News

When it comes to his company's perception of the macro-environment for oil , Hess Corporation’s Chief Executive Officer (CEO), John Hess, recently informed the market that it predicts global demand strengthening by three million barrels of oil per day...

The Guyana government is close to granting approval for ExxonMobil’s 3rd development at the Stabroek Block, which will pave the way for a Final Investment Decision for the 220,000 barrels of oil per day project. “The Attorney General is currently engaging...

(Reuters) - U.S. oil producer ConocoPhillips sees global demand returning to 100 million barrels per day and growing from there, a senior executive said on Thursday. The view stands in contrast to rival BP Plc, which sees the coronavirus pandemic...

Offshore drilling company, Seadrill Ltd., has been targeted in the ongoing criminal investigation by the Federal Police of Brazil – Operation Car Wash - which began in March 2014. Seadrill confirmed on Wednesday that its subsidiary Seadrill Serviços de Petroleo,...

The Center for Local Business Development (CLBD) is continuing its push to improve the capabilities of Guyanese companies to tap into opportunities in the emerging oil and gas sector. A study has been conducted in this regard, which is...

Guyana can become a world supplier of Liquified Natural Gas (LNG) in the coming years, given the vast hydrocarbon resources found offshore the South American country and the growing demand for gas, as economies wean themselves off of fossil...

In his inaugural address to the United Nations General Assembly on Wednesday, September 23, Guyana’s President, Dr. Irfaan Ali, affirmed the South American nation’s confidence in the International Court of Justice (ICJ) as the country remains engaged in the...

(Bloomberg) --After defying U.S. sanctions by shipping a cargo of oil condensate to Venezuela just last week, Iran is using the same ship to help the Latin American country export its crude. The Iran-flagged supertanker Honey, also known as Horse,...

(Bloomberg) -Exxon Mobil’s UK North Sea assets have attracted suitors from state-owned companies to private equity-backed firms as the U.S. oil giant seeks to exit the aging region altogether, according to people with knowledge of the matter. China Petroleum &...

MatPal Marine Institute, the only maritime institution in Guyana, is equipping hundreds of Guyanese with internationally recognized and accredited certifications for employment in the country’s oil-rich waters offshore. “MatPal Marine Institute is a female-owned maritime institution,” said CEO, Coleen Abrams....