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Guyana to sign onto OPEC fund

OilNOW -
Guyana will soon be signing onto the Organization of the Petroleum Exporting Countries (OPEC) Fund for International Development (OFID). The country’s Finance Minister, Winston Jordan, will be travelling to OPEC’s Headquarters in Vienna, Austria, on July 14 to sign the agreement....
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ExxonMobil, Guyana officials bid farewell to local “trail blazers” off to work on Stena drill ship

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In what is being described as a “historic moment” in Guyana’s emerging oil and gas industry, officials from both the country’s government and US super-major, ExxonMobil, bid farewell on Thursday morning to the first batch of Guyanese that will be...
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Rising OPEC exports, strong US dollar send crude down slightly after prolonged gains

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(Reuters) Oil prices fell more than 1% on Wednesday, ending their longest bull-run in more than five years, as climbing OPEC exports and a stronger dollar turned sentiment more bearish. Benchmark Brent crude futures were down 57 cents, or 1.2%,...
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11 Guyanese to work offshore on Stena Carron drill ship

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Eleven Guyanese have been selected to work offshore on the Stena Carron drillship which is currently conducting exploration work at the Payara 2 well in the Stabroek Block offshore Guyana, for US super-major, ExxonMobil. The candidates selected were recruited...
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Bristow cuts jobs due to oil & gas downturn

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Bristow Helicopters Limited is slashing more jobs as a result of “continued challenges” caused by the downturn of the oil and gas industry. Up to 15 Bristow Helicopters employees will be made redundant at bases in Aberdeen and Surrey,...
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Guyana private sector adopts unified approach for oil & gas preparations

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A new approach adopted by groups representing Guyana’s business community coupled with recent statements from a key government official, have served to renew optimism at the level of the country’s private sector, in its approach to preparations for first...
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Countrywide outreach on transparency in the extractive industry planned in Guyana

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The Guyana Extractive Industries Transparency Initiative (GYEITI) will be conducting a series of meetings across the country this month aimed at providing the public with information about EITI and how its implementation can benefit the South American country. With oil...
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Iran, Total sign historic gas deal

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(Offshore Engineer) Iran signed a new contract to develop its South Pars gas field - the largest gas field in the world - with France's Total and China's CNPC on Monday. The move will be the first major Western energy...
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Guyanese abroad with knowledge in oil & gas urged to return home

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The Government of Guyana is appealing to Guyanese living abroad with knowledge and expertise in the oil and gas industry, to return home. Guyana’s Minister of Natural Resources, Raphael Trotman, said these persons are greatly needed to share their expertise in...
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Tullow cuts debt, raises profit under new CEO

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(Reuters) Tullow Oil reduced debt in the first-half of 2017 and reported a rise in gross profit under its new CEO, Paul McDade, but a recent drop in oil prices means the company’s bottom line remains under threat. Tullow has...
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CNOOC’s record production in Guyana boosts strong Q3 results

CNOOC Limited announced its highest-ever net production and net profit for the third quarter of 2024, crediting increased output...

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