The global demand for oil is expected to remain over 100 million barrels per day according to Saudi Aramco CEO Amin Nasser, signaling good news for new producers such as Guyana.
“There is good penetration from renewables and electric cars...
A three-day summit focusing on the role of women in Guyana’s emerging oil and gas sector is set to take place in June at the Guyana Marriott Hotel, under the theme: First Oil, First Step Focusing on Women.
The event,...
(Reuters) Crude prices sank more than 2% on Friday and Brent logged its biggest weekly decline in more than a year as concerns that a coronavirus will spread farther in China, the world’s second-largest oil consumer, curbing travel and...
Bristow Group Inc. and Era Group Inc. (NYSE:ERA) announced Friday that they entered into a definitive agreement to combine the two companies in an all-stock transaction, creating a financially stronger company with enhanced size and diversification.
The combined company, which...
(Bloomberg) Brazil, which became a net oil exporter last year, wants to expand its footprint in global energy markets without joining OPEC.
The South American nation expects to be among the top-five energy exporters by 2030, and is tapping private...
With several billion barrels of oil equivalent already discovered and the potential for more being found remaining high, developing the resources at optimum pace will ensure highest returns for the South American country of Guyana and the Stabroek Block...
(Offshore Technology) Indian Prime Minister Narendra Modi’s Union Cabinet has approved a memorandum of understanding (MoU) on co-operation in the oil and gas sector.
As part of the MoU, the two countries will focus on exploration and production (E&P) and...
In its 2020-2024 Floating Production Systems Outlook Report, Energy Maritime Associates (EMA), analyzed the activity in 2019, recent industry trends and conducted a sentiment survey to develop a forecast for all types of Floating Production Systems including FPSO, FLNG,...
Guyana’s government next month plans to begin a search for an oil company or trading firm to market its share of the South American country’s crude, the Director of the Department of Energy, Mark Bynoe, told Reuters in a...
(Forbes) As the tiny nation of Guyana sends off its first tanker full of crude, the world welcomes a newcomer to the ranks of high volume oil producers.
With fresh discoveries this month off small nearby countries, this small stretch...