News

Since Guyana’s President, Dr. Mohamed Irfaan Ali’s call earlier this year for locals to prepare themselves to seize more opportunities in the country’s oil and gas sector, several Guyanese business operators have been moving to expand their capabilities and...

It was highlighted at the Offshore Technology Conference in August this year that exploration in the Guyana-Suriname Basin has been a decades-long endeavor, including technical challenges and a lengthy history of drilling with no offshore success prior to the...

A junior partner in the Guyana basin says prospects in the offshore acreage remain highly favourable with the eastern section of the 1800km2 Orinduik Block set to potentially deliver significant volumes, the biggest yet outside of the prolific Stabroek...

The Guyana Oil and Gas Energy Chamber (GOGEC) launched its inaugural oil and gas seminar for high school students on Friday in Georgetown. As part of a collaborative effort, GOGEC said it is partnering with the Guyana Telephone and...

Guyana’s development partner, the Inter-American Development Bank (IDB), suggested in a report that the government reform the withdrawal rules in Guyana’s Natural Resource Fund (NRF) to make them simpler and less rigid. The advice is found in the report -...

U.S. investment and research firm Zacks said in a recent analysis that Exxon Mobil Corporation has seen upward earnings estimate revisions for 2021 and 2022 in the past several days and so far for the year, the stock has...

(S&P Global Platts) Petrobras will boost investment spending over the next five years amid a recovery in global demand, with development of the massive Buzios Field in the country's subsalt frontier expected to push crude oil output to 2.6...

(Reuters) - Oil prices recorded their steepest daily fall since July on Friday as a new COVID-19 variant spooked investors and added to concerns that a supply surplus could swell in the first quarter. Oil fell with global equities markets...

The latest monthly report of the Organization of Petroleum Exporting Countries (OPEC) states that Russia and the USA are expected to be the main drivers of next year’s oil supply growth, contributing increments of 1.0 mb/d and 0.9 mb/d,...

The Government of Guyana announced on Wednesday that it has partnered with United Kingdom-based 3T EnerMech to offer scholarships to Guyanese for technical careers in the oil and gas industry. The training is being done under the Guyana Online Academy...