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University of Guyana seeking specialists for O&G department

The University of Guyana (UG) has begun the process of recruiting specialist for its incoming Department of Petroleum and Geological Engineering in the Faculty of Engineering and Technology which is scheduled to become operational from January 2019. Addressing the ‘Local...

Romania offers O&G training to Guyana

The Southeastern European nation of Romania has expressed interest in cooperating with Guyana in the area of Oil and Gas (O&G).  Guyanese Minister of Foreign Affairs Carl Greenidge, during a press conference at his South Road, Georgetown, office on...

‘We are not embarrassed about who we are’ says Guyana’s Natural Resources Minister

US Oil Company, ExxonMobil’s announcement on Monday that the updated total estimated recoverable resources for the Stabroek Block, offshore Guyana now stand at more than 4 billion oil-equivalent barrel is a “big deal for Guyana.” This is the view of the country's...

ExxonMobil estimate now exceeds 4 billion barrels; eyeing 750,000 bpd

ExxonMobil Corporation said on Monday its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana has increased to more than 4 billion oil-equivalent barrels and has advanced its evaluation to support a third phase of development...

Halliburton records booming profit in Q2 2018

US multinational corporation Halliburton posted a significant increase in profit in the second quarter of 2018. Net profit for the three months ending June 30 was $511 million compared to just $28 million a year earlier and $46 million...

Finance Minister vows ‘no massive expenditure’ to be incurred in anticipation of oil revenue

This is the view of Minister of Finance, Winston Jordan, as he was at the time responding to the Guyana Election Commission (GECOM)’s request for additional monies to aid in the hosting of Local Government Elections, which is set...

Letter-to-the-Editor: Times article an insult to Guyanese; SWF not in limbo

Dear Editor, We note with disappointment the article in the New York Times by Clifford Krauss entitled “The $20 Billion Question.” We do not wish to address the laughably simplistic and selective description of our country as a land where...

ExxonMobil says it did not pay for NYT reporter’s visit to Guyana

In the aftermath of fallout from a New York Times (NYT) article on Guyana’s preparation for oil, ExxonMobil Guyana in a statement issued today said that it did not pay for the reporter to travel to the South American...

‘Corruption is a tax on citizens’ says Chamber President

During the Georgetown Chamber of Commerce and Industry’s (GCCI) inaugural Business Development Forum on Friday, July 20, Guyanese businesses were urged to position themselves to benefit from the Oil and Gas (O&G) value chain. Addressing the opening ceremony at the...

T&T’s NGC signs energy agreement with Grenada’s CPG

The National Gas Company (NGC) of Trinidad & Tobago has finalised a commercial agreement with the Global Petroleum Group (GPG) operating in Grenada, according to an article in the OECS Business Focus. The agreement is said to mark a major...

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Letter to the Editor: Seeing change in simple ways

Dear Editor, Some time ago, I wrote about how surprised I was to see real benefits from Guyana’s growing oil...