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Full national considerations are also relevant to a depletion policy of a country’s petroleum resources. Security of oil supplies must be a consideration in Guyana. Possession of crude oil reserves can obviously make a contribution to the solution of...

An international consortium led by Exxon Mobil Corporation XOM was the main bidder for three ultra-deepwater oil and natural gas units off the coast of Sergipe and Alagoas states during Brazil's first Open Acreage auction. The units are situated close to the...

The US Geological Survey (USGS) is looking to reassess its estimated petroleum reserves in the Guyana-Suriname basin which could see its previous estimate of 13.6 billion barrels of oil and 32 trillion cubic feet of natural gas, increasing. Thirty-one geologic...

A persistent oversupply of natural gas will drive the 2020 average price at the Henry Hub down (in real terms) to a level not seen in decades, according to a new report from IHS Markit, a world leader in...

In its continued effort to support the advancement of STEM—Science, Technology, Engineering, Mathematics—education, ExxonMobil Guyana has provided funding which has enabled six secondary schools in the country to be equipped with robotics kits. Through a partnership with Volunteer Youth Corps,...

Chairman of Guyana’s Private Sector Commission (PSC), Gerry Gouveia, says the business group is working overtime to identify a suitable person to sit on the oversight committee of the country’s Natural Resource Fund (NRF) which will be the primary...

A team from the International Monetary Fund (IMF) has been in Guyana to assist the Government, through the Ministry of Finance, in setting up its own internal unit that specifically focuses on oil and gas management in the country. This...

Trinidad and Tobago (T&T) has seen a stagnation in its oil-based economy in recent years and with little to no new investment opportunities, its businessmen are now flocking the hemisphere’s newest Oil and Gas (O&G) hot-spot—neighbouring Guyana. So says former...

In Suriname, where at least four non-commercial wells have been drilled in as many years by Kosmos Energy and Apache, the next 12 months nonetheless look busy. S&P Global Platts said in a recent report that despite setbacks at two...

Guyana’s President David Granger on September 11 accepted letters of credence from the plenipotentiary representative from Kuwait, His Excellency Nasser Riden Al-Mptairi, with the hopes of continuing cooperation and initiates in new areas of collaboration, especially in the oil and...