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Yearly Archives: 2020

‘We must not remain a rich country of poor people’ Guyana President affirms in...

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President of Guyana, Dr. Irfaan Ali says 2021 will be the springboard from which the new oil producing country will leap into recovery, rebuilding...

Exxon signals up to $20 billion asset write-down

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(Reuters) -Exxon Mobil Corp signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth quarter results,...

Guyana could find more oil, and closer to shoreline

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Experts in the oil and gas industry believe that more oil could be discovered closer to Guyana’s shoreline in the coming years with one...

Crude oil markets lost a fifth of their value in 2020 but prices are...

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(Reuters) - Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralysed much of the...

Guyana delivered, global exploration picked up…then the pandemic struck

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A Wood Mackenzie analysis from Andrew Latham, Kristina Beadle, and David Parkinson  The global exploration industry was in a good place at the start of 2020, having recovered...

T&T has been slow in moving to capitalise on Guyana oil discoveries – former...

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Massive discoveries of hydrocarbon resources offshore Guyana provide a huge opportunity for neighbouring Trinidad and Tobago (T&T) says former Minister of Trade and Industry...

Touchstone extends lease agreements for Trinidad acreage

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Touchstone Exploration Inc. announced on Wednesday that it has extended the term of its Lease Operatorship Agreements (LOAs) with Heritage Petroleum Company Limited for...

Oil futures rise on news of decreases in inventories

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Crude oil futures ticked up during midmorning trade in Asia on December 30 as bullish data from the American Petroleum Institute (API) boosted market...

Permit delays in Brazil could see Guyana emerge as deepwater winner for investments

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Oil companies operating in Brazil have long complained about delays getting drilling permits and environmental impact reports approved by the Brazilian Institute of Environment...

Guyana’s President wants countrymen in Canada to return home to invest

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President of Guyana, Dr Irfaan Ali is urging Guyanese living in Canada to return home to invest as he signaled his Government’s commitment to...