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Georgetown, Guyana
Wednesday, July 17, 2019

LATEST ARTICLES

IEA sees oil market oversupplied in 2019 on U.S. production

(Reuters) - Surging U.S. oil output will outpace sluggish global demand and lead to a large stock build around the world in the next...

Massive discovered resource opportunities on offer in Brazil 2019 pre-salt bid rounds

The forthcoming three-round licensing bonanza of Brazil’s pre-salt acreage includes four massive discovered resource opportunities (DROs) sandwiched between two high-profile exploration rounds.  Timing for...

ExxonMobil partners with University of Guyana for roll-out of ‘clean energy’ machine

The University of Guyana’s (UG) Faculty of Agriculture on Monday commissioned a gasifier machine that will have the capacity to produce 10-12kWatts of clean...

One oil major walked away, 20 companies said no to Guyana exploration

The financial risk was high and the prospects of finding oil off the Guyana coast was low in the lead-up to the 2015 drill...

Orinduik explorers targeting 220 million barrels of oil at Jethro-Lobe

Explorers in the 1800km2 Orinduik Block, situated in shallow water (70 – 1,400m), 170 km offshore Guyana, are targeting around 220 million barrels of oil...

China will determine the future of Venezuela

(Al Jazeera) On January 23, when US-backed opposition leader Juan Guaido declared himself interim president of Venezuela, he thought deposing President Nicolas Maduro from...

SBM signs letter of intent to lease and operate FPSO Mero 2 in Brazil

SBM Offshore has signed a Letter of Intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 22.5 years lease and operate of FPSO Mero...

Two years on: Exxon business centre on a mission to make access to training...

The Centre for Local Business Development (CLBD), which was established back in July 2017 to help build the capacity of Guyanese businesses to better...

The development of a Guyanese energy spot market

There is prima facie evidence to suggest that a utility company is characterised by allocative inefficiency in its charging policies. However, improvement depends less...

Caracas threatens to seize Chevron oil assets

Venezuela is threatening to nationalize Chevron's oil assets if Washington declines to extend a sanctions waiver that expires on 27 July, reports independent media...