News

French-American conglomerate, TechnipFMC has been awarded a large contract by ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL), to supply the subsea production system for the Stabroek block's US$9 billion Yellowtail Development Project. For TechnipFMC, a “large” contract is between...

Internationally traded real estate franchise, Real Estate Maximums (RE/MAX) has joined the ranks of other top-notch companies that are eager to tap into Guyana’s lucrative oil market. On Tuesday, RE/MAX Guyana was launched at the Pegasus Hotel’s Sky Lounge. The...

Stabroek Block co-venturer, Hess Corporation, disclosed yesterday that it has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the 12th consecutive year. In fact, the company pointed out that it is one of only three...

While the Guyana government is being commended for moving forward with a framework to ensure benefits to locals are maximised from the country’s vast oil and gas resources, one expert says it must be conscious of ensuring the Local...

(Reuters) - Oil prices rose on Tuesday, supported by the prospect of tight inventories across the globe, although the gains were capped by forecasts of an increase in global production in coming months and concerns over rising coronavirus cases...

With the Guyana government indicating via its draft local content policy and legislation that it wants to see more locals being tapped for the provision of insurance services, one group is taking the necessary steps to grasp the opportunities...

ExxonMobil says it is taking very seriously the issues that have been encountered on its first oil production vessel offshore Guyana with the gas compressor system and this is resulting in the implementation of new technology and measures to...

As it awaits the requisite regulatory approvals, ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) has assured that it has and will continue to invest in upskilling locals to support its Stabroek Block projects worth over US$27B. As part...

Saipem has been awarded two new offshore contracts for transportation and installation activities (T&I) for a total amount of over 600 million USD. The first contract was awarded by Chevron Australia Pty Ltd for the Jansz-lo Compression Project, the gas...

(Reuters) - Crude oil prices fell on Monday on expectations of increasing supply, while higher energy costs and rising COVID-19 cases are also seen weighing on demand. Brent crude futures fell 63 cents, or 0.8%, to $81.54 a barrel, as...