News

(Reuters) - Exxon Mobil on Tuesday launched the sale of shale gas properties stretching across 27,000 acres in the Appalachian basin of Ohio, the company confirmed, part of an ongoing divestiture of U.S. assets. The top U.S. oil producer is marketing...

For a country with no known oil resources just over six years ago, Guyana has emerged as a growing giant in the deepwater arena, catapulting to number 17 on the top 20 list of countries by oil reserves and...

Guyana’s Senior Finance Minister, Dr. Ashni Singh on Tuesday met with visiting Commonwealth Secretary-General, Patricia Scotland QC and her delegation at the Ministry of Finance in Georgetown where the two officials discussed the important role Guyana can play on...

(Reuters) - Oil prices hit two-month highs on Wednesday on tight supply and easing concerns about the potential hit to demand from the Omicron coronavirus variant. Federal Reserve Chairman Jerome Powell said on Tuesday the economy of the United States,...

Italian multinational oilfield services company Saipem will begin initial engineering and procurement activities for ExxonMobil’s Yellowtail Development Project pending final approval from Guyanese authorities. The contract, awarded by ExxonMobil Guyana, relates to the Engineering, Procurement, Construction, and Installation (EPCI) of...

South American oil giant, Brazil, and Guyana, the world's hottest exploration hotspot with an incredible string of discoveries in the Stabroek Block, are poised to deepen their bilateral relations. Towards this end, Guyana's President, Dr. Irfaan Ali held a teleconference...

Carbon capture and storage, (CCS) clean hydrogen and floating offshore wind are all low-carbon technologies that are on the cusp of mass commercialisation and where the oil and gas sector could achieve leadership and massive scale. Keen to ensure...

Consultancy group Wood Mackenzie says the oil and gas sector will continue to rebound this year, with operator spend expected to surpass US$400 billion and higher prices driving another year of record cash flow. Global supply chain disruption, labour...

The recent discoveries announced by ExxonMobil off the Guyana coast confirm the significant resource potential that exists at deeper targets on the 6.6 million acres Stabroek Block. The Fangtooth and Lau Lau wells delivered a cumulative 479 feet of high-quality...

Brazil's state-run oil company Petrobras will begin exploration this year at a resource-rich region along the country’s northern coast that falls in the same geologic trend containing the massive offshore discoveries made in neighboring Guyana. According to Petrobras reservoir executive...