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BP share price drops to 25-year low a week after it revealed plans to pursue clean energy

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(Bloomberg) --Just a week after revealing its plan to turn itself into a clean-energy giant, BP Plc watched its share price drop to a 25-year low.        Chief Executive Officer Bernard Looney and his new management team gave more than 10...
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Guyana stands to gain despite notable shifts in global market – API’s Chief Economist

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Over the past few months, some of the world’s largest oil and gas companies have disclosed plans to make a considerable shift towards renewables, a path that has been resisted for years due to the sheer unattractiveness of the...
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Hess sees global demand strengthening by 3 million barrels of oil per day

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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...
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Approval for Payara Development imminent

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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...
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Global oil demand returning – says ConocoPhillips executive

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(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...
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Seadrill targeted in operation carwash probe

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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,...
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Over 1,000 surveys conducted with Guyanese companies to guide capacity building activities for oil and gas

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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...
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Guyana can become world supplier of natural gas – Bobby Gossai Jr.

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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...
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Guyana remains confident in ICJ, committed to international law – President Ali tells UN General Assembly

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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...
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Iranian super tanker ‘horse’ set to violate U.S. sanctions again by shipping Venezuela crude

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(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,...
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Guyana oil production could edge closer to one million barrels per day by year-end

ExxonMobil Guyana expects production from the Stabroek Block to climb sharply before the end of 2025, driven by the...

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