Oil, an indispensable factor in numerous economies, account for about 2.5 percent of the world’s Gross Domestic Product (GDP). According to Forbes online, it accounts for one-third of the primary supply for the world’s population, and if natural gas...
While laying the foundation to realize its fortunes and becoming a hemispheric leader in the oil and gas industry, Guyana has also been listening keenly to the advice coming from experts in the field.
Billy Joe Pellegrin, the Corporate Quality...
The Guyana government is forging ahead to establish laws and the essential framework necessary to ensure transparency and accountability at all levels within the emerging oil and gas sector.
The country’s Prime Minister, Moses Nagamootoo, recently outlined ongoing initiatives, which...
Authorities in Guyana are urging citizens to guard against signing up for oil and gas academic programmes being offered by institutions with no legal standing.
In a statement on Saturday, the country’s Ministry of Natural Resources said it is urging...
The importance of Guyanese benefiting directly from what is believed to be significant commercial quantities of crude oil offshore the South American country is being emphasized by the head of a key entity representing the interest of the country’s...
The price for oil on the global market rose on Tuesday to an almost 1-month high with Brent futures increasing by US$1.05, or 2 percent, settling at US$54.17 per barrel.
This increase comes on the heels of an unplanned production...
Guyana is fast becoming the premier location in the Oil and Gas Industry as the magnitude of oil reserves located 120 miles offshore the South American country is becoming more evident.
The resilient “third-world” country has actively began mobilizing resources...
From all indications, ExxonMobil Corporation will be the first company to begin the commercial extraction of oil in Guyana.
Here are some quick facts about this company, which is one of the largest corporations in the world today.
Facts about ExxonMobil
According...
The Ministry of Natural Resources today issued a press release in response to the announcement made by ExxonMobil regarding the discovery of more than 82 feet (25 meters) of high-quality, oil-bearing sandstone reservoirs at their Snoek well.
The text of the...