News

US oil major ExxonMobil is rapidly developing vast oil reserves discovered off the Guyana coast in what analysts say are ideal conditions for a solid return on investment that will result in massive revenue for the company and its...

Guyana’s President David Granger has been given the greenlight to travel home after receiving treatment over the past 3 weeks for Non-Hodgkin Lymphoma in the Caribbean island of Cuba. The Guyana Embassy in Cuba said in a statement on Monday...

Venezuela, Trinidad and Tobago and oil majors Chevron and Shell appear to be making progress on two separate projects that would develop and supply offshore natural gas, Argus said in a report on Monday. Venezuelan gas supply is critical for Trinidad,...

Guyana has submitted its Memorial on Jurisdiction in the case brought against the Bolivarian Republic of Venezuela to confirm, in a final and binding judgment, the full legal validity of the arbitral award that established the international boundary between...

The agency that regulates offshore safety in Newfoundland and Labrador says all offshore oil rigs in the province's waters have been temporarily shut down. The Canada-Newfoundland and Labrador Offshore Petroleum Board says in a statement on its website that operations...

Guyana’s Foreign Affairs Minister Carl Greenidge has described as significant, the decision taken by the United States of America to stand behind Guyana on the controversy with neighbouring Venezuela. At a farewell reception for US Ambassador Perry Holloway on Friday...

(Reuters) - Oil prices rose by around 1 percent on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC as well as perhaps Russia to cut supply toward year-end. Front-month Brent crude oil futures were at...

The Natural Resources Fund – Guyana’s version of a Sovereign Wealth Fund – could bring immense benefits to the country in the management of its oil revenue but the Natural Resources Governance Institute (NRGI) is warning that a poorly...

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,...