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Monthly Archives: February 2019

ExxonMobil makes natural gas discovery offshore Cyprus

ExxonMobil on Thursday said it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well wrapping up what...

Political discord hindering Guyana’s preparations for oil – Nigel Hughes

Guyanese Attorney–At–Law, Nigel Hughes, believes that uncertainty surrounding the current political climate in the South American country following the December 21 passage of a...

Guyana business minister plugs investment at Baker Institute forum

Guyana’s Minister of Business, Dominic Gaskin, told a forum in the United States on Tuesday that the South American country is looking to chart...

EITI assesses implementation in eight countries; TT acknowledged for ‘dynamic platform’

As Guyana prepares to submit its first report to the Extractive Industries Transparency Initiative (EITI), the organization said on Wednesday that its Board assessed...

Possible oil reserves upsized for Jamaica

The probability of finding oil offshore Jamaica improved to a one-in-five chance of success, based on an independent report utilising 3D data, the Jamaica...

Kazakh leader orders $3.6 billion pre-election oil fund draw-down

ASTANA (Reuters) - Kazakh President Nursultan Nazarbayev ordered his government on Wednesday to tap the country’s rainy-day fund for $3.6 billion in order to...

AmCham aiming to attract foreign investment to Guyana at upcoming NY forum

The Guyana affiliate of the American Chamber of Commerce (AmCham) will be hosting a Business Forum and Outreach with members of the business community...

Guyana discoveries help ExxonMobil add 4.5 billion barrels to its reserves

ExxonMobil said on Tuesday it added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year’s production....

Department of Energy officials could soon have to declare assets – Integrity Commission

The Integrity Commission in Guyana which is tasked with combating corruption in public office, is looking to add officials from the Department of Energy...

Fourth batch of young Guyanese certified in oil and gas safety

A total of 25 Guyanese, including three women, graduated from the TOTALTEC Academy on February 21, 2019, bringing the number of persons to complete...