Warnings about a looming oil and gas supply gap continue to increase with a new report pointing out that the oil and gas industry will have to overcome its pandemic-induced retrenchment and boost investment by at least 25% annually...
European Union Ambassador to Guyana Mr. Fernando Ponz Canto has joined the call for the South American country to diversify the economy and ensure that it does not become reliant on just the oil and gas sector.
He made these...
Disagreements over how far and fast Royal Dutch Shell should shift towards renewables have seen several clean energy executives part ways with the company, the Financial Times said in an article on Tuesday.
Shell has said it is investing more in...
Global oil reserves are not being replenished with enough conventional resources for future demand of oil and gas and this is set to create a major shortfall through 2050 despite lower future demand due to the coronavirus pandemic and...
With Guyana lacking the capacity to adequately respond to large oil spills--that is, Tier Two and Tier Three spills--local companies have been playing an important role in oil spill response preparedness efforts.
The National Oil Spill Contingency Plan indicates that...
New oil producer Guyana has signed a historic deal with neighbouring Suriname that will allow for easier travel between the two countries.
The agreement was signed on Monday in the Savannah Suite of the Pegasus Hotel in Georgetown, Guyana’s Capital...
The blacklisting of state-run upstream company China National Offshore Oil Corporation by the US government on December 3 has raised the stakes for China's oil and gas companies amid worsening trade and diplomatic relations between the two countries, S&P...
With Guyana now being an oil producing nation that currently has one operational field within the multi-billion barrel Stabroek Block as well as two other slated to begin production by 2025, the country has placed keen focus on oil...
New oil producer Guyana is on an unprecedented growth trajectory that will see a rapid increase in aggregate demand for goods and services in the economy this decade which means the South American country must ensure it has the...
Westmount Energy Limited, a junior oil and gas company with investor interest in the highly prospective Canje and Kaieteur blocks offshore Guyana, began cross-trading on the OTCQB market in New York on Tuesday under the ticker symbol WMELF.
OTCQB is...
