidiary, XTO Netherlands Ltd., on Monday signed a Cooperation Agreement with Neptune Energy, Rosewood Exploration Ltd. and EBN Capital B.V. to advance the L10 large-scale offshore carbon capture and storage (CCS) project in the Dutch North Sea. As...

Like the rest of the world, American consumer pockets are under pressure by soaring fuel prices – a direct result of Russia’s invasion of Ukraine. Accusations of price-gouging and deliberately staying away from new well drilling have abounded in the...