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IEA’s call for no new oil investments not prescriptive, says Guyana’s Vice President

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Even though the International Energy Agency (IEA)’s bombshell report advised that no new investments are needed in fossil fuels if the world is to reach net-zero by 2050, Guyana’s Vice President, Dr. Bharrat Jagdeo is urging stakeholders to remember...
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Woods, seven others reelected as ExxonMobil Directors, activist hedge fund gains seats

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ExxonMobil Corporation yesterday disclosed that its shareholders re-elected eight of its members to the Board of Directors along with two fresh faces put forward by Engine No. 1, a small hedge fund that owns 0.02 percent of the oil...
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Dutch court orders Shell to cut emissions faster in landmark ruling

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(Bloomberg) --Royal Dutch Shell Plc was ordered by a Dutch court to slash its emissions harder and faster than planned, dealing a blow to the oil giant that could have far reaching consequences for the rest of the global...
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Government considering using percentage of oil revenue to reduce electricity cost – Ali says in Independence Day message

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For almost all of Guyana’s existence as an independent nation, oil was non-existent in the national discourse and played no role in advancing the country’s economic development. Guyana depended primarily on its agriculture exports such as rice and sugar,...
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Message from Guyana’s President on the occasion of the country’s 55th Independence Anniversary

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Address by His Excellency Dr Mohamed Irfaan Ali President of the Co-operative Republic of Guyana on the occasion of Guyana’s 55th Independence Anniversary Honourable Prime Minister, Madam Chancellor of the Judiciary, Former Presidents, Ministers of Government, Heads of Service, Members...
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Nigeria state oil firm renews oil lease with Shell, Total, Exxon, Eni

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(Reuters) - The Nigerian National Petroleum Corp renewed Oil Mining Lease 118 with the local subsidiaries of Shell, Total, Exxon and Eni for another 20 years, the West African country’s state oil firm said in a statement on Tuesday. The...
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AAPG, SPE exploring merger to create ‘energy professionals’ organization for the future’

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The American Association of Petroleum Geologists (AAPG) and the Society of Petroleum Engineers (SPE) announced Tuesday that they are exploring the benefits and opportunities of a merger that would create the ‘energy professionals' organization for the future’. With unanimous consent...
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Asset sales, maintenance in T&T and elsewhere will see BP output dropping this quarter

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In a group results statement for Q1 2021, BP said second quarter production will be even lower than the first quarter in both its conventional operations and newly created 'gas and low carbon' unit. This is due to a...
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Guyana ranks first for total resources discovered since 2015, Suriname takes giant leap

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Guyana has emerged as the world’s most exciting new oil province since a major offshore discovery in 2015 placed the country in the spotlight. The more than 18 discoveries made since that time at the prolific Stabroek Block have...
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Halliburton confirms it’s on track for close to 100% local services in Guyana by year-end

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Halliburton has confirmed that by the end of this year close to 100% of its services will come from Guyana where it has been operating since 2015. The Oil field service company has been steadily expanding its activities in...
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MODEC to introduce new offshore training programme in Guyana 

MODEC is expected to unveil a new training programme to bolster Guyana’s existing offshore capabilities, Country Manager Rafeal Fumis...

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