Guyana has suffered from brain drain for a very long time. The bulk of these migrants have gone on to live in the United States and Canada primarily, for better opportunities.
But with the discovery of oil and gas resources,...
Equinor, the Norwegian state-owned multinational energy company, operates a Block offshore Argentina called CAN-100, which the country hopes later this year will yield a discovery as successful as Namibia’s.
Rystad Energy's Senior Vice President and Head of Latin America, Schreiner...
While the International Monetary Fund (IMF) has advised that a business case does not exist for a National Oil Company (NOC) in Guyana, Vice President, Dr. Bharrat Jagdeo firmly asserts that the financial body does not decide or determine what is...
Guyana’s Vice President, Dr. Bharrat Jagdeo has assured that the government has every intention of establishing a Petroleum Commission. The VP, during a press conference on Friday, did not indicate a definitive timeline when the Commission would be instituted but...
ExxonMobil Corporation on Friday announced an estimated first-quarter 2022 earnings of US$5.5 billion compared with US$8.9 billion in the fourth quarter of 2021. The company also reported a US$3.4 billion impairment which it said is associated with its planned...
Guyana’s upcoming oil blocks auction will not include any onshore acreage, Vice President Dr. Bharrat Jagdeo told reporters during a press conference on Friday.
Government needs more time to determine whether the auction would disenfranchise nearby communities.
“Onshore… we have a...
Guyana’s Minister of Finance, Dr. Ashni Singh on Friday announced the removal of Value Added Tax (VAT) on cement, responding to the need to support the construction boom the South American nation is experiencing.
Effective April 29, the government’s expectation...
Guyana’s prolific Stabroek Block continues to churn out successful results for operator ExxonMobil (XOM) and its partners Hess and CNOOC, and by the third quarter 2022, production is expected to ramp up significantly.
During the oil major’s first quarter earnings...
With a robust market outlook for the remainder of 2022, TechnipFMC’s subsea opportunities are being led by Guyana, Brazil, and West Africa with massive oil and gas projects set to bring in almost US$20 billion.
TechnipFMC’s Chairman and Chief Executive...
United States Ambassador to Guyana, Sarah-Ann Lynch told a recent energy roundtable that the South American country is in a unique position in the race to transition to renewable energy sources, due to its small size and relatively low energy demand.
The...