News

Norway-based Rystad Energy said in a report on Thursday that the FPSO market is booming this year, with more contracts awarded in the second quarter of 2021 than during the full year 2020. The consultancy group expects FPSO awards...

(S&P Global Platts) Crude oil futures were steady during mid-morning trade in Asia July 2 as the market awaited clarity on OPEC+'s production plans for August onwards, after the producer group failed to reach consensus at a fractious July...

Guyana’s Minister of Parliamentary Affairs and Governance, Gail Teixeira recently asserted that the government is committed to ensuring all citizens benefit from the proceeds of oil. She made the comment in a video address following statements made by two...

Guyana is lifting another tanker load of oil this week, representing the country’s share of production from the Liza Phase 1 Development. This comes at a time when Brent is trading around $75 a barrel, the highest it has...

The Environmental Protection Agency (EPA) has granted ExxonMobil Guyana another allowance to flare above pilot levels at its Liza Phase 1 operations. Sharing these details is ExxonMobil Guyana’s Public and Government Affairs Advisor, Janelle Persaud. In an interview with OilNOW...

Guyana and its sister Caribbean country, Trinidad & Tobago are set to establish a Working Group on energy, investment, trade and cooperation through mechanisms such as the Framework Agreement on the Deepening of Bilateral Cooperation and the Memorandum of...

Qatar Petroleum, one of the latest oil and gas companies to take up acreage in the Guyana-Suriname Basin, will spend $200 million on emissions reduction technology for its North Field LNG expansion project off the north-east shore of the...

ExxonMobil Guyana said on Wednesday that the upgraded and repaired discharge silencer of the third stage flash gas compressor and a new venturi were safely installed on the Liza Destiny FPSO. The first phase of testing was also successfully...

(Reuters) - Indian Oil Corp., the country's top refiner, has made its first purchase of Guyana's Liza light sweet crude as it seeks to diversify its crude purchases, a source familiar with matter said. The 1-million-barrel cargo will set sail...

Guyana-based consultancy firm Environmental Management Consultants Inc. (EMC) and Acorn International, LLC, a US-based international firm focused on environmental and social risk and logistics management for industries and investors worldwide, have established a partnership to offer an integrated package of...