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Venezuela’s Maduro claims poll victory as opposition cries foul

(BBC) Electoral officials in Venezuela say turnout in the controversial election for a constituent assembly was 41.5%, a figure disputed by the opposition. The opposition coalition said 88% of voters abstained and it refused to recognise the election. It also...

Guyana can experience as much as 2000% increase in GDP over next 20 yrs – GCCI President

The economic explosion Guyana is expected to experience with coming oil production can see the country’s Gross Domestic Product (GDP) skyrocketing by as much as 2000% over the next two decades, according to President of the Georgetown Chamber of...

Multiple foreign companies being incorporated weekly in Guyana – Nigel Hughes

Director of the Guyana Oil and Gas Association, Nigel Hughes, says a development boom is clearly on the horizon in the South American country, fueled by the emerging oil and gas industry. But, it is up to Guyanese to...

ExxonMobil earns $3.4B in 2nd quarter 2017

Exxon Mobil Corporation today announced estimated second quarter 2017 earnings of $3.4 billion, or $0.78 per diluted share, compared with $1.7 billion a year earlier, as oil and gas realizations increased and refining margins improved. “These solid results across our...

Guyana will get oil revenue from day 1 of production – ExxonMobil

Revenue from oil production will begin flowing to the Guyana government from day one of production, ExxonMobil’s Upstream Operations Manager in Guyana, Doug Mc Gehee, has confirmed. He was speaking at the time at the launch of the Georgetown...

Canadian O&G trade mission due in Guyana expected to be first of many – High Commissioner

Over 19 Canadian companies are expected to be participating in an oil and gas trade mission to Guyana during the week of September 11-15, which, according to outgoing Canadian High Commissioner to Guyana, Pierre Giroux, could be the first...

Tullow updates exploration offshore Suriname, Guyana

(Offshore) Tullow Oil says a rig, reportedly the drillship Noble Bob Douglas, has been secured for a well this fall on the 500 MMbbl-plus Araku prospect offshore Suriname. Araku is a large structural trap which has been de-risked by results of a 3D seismic...

ExxonMobil declares cash dividend

The Board of Directors of Exxon Mobil Corporation on Wednesday declared a cash dividend of $0.77 per share on the Common Stock, payable on September 11, 2017 to shareholders of record of Common Stock at the close of business...

TechnipFMC shares slide

(Reuters) - TechnipFMC's shares slid on Tuesday, a day after the oil services company said it had overstated its first-quarter net income by $209.5 million. TechnipFMC said late on Monday that the overstatement stemmed from accounting errors related to its...

No final decision yet on second FPSO for Guyana – ExxonMobil

US super-major ExxonMobil says it has not yet made a final decision on a second Floating Production Storage and Offloading (FPSO) vessel for development and production operations offshore Guyana.With gross recoverable resources for the Stabroek block now estimated to...

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Pandora Energy, Western Logistics, SBM Offshore, MODEC, ExxonMobil among others to feature at UG Open Day & Job Fair April 17–18

The University of Guyana will host its Open Day & Job Fair 2026 on April 17 and 18 at...