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Guyanese recruitment firm adopts UN Women’s Empowerment Principles

OilNOW -
Strategic Recruitment Solutions (SRS) has adopted the United Nations Women’s Empowerment Principles (WEPs) as part of its commitment to promoting gender equality and women’s empowerment in the workplace, marketplace and community. CEO of SRS, Kerri Gravesande-Bart, said the company is...
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CGX says final cost of Kawa-1 well is US$141 million, analysis of results still ongoing

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CGX Energy said in a statement released on Wednesday that it has safely completed exploration activities at the Kawa-1 well. The well has now been safely plugged and abandoned and the Maersk Discoverer drilling rig has been released from...
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Norway group warns war in Ukraine could wipe out 1 million barrels per day of oil demand

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War in Ukraine could result in as much as 1 million barrels per day (bpd) of oil demand being removed from the global market, Rystad Energy said in new research released on Wednesday. “The human and material costs of the...
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Limits in insurance policies provided to EPA being incorrectly conflated, Exxon maintains

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ExxonMobil Guyana said Wednesday a document presented to the Environmental Protection Agency (EPA), as referenced by the former Executive Director Dr. Vincent Adams, detailed specific insurance policies for the development of the Liza 1 and 2 projects. This statement follows...
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Exxon confirms 1.2 million barrels per day capacity for Guyana by 2027

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U.S. oil major ExxonMobil confirmed on Wednesday that a major ramp up offshore Guyana will see the company having the capacity to produce as much as 1.2 million barrels of oil per day by 2027. "Clearly our objective is to...
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Oil climbs to record $113/barrel as supply disruptions mount

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(Reuters) - Oil prices surged on Wednesday as supply disruptions mounted following sanctions on Russian banks amid the intensifying Ukraine conflict, while traders scrambled to seek alternative oil sources in an already tight market. Brent crude futures rose by nearly...
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IDB to approve US$83.5M for Guyana to diversify energy mix with mega solar farms

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Notwithstanding Guyana’s evolving trillion-dollar oil and gas sector, the government is intent on demonstrating its commitment to the development of a cleaner, greener, and more diversified energy matrix. Towards this end, the Inter-American Development Bank (IDB) is currently in...
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ExxonMobil Guyana tests spill response readiness

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ExxonMobil Guyana disclosed on Tuesday that it recently conducted an exercise to field test spill response equipment, processes, and team readiness. It said this exercise was intended to ensure readiness to respond in the unlikely event of an offshore...
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Exxon scaling back offshore operations in Russia

OilNOW -
ExxonMobil is scaling back its operations on its flagship offshore development project in Russia's Sakhalin Island region in response to the fallout from the crisis in Ukraine, Upstream reported on Tuesday, citing information on the Sakhalin Online news website. A consortium source...
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Shell joins other oil majors in exit of Russian joint ventures

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Shell International BV (Shell), one of the largest oil companies in the world, on Monday announced that it intends to join other oil majors in exiting equity partnerships held in Russia in response to the barbaric invasion of Ukraine. Shell...
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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