News

ExxonMobil will be hiring Guyanese to work on the construction of the gas-to-energy project which is expected to take off next year once the relevant approvals are granted by the Environmental Protection Agency (EPA) and Guyana government. The company has...

A state-of-the-art Subsea Fiber Optic Solution technology which ExxonMobil has selected for its third major deepwater project offshore Guyana is the largest the industry has seen to date. This is according to TechnipFMC, who along with Halliburton, introduced the...

(S&P Global Platts)  Crude production by private operators in Mexico reached a new record in June as state oil company Pemex struggles to stop the decline of its own output, official data shows. Independent exploration and production companies increased their...

Guyana’s Minister within the Ministry of Public Works, Deodat Indar, said on Thursday the 75% cost recovery ceiling for operations at the Stabroek Block provides local suppliers with an opportunity to maximise benefits from the rapidly expanding exploration and...

Guyana’s Natural Resources Minister, Vickram Bharrat says he is convinced that ExxonMobil is desirous of being a good environmental steward and that the company is making “genuine efforts” to address challenges it has been facing with the gas compressor...

Caribbean Clothing Limited is a full-service garment manufacturer in Georgetown, Guyana. When the COVID-19 pandemic hit the South American country, and the world grappled with the economic and social effects, the company was forced to cut its workforce and...

The companies that were successful in the recently concluded Suriname bid round are now to submit their exploration work programme the head of state oil company, Staatsolie Maatschappij Suriname N.V. told OilNOW. Chevron Exploration Suriname Limited and a consortium consisting of...

The topsides lifting campaign for the Liza Unity FPSO was completed in March 2021 with over 26,000 tons of topsides lifted in position since the vessel came out of dry-dock in October of last year. Both Keppel and Dyna-Mac...

(S&P Global Platts) Continued signs of global economic recovery from the coronavirus pandemic should prompt further demand growth for oil and natural gas, not only for second-half 2021 but for 2022, big oil services provider Baker Hughes' top executive...

Halliburton Company announced on Tuesday that its second quarter (Q2) revenue increased 7% sequentially as both North America and international markets continued to improve, and operating income grew 17% with solid margin performance in both divisions. The company recorded net income of $227 million...