News

(Bloomberg) - Tullow Oil will reduce its headcount in Kenya by about 40% as part of a company-wide restructuring following poor performances at its Africa and Guyana operations. About 35 workers will become redundant, Tullow Kenya Managing Director Martin Mbogo...

In January 2020 Mr Hamley Case, former Guyana High Commissioner to the UK, Non-Resident Ambassador to France and to Russia, joined the Board of ABIS Energy (Guyana) Inc., a consultancy and investment firm with a focus on oil and...

As oilfield services and drilling technology giant Halliburton continues to increase its workforce for its Guyana operations, it has advertised for a number of technical positions including accountant, mechanic/technician, demand planner and forklift driver. The vacancies were published online by...

The International Court of Justice (ICJ), the principal judicial organ of the United Nations, said Thursday it will hold public hearings in the case concerning the Arbitral Award of October 3, 1899 (Guyana v. Venezuela), from Monday 23 to...

(Bloomberg) Global commodity trade plunged deeper into chaos as Chinese companies started walking away from purchase contracts because of the spread of the deadly coronavirus. A Chinese buyer of liquefied natural gas and a copper importer declared what’s known as...

Dr. Valerie Marcel, a researcher at think tank Chatham House, has criticized the recently published Global Witness report on Guyana’s oil agreement with ExxonMobil. In a series of tweets on Wednesday, Dr Marcel, who was part of a Chatham House...

The Guyana Extractive Industries Transparency Initiative (GYEITI) will soon be receiving information regarding Guyana’s first trades in oil now that the country has commenced production. The local EITI chapter, headed by Dr Rudy Jadoopat, held a meeting with the Department...

(Zacks) Petrobras PBR and minority partner Chevron CVX announced plans to sell their stakes in the Papa-terra deep-water oilfield located in Brazil’s Campos Basin. Per Petrobras, the plan is in sync with its strategy to cut costs and improve capital...

Italian firm Saipem has signed a Memorandum of Understanding (MoU) with Gulf Petrochemical Industries Company (GPIC), a joint venture equally owned by the National Oil and Gas Holding Company in the Kingdom of Bahrain, SABIC Agri-nutrient Investments in the...

The first tanker has sailed and Guyana is now among the oil producing countries of the world. Annual revenue is set to move from around US$300 million in the first years to US$10 billion per annum by 2030. “The economic...