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New East African oil pipeline to drive energy security, job creation benefits

Energy security, job creation, community development and wider socio-economic growth are just some of the benefits set to accrue from the development of the East Africa Crude Pipeline (EACOP) by 2030. The EACOP – also known as the Uganda-Tanzania crude...

Guyana seeking Gas-to-Energy project manager

Guyana’s Ministry of Natural Resources has issued a request for proposals (RFP) for consultancy services related to the historic Gas-to-Energy project. The government needs the consultant to supervise the development of the integrated natural gas liquids (NGL) plant and...

Oil reverse losses amid concerns of tight supply

(Reuters) - Oil prices reversed losses and edged up on Monday as concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Russia outweighed fears of a global recession. Brent crude futures for September rose 55...

Israel shoots down drones heading to Energean’s new FPSO

Three Hezbollah drones that appeared to be heading for Energean’s new FPSO have been shot down by Israeli forces. The FPSO recently arrived in the Mediterranean Sea for operations at the Karish gas field. Just weeks ago, Lebanon warned Israel against...

Guyana, Suriname added over 1.2 billion barrels of discovered resources so far this year

Norway based Rystad Energy says South America looks set to remain a global exploration hot spot for the next two years, driven primarily by activity in Brazil, Guyana, Suriname and Colombia. The region has seen a recovery in activity...

Gas project will cut Guyana’s emissions for power generation in half

Liam Mallon, President of ExxonMobil’s Upstream Company, said Guyana’s landmark Gas-to-Energy project exemplifies ExxonMobil’s commitment to progressing meaningful development in its business, because of the impact it will have on the South American country. “This project will produce half the...

Guyana to resume national mangrove restoration project in low carbon push

Being among the best natural carbon capture agents in the world, mangroves are an invaluable tool for any government in its quest to reduce a country’s carbon footprint. They can store three to four times more carbon than regular...

Nothing in the world more exciting to work on than Guyana’s projects – Exxon Upstream President

President of ExxonMobil Upstream Company, Liam Mallon, speaking at an event at State House in Georgetown on Thursday, said he is extremely proud of the work ExxonMobil has done in Guyana, and extremely hopeful for the future and the...

Exxon searching for companies to construct Guyana’s first-ever oil and gas training institute

ExxonMobil’s affiliate Esso Exploration and Production Guyana Limited (EEPGL), has commenced its procurement process for a contractor to construct the Guyana Technical Training Institute – the nation’s first state-of-the-art oil and gas training facility. In the request for information issued...

New oil bounties in CARICOM warrant revised trade agreement – Economist

Paramaribo, Suriname – Since the development of the CARICOM Single Market and Economy (CMSE) agreement, the Caribbean has changed. Massive oil and gas discoveries have been made. The Revised Treaty of Chaguaramas – the main pact establishing the Caribbean Community...

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IEA forecasts 2026 oil demand to average 1 million b/d below 2025

Global oil demand is recovering from its May low as refined product supplies rebound, but the International Energy Agency...