News

Coal prices are soaring, hitting $462 per tonne on Thursday, up from $186 on February 23 and likely to pass $500 this year, Rystad Energy said following its new research. While most of Europe and the wider world have focused on how...

As oil producers in the Latin America region mull a balancing act between petroleum extraction and sustainability, Americas Market Intelligence has predicted that the all-time high oil price brought on by the Russian invasion of Ukraine will delay the...

CGX Energy Inc. and Frontera Energy Corporation announced on Friday that they have entered into a financing agreement for a US$35 million loan that will enable CGX to continue to finance part of its share of costs related to...

Haifa University has bestowed geologist and Co-founder of  Ratio Energy, Eitan Aizenberg with an honorary doctorate for his contribution and groundbreaking work in the field of geology, which has made a valuable contribution to the State of Israel. In 1992,...

As of February 28, 2022, Guyana’s Natural Resource Fund (NRF) received GY$23B in profit oil inclusive of royalty payments from Q4 2021. Bank of Guyana records show that for January 2022 the royalties collected totaled, GY$3,354,340,000 while profit oil payments...

ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) on Wednesday told reporters that in the very unlikely event a major accident such as an oil spill occurs at the offshore Stabroek Block, the consortium has the technical and...

Public concerns or complaints related to ExxonMobil’s operations in Guyana can be recorded and addressed through a Community Grievance Mechanism. The company’s Media and Communication Manager, Janelle Persaud, pointed out to reporters on Wednesday that the Mechanism’s purpose is for...

When senior officials from the Joe Biden administration -- including the National Security Council's director for the Western Hemisphere, Juan Gonzalez, and the US special presidential envoy for hostage affairs, Roger Carstens -- were dispatched to Caracas over the...

Between December 2019 when oil production started in Guyana, and the end of 2021, the country had received around US$608 million from a total of 9 oil lifts averaging 1 million barrels each, and royalty payments. But what Guyana...

With the oil price at an all-time high and set to go even higher, Richard Rambarran, a lecturer of economics at the University of Guyana, Tuesday urged Guyana to consider establishing a modular refinery to meet at least its...