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The oil reserves discovered in the 6.6 million acres Stabroek Block located 120 miles of the Guyana coast will help to supply the world’s growing energy needs. The magnitude of the discoveries made so far by US oil major...

TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) has signed a Surface Technologies Frame Agreement with Chevron. This 5-year agreement covers the exclusive supply of surface wellhead equipment and service in the United States and Canada. Richard Alabaster, President of TechnipFMC’s Surface Technologies business, said,...

Eco Atlantic Oil & Gas Ltd (CVE:EOG) insider Alan Rootenberg sold 16,500 shares of the company’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of C$0.85, for a total transaction of C$14,025.00. Shares...

US oil major ExxonMobil is pulling out all stops on its Guyana development in what industry analyst Wood Mackenzie says is a ramp-up faster than anything ever achieved in the industry with potential to exceed 1 million barrels per...

Guyana’s President David Granger is currently being treated in Cuba for Non-Hodgkin Lymphoma, a statement released by the South American country’s Embassy in Cuba said on Wednesday evening. Mr Granger, who has direct responsibility for petroleum in Guyana, arrived in...

(Bloomberg) Canada’s oil sector is divided over whether to force a temporary cut to production, with some major producers pushing the controversial idea in a bid to ease a supply glut and halt a steep plunge in prices, according...

(Bloomberg) Chevron Corp. and Exxon Mobil Corp. are among the companies considering first-round bids this month for closely held oil producer Endeavor Energy Resources LP, according to people with knowledge of the matter. The two oil majors may be joined...

The lawyers representing Guyana in the case against Venezuela before the International Court of Justice have prepared the memorial and are ready to make their submission on November 19. This was confirmed by Guyana’s Foreign Affairs Minister Carl Greenidge who...

As the Government of Guyana continues to look at ways to garner cheaper energy from oil and gas finds offshore, the Department of Energy is undertaking a feasibility study. Dr. Mark Bynoe, Director of the Department of Energy, on Thursday...

As the South American country of Guyana prepares to join the league of petroleum producing nations, American multinational investment bank, Goldman Sachs, says an oil shortage is coming over the next decade because firms cannot fully invest in future...