News

This is Guyana’s resource, and we are here as guests – Exxon President

At the opening of the first day of the 2022 Guyana Supplier Forum, ExxonMobil Guyana President, Alistair Routledge said the oil major endeavours to create a prosperous and sustainable future for the South American country. Categorically, he said to the packed...

Exxon’s largest Supplier Forum in Guyana opens today

ExxonMobil Guyana and the Centre for Local Business Development are launching the highly anticipated Guyana Supplier Forum today at the Leonora Stadium (National Track and Field Facility), West Coast Demerara. The event will run until Wednesday. On Monday, companies, among the...

Guyana tax regulator on hunt for 36 specialists to boost oil audits, data analysis, monitoring

The Guyana Revenue Authority (GRA) is on the hunt for at least 36 specialists for its Petroleum Revenue Department. These experts would add to the 31 already on staff and boost the agency’s capability to conduct petroleum tax audits,...

Leaders of world’s largest emitters a no-show at COP27

Approximately 90 world leaders are attending COP27 in Sharm El-Sheikh, Egypt from November 6 to 18, 2022. However, key figureheads from some of the globe’s most polluting States are not on the list of attendees. Significantly, the world’s largest emitter,...

Hess hires Velesto Energy for gas-related drilling services in Malaysia

Velesto Energy, a Malaysian upstream service company, said it was awarded a contract for Hess Exploration and Production Malaysia B.V. for the provision of integrated rig, drilling and completion (i-RDC) services for Hess’ 2022-2024 North Malay Basin Full Field...

COP27 must hold developed world accountable for failed pledges – VP Jagdeo

COP27 which is billed for Sharm el-Sheikh, Egypt from November 6 to 18, must hold the developed world accountable for their failed promises on financing for adaptation and emissions reduction says Guyana’s Vice President, Dr. Bharrat Jagdeo. The former Head-of-State...

Oil is just a ‘means to an end’ in Guyana’s story – Ali

Guyana is now known around the world as having the hottest oil and gas basin where a series of unprecedented discoveries by ExxonMobil has placed the country 17th globally, for the largest hydrocarbon reserves. But according to its President, Dr....

Oil companies’ record-breaking profits and the Russia-Ukraine war

While it was pleased to net a record-breaking US$6.6 billion in earnings during the 2022 third quarter, French multinational conglomerate, TotalEnergies has expressed concern about the circumstances that led to its big payday. Its Chief Financial Officer, Jean-Pierre Sbraire noted recently that...

Suriname, oil companies partner for technical, vocational training programme

Staatsolie announced last week that the first group of 30 students attended a ceremonial launch of an 18-month technical training programme. The ‘Oil & Gas Kopprogramma’ at the Institute of Natural Sciences (NATIN) is being offered through a collaboration between...

Guyana’s forests provide massive legroom for development of oil resources – VP Jagdeo

Guyana’s forests which stretch over 18 million hectares absorb 154 million tons of carbon dioxide (CO2) annually from the atmosphere. This is about the same annual greenhouse gas emissions from Norway, Sweden, Finland, and Denmark with a combined population...

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Trumpetfish and Redmouth wells up next on Exxon’s Stabroek Block drill campaign

ExxonMobil is targeting the Trumpetfish-1 and Redmouth-1 wells next in its Stabroek Block exploration campaign.  According to notices from Guyana’s...