CGX Energy and partner Frontera plugged just over US$50 million dollars more into the exploration campaign conducted at the Kawa-1 well on the Corentyne Block, than was initially estimated. The partners said on Wednesday that the final cost of...
The latest report of the Intergovernmental Panel on Climate Change (IPCC), one of the key organs of the United Nations, issues more alarming evidence that climate impacts are on course to reach catastrophic levels if crucial actions are not...
ExxonMobil Guyana has replanted the mangrove vegetation cleared at the Ogle foreshore, East Coast Demerara for the landing of its fibre optic cable which will service its offshore facilities.
The exercise was overseen by officials from the National Agricultural Research...
(S&P Global Platts) Crude oil futures traded higher in mid-morning Asian trade March 4, after Russia attacked Ukraine's largest nuclear plant in Zaporozhe, raising the risk for more sanctions against Russia.
At 11:45 am Singapore time (0345 GMT), the May...
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...
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...
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...
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...
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...
(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...
