News

(The Washington Post) The stench of gasoline burned through Verónica Barboza’s nose as she stood by the edge of Lake Maracaibo, one of the largest lakes in South America, on a recent afternoon. The soles of her shoes, she said,...

The Government of Guyana is lining up renewable energy projects to complement its planned gas-to-energy initiative in line with its plans to diversify and clean up the country’s energy mix. One of the latest of these is a hydropower...

The massive Stabroek Block offshore Guyana along with the adjacent Canje and Kaieteur Blocks could deliver around 15 billion barrels of oil equivalent as more exploration campaigns get underway in the coming months. “Production of crude oil over the whole...

Guyana’s much-anticipated local content legislation appears is close to fruition with an announcement by Senior Petroleum Coordinator at the Ministry of Natural Resources, Bobby Gossai Jr., that a Local Content Bill will be heading to the National Assembly when...

In order to limit global temperature to 1.5 Degrees Celsius, G20 countries, including China and the USA, must back their climate change pledges with firm action says UN Secretary General, Antonio Guterres. During the final official ministerial meeting that was...

Suriname, Guyana's neighbour to the east, is looking to draft its local content policy by early 2022. Disclosing this was the country’s Minister of Natural Resources, David Abiamofo during his keynote address at the Suriname International Petroleum and Gas...

(Reuters) - In Nigeria, a country heavily reliant on revenues from its oil exports, entrepreneur Ifedolapo Runsewe has identified another type of black gold: used car tyres. She has set up Freetown Waste Management Recycle, an industrial plant dedicated to...

Big international oil companies such as ExxonMobil, BP and Equinor opted not to participate in Brazil’s 17th bid round as the global pandemic rages on and the energy transition curbs investor enthusiasm. Brazil sold just five of the 92 blocks...

The Guyana government said on Thursday the latest oil discovery announced by ExxonMobil at the Cataback-1 well further enhances the country’s offshore potential, and that it is working to ensure Guyanese enjoy maximum benefits from the rapidly growing hydrocarbon...

ExxonMobil announced on Thursday a new discovery at the Cataback-1 well and increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately 10 billion oil-equivalent barrels. Cataback-1 brings the total significant discoveries to more...