News

Of 11 bids submitted to build and operate a modular oil refinery in Guyana, the government is now in possession of a list of five qualifiers, according to a Ministry of Finance 2023 Mid-Year report. “These contenders are now ranked,...

Amidst Guyana's promising economic trajectory from newfound offshore oil resources, the opposition has made its stance clear: "Poverty in this environment is totally unacceptable," declared Elson Low, the Economic Policy Advisor to the opposition. What’s their solution? A minimum livable...

Bp has announced the immediate resignation of Bernard Looney as Chief Executive Officer (CEO). The company's Chief Financial Officer (CFO), Murray Auchincloss, will take on the role of CEO on an interim basis. Looney's departure follows a series of allegations...

Oil nations Qatar and Guyana strengthened relations with the signing of new agreements overseen by the Emir, Sheikh Tamim bin Hamad Al-Thani, and President Dr. Mohamed Irfaan Ali on Sept. 12.  This is the Emir’s first visit to Guyana. It...

The Guyana Amazon Warriors (GAW) were deemed the talismans for their home country's rise on the global scene by ExxonMobil Guyana Limited President, Alistair Routledge as he announced the company's full sponsorship for the 2023 team.  "We are so excited...

With the Guyana government accelerating the implementation of several reform programmes alongside the unparalleled expansion of the oil sector, the International Monetary Fund (IMF) finds that the country will continue to see very rapid growth. In fact, the financial...

Labour has become scarce in Guyana, because of its oil boom. So much so that international oil companies are being forced to import what they need because simply put, the capacity does not exist in the new oil-producing nation. To...

Hess Corporation’s Chief Executive Officer (CEO), John Hess has lauded the Guyana government’s decision to approve a request for a one-year extension to explore the Stabroek Block, thereby providing enough room to execute a healthy inventory of drilling prospects.  Hess...

ExxonMobil’s 12-well Canje Block campaign is set to begin in the second quarter of 2024, according to a Cumulative Impact Assessment (CIA) for the project.  The 1,700+ page document is available for public comments until early November.  If discoveries are made,...

ExxonMobil is exploring different facility options for the exportation of gas from Guyana. Alistair Routledge, ExxonMobil Guyana President, discussed Guyana's potential as a deepwater oil producer during an August interview with S&P Global in London. Guyana has been in the...