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Ratio Petroleum gunning for oil & gas in the Philippines

Ratio Petroleum Ltd., the parent company of Ratio Guyana Limited which holds a 25% interest in the Kaieteur Block in Guyana along with partners, Esso Exploration & Production Guyana Limited (35% & Operator), Cataleya Energy Limited (25%) and Hess...

‘knowledge transfer’ will accelerate growth of industry in Guyana – Siobhan Coady

Minister of Natural Resources from the Canadian Province of Newfoundland and Labrador, Siobhan Coady, is encouraging Guyana, as an emerging oil and gas producing nation, to look at how best the country can benefit from “knowledge transfer” in the oil and...

Oil & gas will create major opportunities for tourism, food and beverage sectors – Ramesh Persaud

The Institute of Private Enterprise Development (IPED) in Guyana is encouraging entrepreneurs to examine opportunities that are aligned with the country’s emerging oil and gas sector and to see how best they can tap into those. This view was articulated...

Head of Energy Dept. outlines five principles on which Guyana’s O&G sector is to be streamlined

Head of Guyana’s Department of Energy, Dr. Mark Bynoe says every effort will be made to streamline operations in the country’s emerging oil and gas sector. He was speaking at a welcome reception at the residence of the Canadian High...

Guyana looking to learn from experiences of Newfoundland and Labrador as MoU on O&G cooperation is inked

The Government of Guyana and the Canadian Province of Newfoundland and Labrador signed a Memorandum of Understanding (MOU) on Monday at the Ministry of the Presidency, in the South American country’s capital, Georgetown. The MOU is intended to foster greater...

Veiled Saudi threat boosts oil prices already moving toward $100

The global oil market that’s already being squeezed by U.S. sanctions on Iran is now being rattled by the risk of potential American action against another OPEC member, Bloomberg said in a report on Monday Speculation is rising over whether...

Who knew? These countries are all oil producers

(New York Times) Some oil-producing countries are well known: The three top crude suppliers, of course, are Russia, Saudi Arabia and the United States. But almost 100 countries have tapped the oil reserves within their territories to produce a...

Oil galore in Guyana but not a drop found yet offshore Suriname

The Guyana-Suriname Basin is said to contain 13 to 15 billion barrels of oil but so far the basin seems to be tilted in the direction of the lone English speaking country on the continent. ExxonMobil has made a...

50-member strong Canadian mission due in Guyana, MoU on O&G to be signed

The High Commission of Canada and the Province of Newfoundland and Labrador are collaborating with the Government of Guyana through GO-Invest to bring a Canadian oil and gas trade mission of approximately 50 persons from the province’s offshore oil...

100 million barrels: the world hit a daily oil and liquids record

The world is pumping out more oil and other petroleum liquids than ever before. Bloomberg said in a report on Thursday Global supply rose to 100.3 million barrels a day in the third quarter, the International Energy Agency said Friday...

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Hess reports Q3 gains with Guyana leading production growth

Hess Corporation revealed a strong third quarter driven by expanded production in Guyana’s offshore Stabroek Block. The company reported...