News

When world leaders gathered in New York for the UN General Assembly last month, the news headlines focused on the impassioned speech by Greta Thunberg, the 16-year-old Swedish activist who has galvanised young people’s climate change protests around the world. From...

US crude exports could grow from current levels of 2.9 million barrels per day (bpd) to nearly 6 million bpd by 2022, according to a new forecast from Rystad Energy. With US production expected to increase by 1.2 million bpd...

ExxonMobil said on Monday it has signed agreements with the Indian Institute of Technology locations in Madras and Bombay, further expanding its extensive portfolio of research collaboration with India’s universities. The five-year agreements focus on progressing research in biofuels and...

Since Guyana gained its independence in 1966, the country’s chief economic assets have been its natural resources, mainly its pristine rainforests, sugarcane plantations, rice fields, and bauxite and gold reserves. But despite exploitation of these resources over the decades, the country has...

From the Dutch-speaking shores of Suriname to the island nations in the Caribbean Sea, mega oil discoveries in Guyana is fueling renewed hope for crude across the region. Norway-based Rystad Energy says the industry has high hopes after the prolific...

Following the report of a possible distress flare on the night of Sunday, October 6, the CROSS French West Indies-Guyana (Regional Operational Centre for Surveillance and Rescue) dispatched 4 ships to search the area, with the support of an...

The South American country of Guyana is one of several prospective locations French oil major Total is targeting for the addition of new reserves to its portfolio. Industry analyst Wood Mackenzie says the company’s portfolio is diversified across different resource...

Companies in Guyana’s emerging oil and gas sector have contributed over GY$500 million to the National Insurance Scheme (NIS) – a social security organization - for the first half of 2019. This is according to General Manager Holly Greaves, who...

Speaking after Brazil's Licensing Round 16 on Thursday, Juliana Miguez, from Wood Mackenzie’s Latin America upstream, said the round has set a record – the BRL 8.9 billion (US$2.2 billion) - in signature bonuses, the highest yet for a...

Dutch floater specialist SBM Offshore could be close to an agreement with Chinese yard China Merchant Heavy Industry (CMHI) for construction of another new hull for a floating production, storage and offloading vessel (FPSO) under its Fast4Ward® design, according...