News

Stagflation, or recession-inflation, occurs in economies where the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high as well. And Arthur Deakin, who is energy co-director at Americas Market Intelligence (AMI), believes that with the hike in global oil prices, plenty...

Oilfield services company, Schlumberger, has partnered with technology development organization, Sintela, to co-develop new fiber-optic solutions in an agreement that will leverage industry-leading technologies from both companies to develop edge-enabled solutions that improve customer performance. Sintela designs and delivers world leading fiber sensing systems for industrial...

Eighteen Guyanese women have graduated from the Global Women in Management (GWIM) programme, after six months of training in leadership and management skills. The ExxonMobil Foundation-sponsored programme was launched last September and has seen an investment of some GY$40 million in support...

The largest development to date at the Stabroek Block will deliver the second lowest breakeven for the ExxonMobil-led consortium that has found over 10 billion barrels of oil equivalent resources in the South American country since 2015. The breakeven for...

While the Environmental Protection Agency (EPA) has granted ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) permission to move ahead with its US$10B Yellowtail Project, it has done so with several rigid conditionalities attached. With respect to air management,...

Christopher Jones, Guyana’s Opposition Chief Whip, and Norris Witter, a trade unionist, have together approached the High Court to contest the validity of the Natural Resource Fund Act which was passed by the National Assembly last December. But Guyana's...

The Inter-American Development Bank (IDB), a financier of Guyana projects for many years, signaled in a report that its support for new ventures is taking a more aggressive approach where decarbonization and adaptation are concerned. The policy is stated in...

Canadian oilfield service company, Shawcor Ltd., has received a Letter of Intent (LOI) with Saipem to see pipe coating for ExxonMobil’s Yellowtail project in Guyana’s Stabroek Block, set to begin in early 2023. Yellowtail is scheduled for first oil...

Shell Trinidad and Tobago (T&T), through Shell PLC subsidiary BG International Ltd., announced recently that it started production at the Colibri natural gas field offshore the Twin Island Republic. In a statement, the company explained that ‘Project Colibri’ is a backfill project that is expected to...

The billions of barrels of oil resources that have been found offshore Guyana could help fill gaps in supply in the coming years if US upstream producers continue to stick to capital discipline as a corporate strategy, which shows...