News

New oil producer Guyana continues to take precautionary measures at offshore installations in response to the global pandemic which has seen tankers lifting the Liza crude being required to arrive well ahead of time for each lift, in keeping...

Since starting operations in Guyana in May 2018, Italian multinational oilfield services company Saipem has established a country office with 80 percent of its workforce now being Guyanese. Saipem has been awarded contracts by ExxonMobil for the Engineering, Procuring, Construction...

The United States Energy Information Administration (EIA) said its latest analysis has found that debt levels among Exploration and Production (E&P) companies spiked during the second quarter of 2020 illustrating the immediate impact of reduced oil demand and prices...

In light of the fact that nearly US$20 trillion or 25% of global Gross Domestic Product (GDP), is earmarked for responding to the effects of the pandemic over the next 12-18 months and not climate change, it is highly...

Several Guyanese women who have participated in the Global Women in Management (GWIM) training programme, funded by the ExxonMobil Foundation, have taken the lessons learned back into their communities across the new oil producing South American country. ExxonMobil Guyana said...

(Bloomberg) --Exxon Mobil has narrowed the list of bidders for its oil-producing offshore assets in Malaysia that could potentially raise $2 billion to $3 billion in a sale, according to people with knowledge of the matter. U.K.-listed EnQuest Plc and...

(Bloomberg) --Just a week after revealing its plan to turn itself into a clean-energy giant, BP Plc watched its share price drop to a 25-year low.        Chief Executive Officer Bernard Looney and his new management team gave more than 10...

Over the past few months, some of the world’s largest oil and gas companies have disclosed plans to make a considerable shift towards renewables, a path that has been resisted for years due to the sheer unattractiveness of the...

When it comes to his company's perception of the macro-environment for oil , Hess Corporation’s Chief Executive Officer (CEO), John Hess, recently informed the market that it predicts global demand strengthening by three million barrels of oil per day...

The Guyana government is close to granting approval for ExxonMobil’s 3rd development at the Stabroek Block, which will pave the way for a Final Investment Decision for the 220,000 barrels of oil per day project. “The Attorney General is currently engaging...