China’s national offshore oil and gas company CNOOC Ltd. said on Thursday its oil and gas sales revenue in the first quarter of this year surged by 21%. The Company achieved a total net production of 137.7 million barrels...
Norway-based consultancy group Rystad Energy says the adoption of electrification in transport and other oil-dependent sectors is accelerating and is set to chip away at oil sooner and faster than in its previous forecast. As a result of this...
The base-case subsea tree demand for the 2021-24 period is now forecast at approximately 1050 units representing an upward revision of 60 units compared to a March outlook by consultancy group Westwood Energy.
“The increase is due to ExxonMobil’s commitment...
The benefits and implications of landing a gas pipeline onshore from the Liza Phase 1 Development continue to engage the public’s attention in Guyana with the government projecting massive savings from a reduction in the cost of power, while...
Leader of the Opposition in Guyana, Joseph Harmon, has written to President of Esso Exploration and Production Guyana Ltd. (EEPGL), Alistair Routledge, seeking a meeting to address matters related to the challenges the company has been facing with the...
ExxonMobil is continuing its drilling operations offshore Guyana at the Turbot-2 prospect in the Stabroek Block and at Bulletwood-1 in the adjacent Canje acreage.
The recently arrived Noble Sam Croft is undertaking exploration drilling activities at Turbot-2 located approximately 103...
Producing oil in Guyana cost less than almost anywhere else in the world and this makes the South American country an extremely attractive investment destination for deepwater explorers. Many factors play a role in the production cost for a...
Italian multinational oilfield services company Saipem said Tuesday it has received confirmation from Qatargas for the exercise of two options for additional scope of work within the North Field Production Sustainability Offshore Project, the award of which was communicated...
Ivelaw Lloyd Griffith, former Vice Chancellor of the University of Guyana and Senior Associate with the Center for Strategic and International Studies says a great deal is riding on the outcome of the border controversy between Guyana and Venezuela,...
The University of Guyana (UG) on Saturday launched its Zoom Rooms project which it says lays down the first building blocks for its blended-learning architecture. The project is part of a gift under the ExxonMobil and Stabroek Block co-venturers...
