News

Regus, the global leader in serviced offices has opened its first Centre in Guyana. The new Centre is located in the New Trafalgar Building at 165 Waterloo Street, North Cummingburg, Georgetown. The company said Thursday it has built an unparalleled...

By Arthur Deakin Royal Dutch Shell, the third-largest oil company in the world, saw several clean energy executives quit after disagreeing about the speed of the company's energy transition. The Financial Times reported that the departing executives wanted to see...

(Forbes) After announcing discovery after discovery from its massive Stabroek Block offshore the tiny South American nation of Guyana over the past three years, ExxonMobil announced on Friday that it has struck South American oil and gas once again,...

Global oil and gas company TechnipFMC is expanding its operations in Guyana where it has been providing subsea production systems for the offshore developments at the prolific Stabroek block. The company recently published a notice inviting contractors to submit Expression...

After successfully being converted to a hybrid, low-emission rig, Maersk Intrepid has entered operations as the first Maersk Drilling rig to feature this set of upgrades. Maersk Intrepid is currently working for Equinor on the Martin Linge field where...

Hess Corporation has been recognized for climate change stewardship in CDP’s Climate Change Report 2020. CDP is an international non-profit organisation based in the United Kingdom, Germany and the United States of America that helps companies and cities disclose...

(Reuters) - Oil giant Aramco, whose dividend remains vital to helping Saudi Arabia contain a huge deficit, may have to sell assets, and borrow more to fulfil its fiscal role amid uncertainty in oil prices, market specialists said. While Saudi...

Guyana’s President Dr. Irfaan Ali on Tuesday met with three of the South American country’s former Presidents for a wide-ranging discussion on matters of national, regional, and international importance, chief among them being how the nation can maximise benefits...

(GlobalData) The coronavirus pandemic and weak global economic outlook coupled with fragile energy demand has resulted in a decline in oil and gas prices. The all-pervasive nature of these circumstances has also impacted the African midstream sector, forcing several...

Dutch engineering company Fugro has received a contract award from PETRONAS Suriname E&P B.V. (PSEPBV), a subsidiary of PETRONAS, for the provision of positioning services for an exploration programme in Block 52, off the coast of the capital Paramaribo...