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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...

Brazilian President, Jair Bolsonaro on Thursday tapped José Mauro Ferreira Coelho to take over as the top executive of the state-owned Petroleo Brasileiro SA or Petrobras after ousting his predecessor Joaquim Silva e Luna amid rising fuel costs. Back in...

Dr. Terrence Richard Blackman - OilNOW On February 15th - 18th, 2022, an International Energy Conference & Expo: Charting a Sustainable Energy Future was held at Guyana's Marriott Hotel. One highlight of the meeting was the panel discussion on Guyana's...

The Office of the President said that the government and ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), will team up to provide oil and gas training to locals. The commitment was made during a high-level meeting between officials...

ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), said on Thursday that it donated toward the advancement of higher education for two special education teachers attached through the United Women for Special Children (UWSC). The teachers will be pursuing...

Stagflation, or recession-inflation, occurs in economies where the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high as well. And Arthur Deakin, who is energy co-director at Americas Market Intelligence (AMI), believes that with the hike in global oil prices, plenty...