News

ExxonMobil’s Low Carbon business could garner trillions in revenue that could potentially see it outgrowing oil, a decade from now, said its Chief Executive Officer (CEO) Darren Woods. Woods told Wall Street investors that the supermajor is targeting what should...

The International Court of Justice (ICJ) on Thursday struck down Venezuela's preliminary objection against the admissibility of Guyana's case before the Court. The ruling removes a roadblock Venezuela intended to set up to prevent a final settlement of the...

SBM Offshore Guyana said eight Guyanese engineers officially completed its Graduate Engineers’ Programme. A graduation ceremony was held for the engineers, who make up the first cohort to benefit from this training, on March 31.   The programme provided international...

Petroleum Geo-Services (PGS) said in a new report this week that similar trends to the prolific “Golden Lane” of discoveries, which include Liza in the Stabroek Block offshore Guyana, have been identified in the country's outboard licensing blocks D1,...

QatarEnergy said it has agreed to hold a 25% share in the Gas Growth Integrated Project (GGIP) - a multi-billion-dollar project aimed at monetising and developing the natural gas resources of the Republic of Iraq. The GGIP consortium will be...

Guyana could move one step closer to ending the more than a century long border controversy with its Spanish-speaking neighbour Venezuela, should the World Court rule in its favour on Venezuela's preliminary objections to the admissibility of the matter....

Recent media reports have zeroed in on what was purported to be the final findings from an IHS Market audit of ExxonMobil’s 1999-2017 costs for its Stabroek Block operations.  But Commissioner General of the Guyana Revenue Authority (GRA) Godfrey Statia...

Immediate past President of a key business group in Guyana - the Georgetown Chamber of Commerce and Industry - Timothy Tucker, says everyone, except the commercial banks, is betting on the new oil producing South American country. This is...

Trinity Exploration & Production said in a 2023 Q1 operational update that wellsite preparation for the onshore deep Jacobin well is underway, with the prospect expected to be spudded in late April. The company has a 100% interest in the...

Access to finance continues to be the common theme in local content discussions, as it remains a main hindrance to the success of local enterprises desirous of tapping into Guyana’s expanding oil sector.  As the inaugural Local Content Summit 2023...