News

Trinidad and Tobago is scheduled to sign a new agreement with oil and gas giant Shell next week. According to a report in Loop, Prime Minister Dr Keith Rowley will lead a Government delegation which will include Ministers from the Ministry...

Officials of Mitsubishi Corporation met with business representatives in Guyana on Thursday to discuss the final report of the Oil and Gas Master Plan for Guyana (OGMP), a collaborative effort between the Guyana government and Japan. The group met with...

CNOOC Limited announced on Thursday that the Appomattox Field in the US Gulf of Mexico has safely commenced production ahead of schedule. The company said in a press release that the Appomattox Field is located approximately 128 kilometers southeast of...

(Bloomberg) - Oil spiraled to its worst daily performance of the year as mounting trade tensions between the world’s biggest economies sent investors fleeing from risky assets. Futures in New York fell almost 6% on Thursday for the steepest decline...

With the South American country of Guyana just months away from first oil and possible early election, the main opposition party says it would like to see measures being put in place to ensure the country’s emerging petroleum sector...

Guyana’s State Asset Recovery Agency (SARA) is not yet providing any information on a Bloomberg report published on Wednesday in which the head of the agency is quoted as saying a probe is underway regarding the award of offshore...

When ExxonMobil and its joint venture partners in the Stabroek Block offshore Guyana HESS and CNOOC Nexen announced the Tilapia discovery, it was a special moment for young Guyanese geoscientist Ashlika Persaud. Not only did she work with the team...

Repsol SA and UK based Ineos Group Holdings are showing interest in US oil major ExxonMobil’s selling off of oilfields in the Gulf of Mexico. According to a Bloomberg article, the assets could be worth as much as $1.5 billion....

The annual growth rate in the global offshore oilfield services market will likely be halved after 2022, according to Rystad Energy. The independent energy research and consultancy firm headquartered in Norway with offices across the globe forecasts that the service...

Villagers in Waramuri community located in the South American country of Guyana, will benefit from a newly refurbished recreational ground as a result of a partnership between the Silver Sands Sports Club and ExxonMobil Guyana. The facility, located in Region...