News

ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) disclosed that it has undertaken additional studies to obtain an even more comprehensive understanding of potential project discharges on Guyana’s environment. In its application to the Environmental Protection Agency (EPA) for environmental...

Canadian oil explorer and producer, Frontera Energy Corporation has disclosed that it recorded net income of CA$102.2 million or CA$1.08/share in the first quarter of 2022, compared with net income of CA$629.4 million or CA$6.60/share in the prior quarter...

The Presidents of two star oil producers in South America - Brazil and Guyana - met in Georgetown on Friday to discuss how they may strengthen relations. Energy, being a going concern for both countries, was high on the...

The Federative Republic of Brazil is preparing to increase its oil production by 300,000 barrels per day (bpd), a nearly 10% hike from its current approximate output of 3 million bpd, according to Americas Market Intelligence (AMI). Energy Co-Director at...

(Reuters) - JP Morgan on Wednesday lowered its outlook for global oil demand for 2022 by one million barrels per day (bpd) citing higher oil prices, a deteriorating growth outlook and escalating geopolitical tensions. "We now see total oil demand...

A Memorandum of Understanding (MoU) signed between Texan company, Excalibar Minerals LLC and Guyana’s Ithaca Energy Partners Inc. (IEP) will soon see the establishment of a barium manufacturing facility in the South American country to service the oil and gas sector. The MoU was signed...

The upcoming Gas-to-Energy pipeline, which ExxonMobil Guyana will construct starting this year, will have a series of security measures including a fibre optic cable. In a project summary submitted to Guyana’s Environmental Protection Agency (EPA), ExxonMobil said the fibre optic cable...

While participating at the Offshore Technology Conference (OTC) in Houston on Wednesday, May 4, Guyana’s Private Sector Commission (PSC) and the United States Bilateral Chamber of Commerce agreed by way of a Memorandum of Understanding (MoU) to advance trade...

Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard), has been awarded contracts worth around $250 million (Singapore dollars) from repeat customers for the integration of two Floating Production Storage and Offloading...

Trinuyana Investments Inc., which represents a consortium of Guyanese and Trinidadian investors, has signed a contract with China Habour Engineering Company (CHEC) Ltd. for the construction of a US$50M Marriott AC Hotel. The construction is slated to begin on...