News

Argentina’s Vaca Muerta shale play, having registered strong growth in oil and gas production and well activity levels in recent months, has emerged as the world’s fastest growing major shale basin, a Rystad Energy report shows. A record number...

Guyanese private sector body, the Georgetown Chamber of Commerce and Industry (GCCI) on Friday renewed its call for the government to table legislation covering local content but stressed for this to be done before the end of 2021. In a...

Bristow Group Inc. has appointed Courtney Byrne as the Area Manager for its Guyana operations. In this position, Bristow said Byrne will work closely with its customers and across the company "to deliver world-class service as we grow the...

Deeper potential for hydrocarbons in multiple zones offshore Guyana at the giant Stabroek Block will continue to come under the drilling bit this year and into 2022 as the search for more oil intensifies in the South American country....

Several local companies which have acquired the necessary capabilities through training and obtained the relevant health and safety certifications are still facing a proverbial brick wall when trying to access oil sector contracts. The hurdle that now stands in...

(Reuters) - Oil fell to around $78 a barrel on Friday on the prospect that OPEC+ producers might step up a planned increase in output to ease supply concerns, although crude remained in sight of a three-year high reached...

Oil major ExxonMobil has so far sanctioned development of about 560,000 bpd of oil production capacity off the coast of Guyana. The commissioned capacity is expected to grow to more than 900,000 bpd in the next five years then...

Gas flaring – the combustion of unwanted natural gas produced during oil recovery – is causing many oil-producing countries to lose up to $82 billion a year, priced at record spot prices in Europe in August 2021, according to...

CNOOC Limited, a 25% stakeholder in Guyana’s Stabroek Block, announced on Thursday that it has made a large-sized oil discovery at the Kenli 10-2 oilfield located in Laizhou Bay Sag in Southern Bohai Bay at an average water depth...

The Extractive Industries Transparency Initiative (EITI) has observed a growing global commitment towards beneficial ownership transparency. The international watchdog said earlier this month that over 110 countries have now committed to the publication of beneficial ownership information for companies across...