News

U.S. oilfield services company Schlumberger reported on Friday that it started the second half of 2021 with strong results, delivering another quarter of sequential revenue growth, a fifth consecutive quarter of margin expansion, and a solid free cash flow...

S&P Global and IHS Markit say they have received a conditional Phase 1 approval for their $44 billion merger from the European Commission (EC), marking another significant step toward the combination of these highly complementary companies. "The European Commission's decision...

Guyana’s Natural Resources Minister, Vickram Bharrat, says in the next four to five years Guyana would be well on its way to becoming the “mini-Dubai” of the Caribbean as it will have four oil ships providing considerable production volumes...

(Reuters) - Oil traded just below multi-year highs on Friday with bullish sentiment about low supplies tamped by concerns from world leaders that demand disruptions from the COVID-19 pandemic may not be over. Brent crude futures rose 92 cents, or...

ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) will make a Final Investment Decision (FID) on its fourth project to be developed at the Stabroek Block, at Yellowtail, pending government and environmental approvals. Initial estimates have so far indicated...

TGS, a global provider of energy data and intelligence, in a consortium with CGG and BGP announced on Wednesday the signature of a multi-client agreement with Staatsolie, the state-owned company leading the development of the energy industry in the...

When local and foreign businesses form partnerships to tap into opportunities in the oil and gas sector in Guyana, the Guyanese partner should not just be a majority-owner of the business for it to be considered ‘local’ but should...

By Christopher M. Matthews, Emily Glazer - The Wall Street Journal (Fox Business) Exxon Mobil Corp.’s XOM 0.55% remade board of directors is debating whether to continue with several major oil and gas projects as the company reconsiders its investment strategy in a...

As the Georgetown Chamber of Commerce and Industry (GCCI) awaits the implementation of a Local Content Policy and legislation as promised by the government, the organisation is lobbying for the establishment of a Local Content Commission to ensure that...

President of Guyana, Dr Irfaan Ali, today met with Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs of the United Arab Emirates, to advance closer relations between the two countries and to discuss key areas of technical...