LONDON--(BUSINESS WIRE)--Hunting PLC (LSE:HTG), the global engineering group, today issues a trading update, ahead of its Half Year Results to be released on Thursday 24 August 2023. Highlights H1 2023 trading has been ahead of management’s expectations driven by strength across...

By Christina Caus - OilNOW In the midst of the oil and gas euphoria, the world’s fastest-growing economy—Guyana, is facing a challenge, a human resources shortage. With an average projected growth of around 25.8% between 2022 and 2024, which translates...

Guyana is now an impressive oil and gas destination with proven reserves of more than 11 billion oil-equivalent barrels in the Stabroek Block. Through the operations of an ExxonMobil-led consortium, the country will become one of the world’s largest...

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO:6594; OTC US:NJDCY) (the “Company” or “Nidec”) today announced that it has acquired full ownership of TAR, LLC d/b/a Houma Armature Works, a privately- owned US company (“Houma”), from its founding family, through the Company’s...

South American neighbours Guyana and Brazil are the driving force behind 30% of global subsea tree installations all the way up to 2030, according to Rystad Energy projections.  The Norway-based firmt said investments in offshore services are expected to balloon...

Guyana's Ministry of Natural Resources said in a statement on Wednesday that further evaluation will determine the potential commercial viability of the Wei-1 discovery in the Corentyne Block. While CGX Energy Incorporated and Frontera Energy Corporation have made significant...

Capricorn Energy PLC, an oil and gas exploration company, has announced its decision to divest its Suriname asset as it shifts its focus towards Egypt.  Capricorn currently operates Block 61, located in the Guyana-Suriname basin, where significant discoveries have been...

Guyana Vice President Dr. Bharrat Jagdeo recently explained that the government does not want oil companies to sit on blocks for years without executing their work commitments. This has informed proposed changes to the country’s oil law.  Among the mechanisms...

Guyana's Opposition Leader, Aubrey Norton on Monday expressed disappointment with the newly released Petroleum Activities Bill, stating that it fails to incorporate the lessons learned from challenges faced by the country's oil and gas industry in recent years. The...

By Dr. Lorraine Sobers - OilNOW Guyana has launched into the energy sector at an historic time as the world begins the energy transition away from predominant fossil fuels to increasing renewable energy use. Starting in 2015, the country rapidly...