Expectations run high worldwide on key meeting of world’s largest party

As the 19th National Congress of the Communist Party of China (CPC) kicked off Wednesday, it has drawn great attention and expectations from across...

Iran oil minister urges Trump to let US oil firms in

(AP) Iran’s oil minister says President Donald Trump should allow American oil firms to do business in the Islamic Republic. Bijan Zanganeh’s comments on Tuesday...

Exxon begins production of 650,000 tons-per-year polyethylene lines

ExxonMobil Chemical Company announced Tuesday that it has commenced production on the first of two new 650,000 tons-per-year high-performance polyethylene lines at its plastics plant...

Trotman for Petroleum meeting in Suriname

Guyana’s Minister of Natural Resources, Raphael Trotman, will be participating in the New Petroleum Producers Discussion Group’s annual meeting, which is taking place in...

Search suspended for missing worker after oil rig explosion in Louisiana

(ABC) The search for a missing Louisiana worker was suspended Monday evening after he was unaccounted for following an explosion on a large oil...

China’s sovereign wealth fund hits 900 billion USD

(Xinhua) Total assets of China Investment Corporation (CIC), the country's sovereign wealth fund (SWF), surpassed 900 billion U.S. dollars as of August. The figure is...

Gov’t, Opposition must work together to develop plan or country will...

Guyanese Attorney-at-Law, Nigel Hughes, is urging the Government of Guyana and the Parliamentary Opposition to begin working together for the establishment of a long-term...

Cultural impact of oil & gas

For centuries, the productive pillars of the Guyana economy have been agriculture, fishing, mining and forestry. Then, in recent decades, we saw efforts at...

Oil rig explodes in Louisiana Lake Pontchartrain critically injuring 5

(NBC News) An oil rig exploded on a Louisiana lake Sunday night, injuring seven people, five of them critically, while another person remained unaccounted,...

Iraq-Kurdistan conflict drives up oil prices

(Financial Times) Crude oil was the standout mover on early Monday trading as conflict between Iraqi and Kurdish forces broke out south of the...

Train the trainers worked for gold, it can work for oil...

Former Human Resource Manager of the now defunct Omai Gold Mines Limited, Norman McLean, believes that an effective approach for the delivery of local...

Tullow Oil signs exploration contracts offshore Ivory Coast

(Reuters) Tullow Oil has signed four production-sharing contracts in Ivory Coast with an initial investment of $21 million, an Ivorian government spokesman said on...

Australia, Timor Leste draw up maritime borders draft treaty to bring...

(SBS) Australia and Timor Leste have drawn up a draft treaty setting out their maritime borders, aiming to end a bitter dispute over lucrative...

Robust internet security vital for protection of sensitive data – ICANN

A secure, stable and reliable internet network is important for any country that wants to develop a framework for efficient handling of data across...

Petroleum summit pushed to February 2018

The inaugural Guyana International Petroleum Business Summit & Exhibition (GIPEX 2018) will now be held on February 7-9, 2018. The summit, originally scheduled for...

Guyana oil reserves hover around 3 billion barrels with more discoveries...

With no proven oil reserves just over two and a half years ago, Guyana now has approximately 3 billion barrels of recoverable oil and...

Trotman, Jadoopat invited to EITI International Board meeting in Philippines

Guyana’s Minister of Natural Resources Raphael Trotman and National Coordinator of the Guyana Extractive Industries Transparency Initiative (GYEITI) Dr. Rudy Jadoopat have been invited...

US$1.5M financing secured for completion of Guyana’s Green State Development Strategy...

The Ministry of the Presidency in Guyana has secured US$1.5 Million (GY$ 300 Million) to finance the development of the Green State Development Strategy...

Supermajor Chevron eyeing Guyana prospects

US supermajor Chevron is looking to participate in offshore activities in Guyana, making it the third oil major that views the South American country...

All eyes on Suriname as success offshore Guyana raises prospects for...

A fifth oil discovery announced last week by ExxonMobil off the Guyana coast has further increased expectations that similar play could be expected in...