News

(Reuters) Oil rose on Tuesday to hit $70 a barrel for the first time since March, as expectations of demand recovery following reopenings of the European and U.S. economies offset concern over spreading coronavirus cases in Asia. The British economy...

Exploration drilling in the Canje Block offshore Guyana will be key to determining if the upper-cretaceous play can be extended in a basin where over 9 billion barrels of oil equivalent have been found in the adjacent Stabroek Block...

TechnipFMC announced Monday that it has been awarded a significant Engineering, Procurement, Construction and Installation (EPCI) contract from Ithaca Energy (UK) Limited for the Captain Enhanced Oil Recovery (EOR) Project in the UK North Sea. TechnipFMC will design, manufacture, deliver and...

When ExxonMobil’s Yellowtail Development Project at the Stabroek Block comes on stream in 2025, Guyana will be producing over 800,000 barrels of oil per day. One analyst who has been following the Guyana oil story closely says this is...

ExxonMobil is unbeaten globally when it comes to its involvement in carbon capture and storage (CCS), a process that mitigates the onset of global warming by reducing the volume of harmful gas emitted into the atmosphere. The company says its...

Hess Corporation's most impressive asset remains the 30% stake it has in the Stabroek Block offshore Guyana where over 9 billion barrels of oil equivalent resources have been found since 2015. The first 4 developments – Liza Phase 1, 2,...

ExxonMobil’s ongoing partnership with the Iwokrama International Centre for Rainforest Conservation and Development (Iwokrama) in Guyana continues to grow in support of forest conservation efforts, and more recently, the implementation of measures in response to the COVID-19 pandemic. Since its...

The World Wildlife Fund (WWF) is calling for a full environmental and social assessment of Guyana’s oil and gas development, warning that dire consequences could be met if the South American country fails to take such steps. “Having taken note...

Saipem has postponed the opening of its state-of-the-art offshore construction facility in Guyana this month after essential staff were exposed to COVID-19. The event was scheduled to take place at the company’s Water St. Georgetown location on May 22. The Italian...

The Centre for Local Business Development will this year be focusing on the improvement of the technical capacity of local businesses, and their plans are being supported by ExxonMobil’s Greater Guyana Initiative—a US$100 million commitment to capacity building by...