News

(Bloomberg) -- The President of OPEC reiterated that the oil producers’ cartel shouldn’t rush to increase output early next year and said energy demand was still fragile with the coronavirus raging across parts of the world. Algeria’s Energy Minister Abdelmajid...

Of the 200 offshore oil and gas projects that are currently in the planning stage, around 120 of these are based on floating production storage and offloading (FPSO) systems and one expert believes that none of them will move...

ExxonMobil said on Monday it plans to further reduce greenhouse gas emissions over the next five years to support the goals of the Paris Agreement and anticipates meeting year-end 2020 reductions. The measures being implemented will see the elimination of routine flaring...

The International Energy Agency (IEA) on Tuesday warned that the roll-out of the coronavirus vaccine will not have an immediate impact on the destruction on global demand for oil. “The understandable euphoria around the start of vaccination programmes partly explains...

Strategic Recruitment Solutions Inc (SRSGY) a Guyanese company focused on providing Human Resource Management and Payroll Solutions, today announced it has earned ISO 9001:2015 certification for its quality management system. ISO 9001:2015 is a globally recognized quality management standard developed...

CNOOC Limited announced Monday that Penglai 25-6 oilfield area 3 project has commenced production ahead of schedule. The Penglai 25-6 oilfield area 3 project is located in the south central Bohai Sea, with average water depth of about 27 meters. In...

While the emphasis on degrees in engineering and geosciences is necessary as Guyana seeks to build capacity for the oil and gas sector, there will be a growing need for technical and other skills which one official with experience...

(Reuters) - Kuwait’s emir on Monday approved a new cabinet that included new ministers of oil and finance for the OPEC member state which is mired in its worst economic crisis in decades. The previous government had resigned following parliamentary...

The unprecedented oil exploration success in Guyana is raising hopes for countries throughout the region and this is seeing a renewed emphasis being placed on the search for black gold. An independent evaluation of Prospective Resources offshore Jamaica prepared by Gaffney...

Staatsolie Maatschappij Suriname N.V., Suriname’s state oil company, is celebrating its 40th Anniversary in a year that has seen almost 70 years of oil exploration culminating with four major deepwater oil discoveries and the opening of the offshore potential...