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...