Featured

Guyanese businesses link up with Liza Phase 1 Prime Contractors at supplier forum

ExxonMobil Guyana and the Centre for Local Business Development opened its Liza Phase One Supplier Development Forum on Monday at the Guyana Marriott Hotel in the country’s capital, Georgetown. Country Manager of ExxonMobil Guyana, Rod Henson, explained that, “We host...

ExxonMobil’s 10th discovery should not be seen as “just another announcement” – Dr. Bynoe

ExxonMobil’s 10th offshore discovery should not be seen as “just another announcement,” according to Director of the Government’s Energy Department in Guyana, Dr. Mark Bynoe. The US oil giant on Monday announced its latest discovery at the Pluma-1 well –bringing...

ExxonMobil makes 10th discovery offshore Guyana

US oil major ExxonMobil has made yet another discovery off the Guyana coast at the Pluma well making it a record 10 finds so far since the world class Liza discovery announced in May 2015. Director of Guyana’s Department of...

‘The rush to Guyana will be unprecedented’ – Hughes tells TOTALTEC graduates

Partner in Guyanese law firm Hughes, Fields and Stoby, Nigel Hughes on Thursday called the third batch of TOTALTEC oilfield operator graduates “pioneers” of Guyana’s nascent oil and gas industry and said that they will be a part of...

Telecoms must meet needs of expanding O&G industry – Cathy Hughes

Guyana’s Minister of Public Telecommunications, Cathy Hughes, says her ministry is putting much thought into the role it must play in the emerging oil and gas sector. Speaking on the “Budget in Focus” programme on the South American country’s National...

Canada joins oil cut drive as Alberta seeks to ease glut crisis

(Bloomberg) Canada’s largest oil producing province ordered an unprecedented output cut, an effort to ease a crisis in the nation’s energy industry and adding to global actions to combat a recent price crash. The plan announced Sunday will reduce production of raw...

Scotiabank Exit: with coming oil bonanza ‘no reasonable int’l business would want to stay out’ – Jordan

Guyana's Finance Minister, Winston Jordan says at a time when the South American country is set to benefit immensely from oil production revenue and the associated business opportunities the industry brings, 'no reasonable int'l business would want to stay...

Eco Atlantic ‘fully funded to drill’ with completion of Total farm-out in Guyana

Eco (Atlantic) Oil & Gas Ltd which has licenses in highly prospective regions offshore Guyana and Namibia, announced on Thursday the completion of its Farm-Out Agreement with Total Petroleum's subsidiary Total E&P Activités Pétrolières on Eco's Orinduik block, offshore...

Guyanese Trade Mission “encouraged” by discussions in Aberdeen

One day into a trade mission to Europe’s Energy Capital, Aberdeen, several companies expressed interests in partnering with Guyanese businesses in the emerging Oil and Gas industry. Guyanese High Commissioner to the UK, Frederick Hamley Case and his British counterpart...

Deepwater CAPEX to hit US$60B by 2022: Guyana among countries pushing rise

South American emerging oil and gas powerhouse, Guyana, is listed among a handful of countries pushing a rise in annual deepwater capital expenditure. In a newly published report, Wood Mackenzie notes that the deepwater industry appears in good health, following...

Latest News

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million...