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Monthly Archives: April 2017

Hess earns place on CR’s 2017 Best Corporate Citizens List

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Hess Corporation (NYSE: HES), a 30% shareholder in the Stabroek block, offshore Guyana, has earned a place on Corporate Responsibility magazine’s prestigious list of...

Consultant advising on oil refinery will arrive in Guyana May 17 to present study

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The consultant hired to advise the Guyana government on the economics of a refinery is scheduled to arrive in the South American nation on...

Guyana open to receiving support for oil & gas training from Australia

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Guyana has been actively reaching out to its international partners for support and advice as the country continues to put systems in place for...

Global demand for oil could outstrip supply after 2020 unless new investments approved soon

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Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the...

Trinidad’s Petrotrin investigating oil spill

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Trinidad and Tobago State owned Trinihas established a team to investigate the cause of the oil spill where hundreds of barrels of black crude...

Exxon, Chevron triumph in crude resurgence

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CHICAGO (Bloomberg) -- Exxon Mobil Corp. and Chevron Corp. easily swept aside analyst estimates as the battered giants of the U.S. oil industry shook...

Oil production will bring many opportunities; Guyanese must equip themselves

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After 50 years of independence, one of the major challenges facing Guyana is the transformation of the country’s natural wealth into human development. At...

ExxonMobil Earns $4 Billion During First Quarter 2017

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Exxon Mobil Corporation (NYSE:XOM) today announced estimated first quarter 2017 earnings of $4 billion, or $0.95 per diluted share, compared with $1.8 billion a...

Worley Parsons to review ExxonMobil’s development plan

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The Government of Guyana has contracted Australian resources and energy consultants Worley Parsons to review ExxonMobil’s initial development plan in preparation for petroleum production...

BP finds 200 million barrels of oil in hidden cache

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(Houtson Chronicle) British oil major BP has discovered 200 million barrels of oil in a hidden cache in the Gulf of Mexico, thanks to...