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Oil prices rise to one-month high

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 Oil & Gas Association takes lead in preparing for sustainable and competitive investment in Guyana

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...

What do you know about Exxon?

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...

Guyana welcomes the announcement made today by ExxonMobil – Ministry of Natural Resources

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...

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Guyana to engage U.S. partners on tariffs as gold, oil exports remain exempt

If Guyana has its way in talks with the United States, recently announced tariffs on Guyanese exports would be...