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Guyanese economist, Winston Brassington, says that as the country’s oil and gas sector continues to develop and expand, so will the assets in the local banks. Brassington shared this perspective on Thursday when he addressed an American Chamber of...

(S&P Global Platts) Crude oil futures moved sharply lower Nov. 19 as the market weighed the impacts of new pandemic lockdowns in Europe and a stronger US dollar. NYMEX December WTI settled down $2.91 at $76.10/b and ICE January Brent...

The Guyana Shore Base Inc. (GYSBI) is rapidly expanding its capabilities to better serve the growing needs of the South American nation’s budding petroleum sector. Back in April, GYSBI—which is the main facility servicing the country’s deepwater operations—commenced construction of...

ExxonMobil Guyana says its budgets for operations in the South American country which include expenditure for approved projects and wells drilled are routinely reviewed by the natural resources ministry and that it employs robust systems to ensure Guyana gets...

When one considers the industry leading breakevens, the high-quality reservoirs, and the free cash flow that will be generated annually, there is no doubt that Guyana’s Stabroek Block is truly “the motherload” says Hess Corporation’s Chief Operating Officer, Greg...

ExxonMobil's affiliate, Esso Exploration and Production Guyana Limited (EEPGL) has approached the Guyana Government for an extension on its Stabroek Block exploration licence due to the COVID-19 pandemic. This is according to Hess Corporation which holds a 30 percent...

While some leading experts and institutions across the world have called on nations to quickly transition to cleaner sources of energy, particularly renewable options, Trinidad & Tobago is insisting that it will adhere to this call on its own...

Guyana’s President Dr Mohamed Irfaan Ali said on Thursday that his government is pleased to partner with the International Energy Conference and Expo for the four-day event scheduled for mid-February in Guyana. “We believe that the multifaceted nature of the...

UK-based multinational oil and gas exploration company Tullow Oil is calling it a day in Suriname. Drilling operations at the Goliathberg-Voltzberg North (GVN) exploration well at Block 47 failed to deliver commercial crude earlier this year after reaching total...

APA Corporation announced results on Wednesday from flow testing at the Sapakara South appraisal well and drilling results from the Bonboni exploration well in Suriname. Both operations were recently completed on Block 58. Sapakara South-1 (SPS-1) flow test Flow and subsequent...