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By 2028, Guyana projects that a year's oil revenue will be equivalent to almost its total outstanding debt. However, political opponents to the current administration have said the country's debt is mounting and this could impact its future prospects....

Dr. Mohamed Irfaan Ali, President of Guyana, revealed that at least five European Union (EU) countries have agreed to sponsor Guyana's bid for visa-free travel to the Schengen area. The announcement was made during a media interaction at the...

By Jerry Haar and Cristina Caus - OilNOW A cursory view of the political, economic and social environment in South America does not instill optimism. Economic and political challenges across the region erode the confidence of both local and foreign...

The Government of Guyana has issued a notice inviting residents of Friendship, East Bank Demerara, to attend a public consultation regarding the proposed Gas-to-Energy project. The meeting is scheduled to take place on Saturday, July 22, 2023, at 10:00hrs,...

ExxonMobil Guyana is actively seeking the services of a Guyanese contractor for the construction of a critical access road to its Ogle operations centre, currently under construction. In a bid to streamline the selection process, the company has recently...

Following remarkable successes in the deepwater plays of South America, Sierra Leone is hoping to mirror the fortunes of Guyana, aiming for an exploration boom in its prolific oil and gas fields. In recent years, the Guyana-Suriname basin has witnessed...

South America’s rising oil star, Guyana, is looking to secure visa-free travel to the European Schengen Area which comprises 27 countries that have officially abolished all passport and border control measures at their mutual borders. President, Dr. Mohamed Irfaan Ali,...

As part of the ongoing multi-disciplinary response exercise, EXERCISE TRADEWINDS 2023, a simulated oil spill activity was held on Tuesday in Region 6, Berbice. The simulation consisted of response and proactive phases towards a fictional scenario involving a fuel...

Guyana's Natural Resource Fund witnessed a surge in interest income in the first half of 2023, earning US$35.6 million (approximately GY$7.42 billion). This development is attributable to higher deposit account balances and escalated interest rates set by the Federal...

Oilfield services company Halliburton reported a 9% sequential revenue growth in Latin America for the second quarter of 2023. The US$994 million revenue was driven by increased pressure pumping and wireline activity in Argentina, higher completion tool sales in...