News

Guyana’s First Lady Arya Ali toured the country’s largest shore base facility servicing the offshore exploration and production operations on Friday, where she discussed matters related to the environment and employment. In recognizing the pivotal role the country’s oil and...

The Energy Chamber of Trinidad and Tobago said in an update on Friday that Italian-based multinational oil company, ENI has been given the green light from the United States to offload crude oil from the Nabarima FSO, without breaking...

Guyana’s Minister of Natural Resources, Vickram Bharrat, told a team of investors from Dubai during a recent meeting that significant business opportunities exist across several sectors, including areas outside of oil and gas. The Natural Resources Ministry said Saturday that...

The increase in the estimated gross discovered recoverable resources at the prolific Stabroek Block offshore Guyana places the South American country at the top of the list for the largest new conventional liquids play in the world over the...

Even as the global pandemic continues to cast a shadow on the oil and gas industry, its unprecedented effects have not eclipsed the attractiveness of Guyana’s world-class oil finds.  In fact, it has served to highlight how advantaged the...

French oil company Total is looking to pursue further investment opportunities in Guyana with special interest in the areas of low carbon and renewable energy. President and Chief Executive Officer (CEO) Jean-Michel Lavergne, and Oliver Wattez, Guyana Branch General Manager...

Even as it reported a third-quarter loss of $680 million on Friday following its largest-ever loss of $1.1 billion in Q2 2020, ExxonMobil Corporation said it sees the global oil market as being in the ‘early stages of recovery’...

The preservation of Guyana’s forests and adherence to the country’s Low Carbon Development Strategy (LCDS) in order to combat climate change and lower carbon emissions is a critical objective of the the new oil producing country. On Thursday, President Irfaan...

Gross production from the Liza Phase 1 Development at the Stabroek Block offshore Guyana has been averaging 105,000 barrels of oil per day in the last few weeks with a full ramp up in output expected by December. This is...

Six years after giving up its stake in the Stabroek Block offshore Guyana where operator ExxonMobil went on to make the first world class Liza discovery just months later, Shell is now looking to strike it big on the...