News

Guyana has been on the receiving end of unprecedented interest from foreign investors following the discovery of billions of barrels of hydrocarbon resources offshore and the country's entry as a new oil producing nation. This is now seeing a...

The International Energy Agency trimmed its oil demand estimate for 2020 on the resurgence of the coronavirus in the West and said it does not expect vaccines "to ride to the rescue" of the market for "some time", S&P...

Dutch floater specialist SBM Offshore is reporting a 16 percent increase in revenues for Q3 2020 when compared to the same period last year and this is being attributed in part to higher Lease and Operate earnings from the...

Aqueos Corporation and AGT Energy Group Inc., on Wednesday, inked a Memorandum of Understanding (MoU) to provide subsea and other marine services to Guyana’s growing oil and gas sector. Aqueos said in a press release it currently has a five-year...

The Guyana Oil and Gas Virtual Summit, which is slated for December 1-3, 2020 will be placing keen focus on local content and increasing the participation of women in Guyana’s oil and gas sector. Organised by CWC/Global Future Energy Limited...

The Government of Guyana is pursuing the development of a deepwater harbour in the Berbice area to accommodate large vessels and provide the infrastructure needed to support oil and gas operations and the growing business activities in the South...

An expert at Americas Market Intelligence (AMI) says oil firms operating in Guyana and government should meet regularly, in good faith, to discuss constraints facing the companies in the country and develop long-term targets and commitments that go beyond...

The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2020 Virtual – the world's biggest online gathering of oil and gas industry leaders – opened on Tuesday with a bullish forecast for the sector to emerge stronger from the...

Demand destruction wrought by the impacts of the global pandemic is precipitating rapid rationalization in the refining sector as the industry adjusts the level of refining capacity needed compared to what had been expected prior to the pandemic, IHS...

The first exploration well at the Canje block offshore Guyana will be drilled by the end of the year, ExxonMobil has confirmed. The well - Bulletwood-1- has been described by analysts as a ‘Liza look alike’ with a target...