The United States Energy Information Administration (EIA) said its latest analysis has found that debt levels among Exploration and Production (E&P) companies spiked during the second quarter of 2020 illustrating the immediate impact of reduced oil demand and prices...

(Bloomberg) --Exxon Mobil has narrowed the list of bidders for its oil-producing offshore assets in Malaysia that could potentially raise $2 billion to $3 billion in a sale, according to people with knowledge of the matter. U.K.-listed EnQuest Plc and...

(Bloomberg) --Just a week after revealing its plan to turn itself into a clean-energy giant, BP Plc watched its share price drop to a 25-year low.        Chief Executive Officer Bernard Looney and his new management team gave more than 10...

MatPal Marine Institute, the only maritime institution in Guyana, is equipping hundreds of Guyanese with internationally recognized and accredited certifications for employment in the country’s oil-rich waters offshore. “MatPal Marine Institute is a female-owned maritime institution,” said CEO, Coleen Abrams....

While oil production in Trinidad and Tobago has been on the decline since the 1980’s, two current events could potentially change the game in the Caribbean oil producing nation, according to the Energy Chamber of Trinidad and Tobago. In a...

Global oil and gas project sanctioning is set to recover and exceed pre-Covid-19 levels from 2022, with Guyana playing a key role in pushing the industry back to gains for projects set to be approved this year, according to...

The possibility of Guyana having petroleum stemmed from observations of petroliferous occurrences recorded by Dutch explorers since the 1750s, but it was not until 1916 that the first significant effort to locate petroleum was undertaken. "In the 1700s several inconsequential...

Even as governments and international oil companies pursue efforts to reduce carbon emissions on a global scale in the move towards renewable sources of energy, the Liza Phase 1 and 2 developments offshore Guyana are expected to remain highly...

During his meeting with U.S. Secretary of State, Michael R. Pompeo, Guyana’s President, Dr. Mohamed Irfaan Ali, said that he did not engage in any discussion surrounding ExxonMobil. The President said that as it relates to Guyana’s oil and gas sector,...

The enormous challenges triggered by the COVID-19 pandemic this year have caused major disruptions to the global oil and gas industry resulting in thousands of lay-offs, multiple shut-ins and mounting uncertainties about the future of petroleum exploration and production....