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Guyana’s industrial development has been stymied by “inadequate, unreliable, costly, and environmentally unfriendly energy” for too long but with some GY$29.4 billion (US$147 million) set aside for the country’s energy sector, that is about to change. Senior Minister with responsibility...

The Guyana government presented its 2022 National Budget on Wednesday in the National Assembly where it was disclosed that GY$20.8 billion dollars is being earmarked for the landmark gas-to-energy project. With the country’s energy demand expected to grow within the...

At the end of 2021, Guyana's total export earnings amounted to US$4,352 million, 68 percent higher than the US$2,590 million earned in 2020. According to the country’s Finance Minister, Dr. Ashni Singh during his 2022 budget presentation on Wednesday,...

Senior Minister with responsibility for Finance in Guyana, Dr. Ashni Singh disclosed during his 2022 budget presentation on Thursday in the National Assembly that a total of 42.7 million barrels of oil were produced in 2021 from the ExxonMobil-operated...

(Reuters) - Oil rose towards $89 a barrel on Wednesday, within sight of a seven-year high, supported by tight supply and geopolitical tensions in Europe and the Middle East that raise concerns about further disruption. U.S. President Joe Biden said...

ExxonMobil is set to continue exploration activities offshore Guyana at the Tarpon-1 prospect located approximately 121.5 nautical miles (225 kilometers) offshore covering an area of 0.29 square nautical miles (1 square kilometer). OilNOW understands the Stena DrillMAX will be engaged...

U.S. energy company Hess Corporation revealed on Monday that it has allocated a whopping US$2.6B towards its 2022 Exploration and Production budget.  Interestingly, the American explorer said the majority of this expenditure will go towards projects in Guyana and the Bakken. Hess...

‘People-centred and geared towards transformation’ are the words being used to describe Guyana’s first national budget set to be presented today in Parliament which will be backed by some of the more than US$600 million in oil revenues now...

Minister of Natural Resources Vickram Bharrat has confirmed that the Government of Guyana is continuing its search for auditors to examine ExxonMobil’s 2018-2020 costs. In his written responses to questions relating to the audit, Mr. Bharrat told the National Assembly...

Halliburton announced on Monday that its total revenue for the fourth quarter of 2021 was $4.3 billion compared to revenue of $3.9 billion in the third quarter of the year. The company said in its drilling and evaluation division, revenue was US$1.9 billion—an increase...