LATEST ARTICLES

Guyana set to earn close to 1 million US dollars per day from profit...

At the current market price for oil, which hovers around US$50 per barrel, Guyana will earn around 855,000 US dollars from the first day...

Head of Exxon briefs Guyana President on first oil preparations

President of ExxonMobil Corporation, Stephen Greenlee says the company is pleased with its level of investment in Guyana and its working relationship with the South American...

Belize halts oil purchases from Venezuela’s PDVSA

Belize Energy Limited (Apbel) will not purchase any oil derived product within Petrocaribe’s framework. The company made this announcement on September 17, after alleging...

Caribbean oil terminals make preparations ahead of Hurricane Maria

(Reuters) - Several Caribbean oil storage terminals that temporarily closed ahead of Hurricane Irma earlier this month have started making preparations in case they...

Guyana’s push to ease power generation deficiency with natural gas production gains momentum

Guyana’s push for the production of Liquefied Natural Gas and its use to alleviate a decades-old power generation deficiency in the South American country...

Business summit slated or September 25-26 to focus on transformation of economy

The Caribbean-Central American Action (CCAA) and the Inter-American Development Bank (IDB) will be hosting a business summit in Guyana in collaboration with a number...

China says foreign oil & gas investors welcomed

(China Daily) China welcomes foreign oil and gas companies to continue investing in the country as the undergoing oil and gas industry reform is...

Global energy consumption to increase by 28% – EIA

World energy consumption is projected to increase by 28% between 2015 and 2040 according to the US Energy Information Administration. In figures published last...

16 more Guyanese undergo training for offshore jobs

Sixteen more Guyanese are undergoing training for job opportunities offshore, this time as part of the Edison Chouest supply vessel fleet. Manpower provider, El Dorado...

Tullow says not much opportunity for local content in exploration phase

Country Representative of Tullow Oil in Guyana, Joachim Vogt, says not much opportunity exist for local content in the exploration phase of offshore operations. Vogt...