News

The economic activity in the new oil producing country of Guyana is expected to continue on an upward trajectory and one analyst says the pace of this growth will really be determined by the infrastructure, incentives and framework the...

(S&P Global Platts) Qatar has based its 2022 fiscal budget on an average oil price estimate of $55/b, up from $40/b in 2021, thanks to the improvement in international energy prices, the country's finance minister said Dec. 7. "The remarkable...

Guyana is already seeing “tremendous interest” in one of the remaining oil blocks to be auctioned next year in what is now known to be a highly prospective basin where over 10 billion barrels of oil equivalent have already...

The government of Trinidad and Tobago recently announced the opening of its deep-water competitive bid round for the fiscal year 2022. The Ministry of Energy and Energy Industries (MEEI) which is responsible for the overall management of the oil, gas...

President of Guyana Dr. Mohamed Irfaan Ali gave a masterclass to academics at the Harvard University Business School on Monday, during which he outlined how the country’s growing oil and gas sector will push Guyana’s economy forward in a...

ExxonMobil has been recognised for its efforts to build local economic capacity, protect the environment and support communities in the new oil producing South American country of Guyana. The company received the World Petroleum Council Excellence Award (WPCEA) for...

Guyana’s President, Dr. Irfaan Ali on Monday said the removal of ‘red tapes’ and hindrances to bolster private sector investment opportunities between the country and West African Nation, Ghana is key to successful collaborations and partnerships. He was at the...

In an effort to ensure Guyana’s oil industry is regulated in a manner that serves the public interest, Minister of Natural Resources, Vickram Bharrat said that the government has taken several steps to heighten the safeguards in environmental permits...

In light of the 10 billion barrels of oil equivalent resources found at the Stabroek Block since 2015 and ongoing exploration campaigns across other blocks, Guyana’s Minister of Natural Resources, Vickram Bharrat says there is “tremendous interest” from investors...

ExxonMobil’s search for more hydrocarbons offshore Guyana continues with a new campaign targeting the Lau Lau-1 well site located at the prolific Stabroek Block where it has found more than 10 billion barrels of oil equivalent since 2015. The Noble...