News

Guyana’s Local Content Act mandates quotas for the participation of Guyanese workers and businesses in various oil-related sectors, which gradually increase over the years. Executive Director at the Georgetown Chamber of Commerce & Industry, Richard Rambarran said when one looks...

Brazilian President, Jair Bolsonaro on Thursday tapped José Mauro Ferreira Coelho to take over as the top executive of the state-owned Petroleo Brasileiro SA or Petrobras after ousting his predecessor Joaquim Silva e Luna amid rising fuel costs. Back in...

The Office of the President said that the government and ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), will team up to provide oil and gas training to locals. The commitment was made during a high-level meeting between officials...

ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), said on Thursday that it donated toward the advancement of higher education for two special education teachers attached through the United Women for Special Children (UWSC). The teachers will be pursuing...

Stagflation, or recession-inflation, occurs in economies where the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high as well. And Arthur Deakin, who is energy co-director at Americas Market Intelligence (AMI), believes that with the hike in global oil prices, plenty...

Oilfield services company, Schlumberger, has partnered with technology development organization, Sintela, to co-develop new fiber-optic solutions in an agreement that will leverage industry-leading technologies from both companies to develop edge-enabled solutions that improve customer performance. Sintela designs and delivers world leading fiber sensing systems for industrial...

Eighteen Guyanese women have graduated from the Global Women in Management (GWIM) programme, after six months of training in leadership and management skills. The ExxonMobil Foundation-sponsored programme was launched last September and has seen an investment of some GY$40 million in support...

The largest development to date at the Stabroek Block will deliver the second lowest breakeven for the ExxonMobil-led consortium that has found over 10 billion barrels of oil equivalent resources in the South American country since 2015. The breakeven for...

While the Environmental Protection Agency (EPA) has granted ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) permission to move ahead with its US$10B Yellowtail Project, it has done so with several rigid conditionalities attached. With respect to air management,...

Christopher Jones, Guyana’s Opposition Chief Whip, and Norris Witter, a trade unionist, have together approached the High Court to contest the validity of the Natural Resource Fund Act which was passed by the National Assembly last December. But Guyana's...