Showing results for:

Middle East Industrial Automation Market Report 2023: Growing Adaptation of Technology and Increasing Penetration of Robotics Manufacturing Bodes Well for the Sector – Forecasts...

DUBLIN--(BUSINESS WIRE)--The "Middle East Industrial Automation Market | Trends, Value, Revenue, Outlook, Forecast, Size, Analysis, Growth, Industry, Share, Segmentation & COVID-19 IMPACT: Market Forecast By Products, By Technologies, By Applications, By Countries and Competitive Landscape" report has been added...

PHOTOS: CGX forging ahead with work on Berbice Deep Water Port

Work on CGX Energy’s Berbice Deep Water Port is progressing, as the company aims to have it partially operational by the fourth quarter. It is being built on 30 acres of land adjacent to and north of Crab Island...

Exxon must meet obligations, but we refuse to damage Guyana’s investment climate – Jagdeo

Vice President of Guyana, Dr. Bharrat Jagdeo said that it is important for ExxonMobil to meet its obligations in the unlikely event of a spill offshore. However, he argued government will not support a process that damages the country’s...

Few oil execs would want to take on unlimited financial risk, expert says

The recent ruling handed down by a Guyana Court Judge regarding ExxonMobil Guyana's insurance obligations for its operations offshore the South American country is engaging the attention of a number of stakeholders and experts in the oil and gas...

Exxon local workforce grows as Guyana investments skyrocket

ExxonMobil Guyana and its contractors have demonstrated strong achievement on the local content front, investing over GY$80 billion (US$400 million) with more than 1,500 Guyanese businesses in 2022 alone. Since the initial discovery in 2015, their total expenditure with...

Equinor opens Njord field after NOK 31 billion in upgrades

Norway has officially reopened the Njord oil field in the Norwegian Sea, marking a significant milestone in the country's energy industry. The platform and floating storage and offloading vessel (FSO) have undergone extensive upgrades. Minister of Petroleum and Energy, Terje...

Trailstone Enters Nordic Power Market

Tech-enabled risk management, asset optimization and trading services now available for renewable assets in Norway, Sweden, Denmark and FinlandLONDON--(BUSINESS WIRE)--Trailstone Group, a global energy and technology company, announced today that it has begun offering renewable energy risk management, asset...

FPSOs’ Role In Raising Guyana’s Position In The Market: What Does This Mean For Production and Revenues?

By Cristina Caus - OilNOW On April 11, 2023, the floating production, storage and offloading vessel (FPSO) Prosperity arrived in Guyana and joined the other two FPSOs, Liza Destiny and Liza Unity. This became the third FPSO vessel that has...

Is Exxon’s profit waning? Here’s what analysts are saying

Oil majors raked in big bucks in 2022. It was a great year for oil and gas profits. ExxonMobil Corp made a whopping US$55.7 billion in earnings for the full year, up from US$23 billion in 2021 – a US$32.7...

Yellowtail Development Fact Sheet

Next up on ExxonMobil’s Stabroek Block development list is Yellowtail - one of the largest ever sanctioned. Coming in at US$10 billion, the project is running ahead of schedule; with the production vessel 45% complete and preparatory works progressing...

Latest News

Guyana has ‘clout’ at OTC 2026 as private sector delegation nears 100 businesses

Guyana is entering the Offshore Technology Conference 2026 with growing international attention, as the country’s private sector points to...