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Monthly Archives: July 2017

US imposes sanctions on Venezuelan leader Nicolas Maduro

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(BBC) The US government has branded Venezuela's President Nicolás Maduro "a dictator" and frozen any US assets, after he held a controversial poll to...

Transformation to oil producer in less than 5 yrs “unprecedented in the world” –...

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The challenges facing Guyana as it prepares for oil production in 2020 will be bigger, since the country’s rapid move to first oil gives...

Tulip Oil gets gas production license for Dutch offshore field

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(Reuters) - Dutch oil and gas exploration company Tulip Oil has been awarded a production license by the Dutch government for a gas field...

Venezuela’s Maduro claims poll victory as opposition cries foul

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(BBC) Electoral officials in Venezuela say turnout in the controversial election for a constituent assembly was 41.5%, a figure disputed by the opposition. The opposition...

Guyana can experience as much as 2000% increase in GDP over next 20 yrs...

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The economic explosion Guyana is expected to experience with coming oil production can see the country’s Gross Domestic Product (GDP) skyrocketing by as much...

Multiple foreign companies being incorporated weekly in Guyana – Nigel Hughes

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Director of the Guyana Oil and Gas Association, Nigel Hughes, says a development boom is clearly on the horizon in the South American country,...

Urgency required to meet demand for local content in Guyana

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The recent discovery of oil offshore Guyana has created significant excitement for the future of the country and its developing industry. Naturally, the Buzz...

ExxonMobil earns $3.4B in 2nd quarter 2017

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Exxon Mobil Corporation today announced estimated second quarter 2017 earnings of $3.4 billion, or $0.78 per diluted share, compared with $1.7 billion a year...

Guyana will get oil revenue from day 1 of production – ExxonMobil

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Revenue from oil production will begin flowing to the Guyana government from day one of production, ExxonMobil’s Upstream Operations Manager in Guyana, Doug Mc...

Canadian O&G trade mission due in Guyana expected to be first of many –...

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Over 19 Canadian companies are expected to be participating in an oil and gas trade mission to Guyana during the week of September 11-15,...