News

Suriname lies down-dip of the prolific reservoirs in neighbouring Guyana. The country has seen a gradual build-up of exploration activity since ExxonMobil’s first discovery across the border at Liza-1 in 2015. Majors such as Shell, ExxonMobil and TotalEnergies have farmed...

Prime Minister of Barbados and recipient of the 2021 Champions of the Earth Award Mia Mottley is expected to be one of the most highly anticipated speakers headlining the International Energy Conference and Expo-2022 which will be held from...

(Bloomberg) — Saudi Arabia raised oil prices for customers in Asia, the U.S. and Europe after crude’s surge to almost $95 a barrel. State firm Saudi Aramco increased all grades for its main market of Asia in March. The company...

Development works on Silica City – a vibrant, sustainable, resilient and modern city conceptualized in 2013 – is advancing with consultations ongoing with utility companies to coordinate the development of their infrastructure. Sharing this news is Guyana’s Minister of...

The Guyana government said in a statement on Saturday it remains committed to transparency in the extractives sector and followed all procedures in the process of appointing a new Head of the GYEITI Secretariat. See full statement below. AFC’s Dr....

The Government of Guyana intends to use the first withdrawal from its Natural Resource Fund to help finance its country’s infrastructural transformation and is pushing back against opposition calls to steeply hike public servants’ salaries. “If you spend on the...

Guyana’s Minister of Natural Resources, Vickram Bharrat recently told OilNOW that his ministry welcomes the positive announcement at the Kawa-1 well which was made by CGX Energy Inc. and Frontera Energy Corporation in the Corentyne Block. He was keen...

With massive developments set to take place in the energy sector, specifically as it relates to the multi-billion-US dollar oil and gas subsector, there has been a rush for documentation for Guyanese citizenship says Vice President, Dr. Bharrat Jagdeo. In light of this...

ExxonMobil Corporation which is leading operations in Guyana’s Stabroek Block recently disclosed during its 2021 fourth quarter earnings call that it expects to meet its 2025 emission-reduction plans four years ahead of schedule. The company said this includes a 15-20%...

The Guyana government is putting everything in place for the approval of the giant 250,000 barrels per day Yellowtail Development Project soon with Vice President Dr. Bharrat Jagdeo telling reporters on Thursday all systems should be in place by...