Schlumberger, Aker Solutions and Subsea 7 announced on Tuesday the launch of a new start-up venture meant to drive innovation and efficiency in subsea production by helping customers unlock reserves and reduce cycle time. Schlumberger, in the announcement, outlined that...

Eco (Atlantic) Oil & Gas says it remains optimistic about the development potential of the Jethro-1 heavy oil discovery made in 2019 at the Orinduik Block offshore Guyana. The company plans to provide further information on plans and timing...

The UK imported no crude oil or refined products from Russia in June for the first time on record, according to UK trade data. S&P Global Platts said in an August 24 article that this follows phased sanctions on...

Windfall taxes have been introduced in some nations as a knee-jerk reaction to the global energy crisis to help ease the pockets of consumers paying the highest prices in decades for electricity, gasoline, and travel. Country’s such as Canada and the...

The Orinduik Block partners are expected to relinquish 20% of the acreage as the first renewal period of the license draws to a close, taking approximately 360 square kilometers (km2) off the 1,800 km2 block. Eco (Atlantic), a partner in...

ExxonMobil Guyana wrapped up a two-day emergency response training exercise at the Marriott Hotel on Wednesday, to fortify the company’s strategies for incidents that could pose a threat to safety and the environment. The exercise is being conducted in cooperation...

By Terrence Blackman, PhD and Utamu Bell – OilNOW Episode III of Transforming Guyana, The Guyana Business Journal and Caribbean Policy Consortium Webinar Series, examined how Guyana can leverage oil and gas revenues to produce a world-class twenty-first-century education system...

Guyana’s President, Dr. Mohamed Irfaan Ali visited the Liza Unity floating production storage and offloading (FPSO) vessel on Tuesday where he toured the facility and met with the crew. He told Guyanese workers onboard the country’s largest capacity FPSO to...

Guyana’s Vice President Dr. Bharrat Jagdeo said on Friday that Guyana needs 10 oil-producing vessels to keep the economic momentum for government’s development agenda. He made the comment in defense of the incentives given to the Stabroek Block partners –...

Brazil’s state-owned Petrobras has kickstarted the non-binding phase in its bid to sell three of its refineries and associated logistical assets. Petrobras announced on Monday that it began notifying potential buyers that they have been approved to participate and submit...