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Guyana’s Natural Resource Fund (NRF) received payments for two lifts of profit oil in June, amounting to US$150 million. These represent the sixth and seventh lifts owed to Guyana for the year, from oil production at the ExxonMobil-operated Liza...

Petróleos Mexicanos (PEMEX) has reported a fire incident that occurred July 7 at approximately 5:25 a.m. at the Nohoch-A Link Platform in the Gulf of Mexico, followed by another fire at the Compression Platform. In response, the Emergency Shutdown...

US Secretary of State Antony Blinken highlighted Guyana's remarkable achievements in responsibly utilising fossil fuels while prioritising environmental protection. He emphasized that the country's efforts serve as an example for others. Blinken stated, "Now, Guyana will soon be the highest...

London is set to host the inaugural Guyana Diaspora Sustainability & Investment Conference (GDSIC) on October 3-4, 2023. The conference, to be held at the prestigious Church House Westminster, will bring together influential figures and business leaders to explore...

ExxonMobil has indicated a significant decline in operating profits for the second quarter, as per a regulatory filing. The operating earnings fell to approximately US$7.8 billion compared to US$17.85 billion in the same period last year. The previous year's...

PETRONAS Suriname E&P B.V. has recently awarded a significant contract to Noble Drilling which involves the deployment of the semisubmersible deepwater rig, Noble Discoverer, to drill an exploration well in Block 52, located offshore Suriname. This announcement follows the...

By Dr. Meredith Arnold McIntyre - OilNOW Guyana’s booming economy driven by rapidly increasing oil production is expected to grow by about 30% on average per year during 2023-26. The International Monetary Fund’s 2022 Article IV Consultation Report estimated that...

Gas remains key to ExxonMobil’s development agenda as seen by the company’s acceleration of two major pipeline projects in the South American region.  Over in Argentina, Exxon recently commenced the engineering study phase for the development of a new pipeline...

In an engaging Oxford-style debate, two prominent voices in Guyana; Elson Lowe and Joel Bhagwandin, engaged in a thought-provoking discussion on the premise - "Guyana is not on the right development path, given its newfound oil resources." The event,...

Locals looking to find jobs in Guyana’s oil sector will have an opportunity as the Guyana Shore Base Inc (GYSBI) is set to host a career fair on July 9.  The event will take place at the West Demerara Secondary...