News

(S&P Global Platts) Brazilian independent oil and natural gas producer Enauta restarted a single production well at the offshore Atlanta Field, pumping about 10,400 b/d as expected, the company said Feb. 22. The 7-ATL-4HB-RJS well was restarted after swapping out...

American multinational investment bank and financial services company Goldman Sachs in a new forecast expects Brent oil prices to reach $70 per barrel in the second quarter (Q2) of this year, up from the $60 it had previously predicted, and...

The errors made by Trinidad and Tobago and Venezuela in the management of their hydrocarbon resources must be a warning to Guyana that if similar decisions are made, the failure of the economy is almost guaranteed. Guyana’s Minister of Natural...

Suriname, through its state oil company, Staatsolie, pushed to increase its participation in offshore exploration and production activities following a string of massive oil finds made by its CARICOM sister, Guyana, since 2015. This was noted by Staatsolie's Managing...

(Reuters) Oil prices rose on Monday as the slow return of U.S. crude output that was cut by frigid conditions raised concerns about supply just as demand is coming back from the depths of the coronavirus pandemic. Brent crude was...

The inaugural Guyana Energy Conference and Exhibition (GEC-X ’21) will be officially launched on Monday, February 22, at the Pegasus Hotel in the country’s capital, Georgetown. The conference is being organized by the Georgetown Chamber of Commerce and Industry...

Guyana Logistics and Support Services Inc. (GLASS) has become the latest Guyanese company to achieve certification for ISO 9001:2015 International Standard. The adoption of a quality management system is a strategic decision for an organization that can help to improve its...

ExxonMobil Guyana said in an operations update on Saturday that a detailed assessment has found that an axial vibration of the flash gas compressor rotor was the initiating event that led to the technical issue experienced on January 27...

The International Energy Agency (IEA) has joined the US Energy Information Administration in lowering its estimates for oil supply recovery following the global pandemic that has destroyed demand and brought oil prices to their lowest in decades, last year. The...

ExxonMobil Guyana continues to support the development of Science, Technology, Engineering and Mathematics (STEM) education in Guyana, as well as students’ access to learning, in these challenging times. The company recently supported a STEM Robotics training for children with...