LATEST ARTICLES
Pact between Guyana and ExxonMobil ‘more than commercial’ in nature
The decision by US oil major ExxonMobil to conduct a new 3-D seismic survey on the western portion of the Stabroek Block offshore Guyana...
PricewaterhouseCoopers submitted EOI for ExxonMobil cost recovery audit
PricewaterhouseCoopers Advisory Services Limited submitted an Expression of Interest (EOI) to the Government of Guyana (GoG) for a cost recovery audit consultancy in relation...
Upstream industry expected to thrive in 2019; Guyana among biggest sanctions
As 2018 draws to a close the stage is already set for a fascinating 2019 in the upstream industry with the biggest project sanctions...
New exploration on western portion of Stabroek Block significant – ASP
US oil major ExxonMobil’s move to undertake a new 3-D seismic survey covering 12,000 square kilometers on the western portion of the Stabroek Block...
“Staggering” discoveries pushing record production – Hess
Hess Corporation’s Senior Vice President – Exploration, Barbara Lowery-Yilmaz, says greater than five billion barrels of equivalent resource in four years is “pretty tremendous”...
Guyanese business group calls for swift implementation of local content framework
The Private Sector Commission of Guyana (PSC) is calling for the swift implementation of a local content framework within which local businesses can operate...
Angola’s Sonangol, ExxonMobil sign oil exploration agreement
(Reuters) - Angola’s state oil company Sonangol and ExxonMobil on Friday signed a memorandum of understanding for oil exploration in the country’s Namibe basin,...
Inter-generational equity and the rationale for Guyana’s “Sovereign Wealth Fund”
The policy of investing resource revenues in reproducible capital suggests irresistibly that some appropriately defined stock is being maintained intact, and that consumption can...
More project approvals will give Guyanese companies confidence to invest, build capacity – Henson
ExxonMobil Guyana Country Manager Rod Henson says the next decade will be transformational for businesses in the South American country and with the approval...
Institute launched to boost maritime safety in oil and gas industry
Combining courses being offered in the Maritime and Petroleum sectors, two local institutions have partnered to launch the Maritime Safety Training Institute (MSTI).
The institute...