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The Georgetown Chamber of Commerce and Industry (GCCI) will bring together several prominent members of Guyana’s business community and other stakeholders for a roundtable discussion on the highly anticipated third draft of the Local Content Policy released by the...

The colossal discoveries ExxonMobil has made in Guyana to date will help expand production and revenue generation through a number of projects analysts say will be the most profitable on the planet. “The colossal discoveries Exxon has made in Guyana...

The Georgetown Chamber of Commerce and Industry is currently seeking to strengthen its relationship with international oil and gas companies, as well as increase Guyana’s prominence as a prime location for foreign investment, by attending an upcoming major oil...

With volatility in global oil prices and a high degree of uncertainty about the long-term value of these resources, UK-based global consultancy group, Wood Mackenzie says rapid development of Guyana’s oil fields will maximise benefits to the South American...

Increased recovery projects in Norway will unlock substantial oil resources, driven predominantly by the majority state-owned Equinor, says GlobalData, a leading data and analytics company. Daniel Rogers, Upstream Oil & Gas Analyst at GlobalData, comments: “Field expansion projects in Norway...

The pressure to source supplies from Guyana can lead to increased exploration, development and operating costs. Guyana’s offshore oil activity levels will be very sensitive to movements in oil prices and costs. At any one time in a province...

As oil discoveries in Guyana continue to ramp up in what industry analysts have described as a ‘remarkable series of results’ since the world class Liza find in 2015, neighbouring Suriname says it hopes to replicate this soon. The country’s...

On Wednesday, US-based oil services company Halliburton, in collaboration with the University of Guyana, hosted day two of a three-day introduction to oil and gas for children. The program, entitled, The Science of Energy: A Children’s Workshop, was held...

The South American country of Guyana is on the radar of every major oil company in the world now that a total of 14 discoveries have been made offshore in just four years and it has been proven that...

Efforts to re-balance the oil market could be in vain after the International Energy Agency (IEA) cut its oil demand growth forecasts for both 2019 and 2020 and pointed to strong non-OPEC supply driven by the US, Norway and...