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The growth of the oil and gas sector in Guyana is quickly becoming a beacon for competitiveness when it comes to compensation for workers, as it contributes to the country’s gross domestic production (GDP) in larger share, year after...

The latest report from the Intergovernmental Panel on Climate Change (IPCC) released last week says it’s “now or never” for governments to start staving off emissions to save the planet from irreversible climate disaster. Rich countries seem to be...

Guyana has so far approved a total of four offshore developments at the ExxonMobil-operated Stabroek Block, that when combined, will be targeting just over 25 percent of the 10 billion oil equivalent barrels found so far since 2015. The projects...

When compared to the other permits issued for the Liza Phase 1, 2 and Payara Projects in the Stabroek Block, the Yellowtail Environment Permit is armed with the most superior provisions for insurance and oil spill prevention and management. Making...

(S&P Global Platts) Crude oil futures tumbled in mid-morning trade in Asia April 11 due to growing concerns over China's battle against a COVID-19 surge and the oil reserve release from consuming nations. At 10:21 am Singapore time (0221 GMT),...

Apart from the profit oil and royalty the State stand to gain, ExxonMobil’s US$10 billion Yellowtail Project in the Stabroek Block which is set for first oil in 2025-2026, is poised to unleash a tsunami of economic benefits for...

ExxonMobil Guyana has provided close to GY$200 million to the advancement of cricket and other sport in the South American country over the years and is gearing up to once again support the upcoming Caribbean Premier League (CPL). The company...

Royal Dutch Shell and TotalEnergies have made two breakthrough discoveries offshore Namibia, which suggest a play like the Guyana-Suriname basin, according to Westwood Global Energy Group. On February 4, Shell made the first one, a light oil discovery, assumed to...

The Latin America and Caribbean (LAC) region has vast natural gas reserves to tap into for electricity generation. The resource is being eyed in Guyana and abroad to help secure countries’ energy transitions. While some remain wary of new...

Guyana’s Local Content Act mandates quotas for the participation of Guyanese workers and businesses in various oil-related sectors, which gradually increase over the years. Executive Director at the Georgetown Chamber of Commerce & Industry, Richard Rambarran said when one looks...