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Liza Permit to follow Yellowtail Standard – EPA Head

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Executive Director of the Environmental Protection Agency (EPA), Kemraj Parsram has confirmed that the Liza Phase 1 Permit which comes to an end on May 31, 2022, with another to be issued by June 1, 2022 with a five-year...
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Oil on track for eighth straight day of gains

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Crude oil futures were higher on Monday, with the ICE Brent crude marker on track for an eighth straight day of gains. Reuters said in a report that prices rose to two-month highs on Monday as traders waited to see...
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Shell sanctions new project to boost Australia gas supply

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Shell Australia Pty Ltd (Shell Australia) and its joint venture partner, SGH Energy, have taken a final investment decision to approve the development of the Crux natural gas field, off the coast of Western Australia. Shell said on Monday...
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Guyana receives GY$1.7B in payments for flaring from ExxonMobil

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To date, ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) has flared 17.7B cubic feet of gas via the Liza Destiny floating production, storage and offloading (FPSO) vessel with 1.5B cubic feet flared thus far for 2022. As regards...
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Guyana remains key driver of ExxonMobil’s plans to meet world’s energy needs – CEO Darren Woods

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Chairman and Chief Executive Officer (CEO) of ExxonMobil, Darren Woods has highlighted that the oil giant is on a strong trajectory to meet the future energy demands of the world with Guyana remaining one of the key drivers of...
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NOC can guarantee far greater benefit, value to Guyana – Financial Analyst

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Guyana is exploring the establishment of a national oil company (NOC) to develop its oil and gas resources and some critics have opined that the South American nation should not head down this route. But one local financial analyst is of the view...
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Petrobras shakeup: Bolsonaro axes new CEO less than two months on the job

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Merely 40 days after his appointment as Chief Executive Officer (CEO) of the Brazilian state-owned Petroleo Brasileiro SA (Petrobras), President Jair Bolsonaro has ordered that José Mauro Ferreira Coelho, the man he handpicked, be removed from the post. Coelho is expected to be replaced by...
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Oil and gas industry to earn US$4 trillion in 2022 – IEA

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The International Energy Agency (IEA) has projected that the oil and gas sector will earn US$4 trillion in 2022. In a LinkedIn post, Special Advisor to the IEA’s Executive Director, Alessandro Blassi called the figure extraordinary. He said, “Given rising demand...
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US$950 million gas development project moves forward in Norway

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Equinor announced on Friday that it submitted, along with its Halten East partners, a plan to invest NOK 9 billion (approximately US$950 million) to develop a series of gas and condensate discoveries in an area neighbouring the Åsgard field...
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Proposals for onshore natural gas facilities to be submitted by July – Ali

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The Guyana government is moving full steam ahead with the realisation of its massive Gas-to-Energy project, with the President Dr. Mohamed Irfaan Ali announcing on Wednesday that proposals are expected from the pre-qualified bidders in two months’ time. As the...
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Ali: Fighting transnational crime vital, protecting sovereignty is Guyana’s business

Guyana's President, Dr. Irfaan Ali made it clear today that protecting his country's sovereignty remains a top priority. The...

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