Shell Global has made great strides in its energy transition strategy; a major plus as the company mulls re-entry into Guyana, the world’s newest oil producer and a known carbon sink.  In its 2022 report, Shell said it managed to...

With 85% of its territory covered in dense forests that remove about 154 million tons of CO2e every year, Guyana is automatically catapulted to where most of the world hopes to be by 2050, says Vice President, Dr. Bharrat...

By Cristina Caus - OilNOW Last month, Guyana gathered leaders for a four-day international energy conference to discuss how the oil & gas sector can harness the country’s development. Given the current global energy context, sustainability was the hot-button topic...

Noble Corporation said its 2022 revenues for the year ended December 31, 2022 amounted to US$1.4 billion, with the King of the pile being its Guyana operations at US$469 million. Guyana, therefore, accounts for a third of Noble’s 2022...

Hess Corporation, a 30% stakeholder in Guyana's Stabroek Block, has assured the market that the co-venturers stand ready to comply with the relinquishment provisions in the 2016 Production Sharing Agreement (PSA). The company also told shareholders that the 20%...

A recent report for one of ExxonMobil’s proposed well-campaigns for the Stabroek Block has placed the spotlight on the key reason behind the nation’s dwindling fish stock. Though there are concerns that the oil industry is a contributing factor,...

When it comes to the question of energy security with the Caribbean Community (CARICOM), Former Science Adviser with the Caribbean Climate Change Centre, Dr. Ulric Trotz, believes it would be better to pursue a ‘PetroCARICOM’ agreement rather than a...

By Dr. Lorraine Sobers - OilNOW John Hess, CEO of Hess Corporation, speaking at the recently concluded International Energy Conference and Expo Guyana, explained to the audience that “Carbon credits provide financial incentives to preserve forests and biodiversity that are...

ExxonMobil has submitted an extensive Cumulative Impact Assessment (CIA) to cover its planned 35-well drill campaign in the 6.6 million acres Stabroek Block. The document outlines that Exxon’s proposed campaign aims to discover new and re-evaluate existing recoverable hydrocarbons from...

Brazil’s Ministry of Mines and Energy froze the state-controlled Petrobras’ sale of assets as the new Lula administration looks to implement a new energy policy. Petrobras reported the suspension from the Ministry last 90 days, while a reassessment of the...