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Monthly Archives: September 2018

What oil at $100 a barrel would mean for the global economy

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(Bloomberg) Rising oil prices are prompting forecasts of a return to $100 a barrel for the first time since 2014, creating both winners and losers in...

NIS rakes in over $24M in benefits from Oil and Gas sector in 2018

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Guyana’s largest pension fund and health insurance body; the National Insurance Scheme (NIS), has begun targeting companies registering in the emerging petroleum sector to...

Reducing revenue leakage among Energy Dept top priorities

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Among the top priorities for recently appointed Head of the Government’s Energy Department, Dr. Mark Bynoe is “reducing revenue leakage” or the unnoticed or...

Former SBM CEO, Executive sentenced to prison in bribery scheme

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A former CEO and former executive of an oil services company were sentenced to prison on Friday, September 28 for their involvement in an...

Deep-water feeding frenzy in South America as Brazil and Guyana lead enthusiasm

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Good reservoir quality and improved upstream terms have combined with cost declines and firmer oil prices to spark enthusiasm for deep offshore oil exploration...

Exxon adds more than 71,500 net acres to its Brazil portfolio

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ExxonMobil has increased its holdings in Brazil’s pre-salt basins after it won the Titã exploration block with co-venturer Qatar Petroleum during Brazil’s 5th pre-salt bid...

Hughes, Fields and Stoby targets oil and gas with opening of Houston office

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Guyana’s exciting move into the Oil and Gas sector records another significant step with the historic opening of the law office of Hughes, Fields...

Mexico’s next president will honor existing oil contracts -official

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(Reuters) - Mexico’s president-elect, Andres Manuel Lopez Obrador, assured private energy executives in a closed-door meeting on Thursday their contracts will not be canceled...

‘We must put up a good fight to cash in on O&G opportunities’ –...

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Guyana’s Minister of Business, Dominic Gaskin, said if the country wants to maximize the full value of local content from the oil and gas...

“We have to take energy seriously” – Guyana President tells residents in remote border...

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Villagers in the remote Rupununi - an area located in the south-west of Guyana bordering the Brazilian Amazon - are being urged to harness...