News

Guyanese logistics company, Western Logistics has been thriving as a result of the business opportunities being provided by the oil and gas sector. Operations Manager of the company, Pradeep Ramoutar spoke of the role the oil industry played in the...

(S&P Global Platts) Total and Apache Corp. will continue their oil exploration program offshore of Suriname after ceasing drilling in one key test well upon facing "substantial pressure increases," but only after they had already struck oil at shallower...

ExxonMobil Guyana said on Saturday the flash gas compressor has arrived offshore for reinstallation on the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel after undergoing repairs and upgrades in Germany. “The repaired and upgraded flash gas compressor and...

New oil producer Guyana has been at the top of the global list for discovered resources since U.S oil major ExxonMobil made its first world class discovery in 2015. The company has made a total of 18 discoveries out...

Guyana is on a transformational journey as a result of the benefits of the oil and gas industry, and the United States’ Ambassador to Guyana, Sarah Ann-Lynch says that key to the country’s balanced growth is the creation of...

Former Guyana President, Donald Ramotar has been awarded GY$20 million (approximately US$96,000) in damages by High Court Judge, Justice Navindra Singh in his defamation suit against Kaieteur News and its sister company Kaieteur Radio, Publisher Glenn Lall and the...

Guyana has started the year with an exploration disappointment as a partner in the ExxonMobil-operated Canje block last week revealed that the first wildcat in the license failed to deliver. However, Rystad Energy expects exploration activity in the country...

U.S oil major ExxonMobil has firmed up contract coverage for several Noble rigs under the Commercial Enabling Agreement it has with the drill company for operations in the Guyana-Suriname basin. The agreement defines contract terms for the continuation of...

The Centre for Local Business Development (CLBD) has been making progress in its talks with banking institutions in Guyana regarding access to financing for businesses operating in the oil and gas industry. The Centre’s Director Dr. Natasha Gaskin-Peters said this...

By The Value Portfolio (Published on Seeking Alpha) Exxon Mobil (NYSE: XOM) is one of the largest publicly traded oil companies in the world. The company has recovered admirably from its COVID-19 lows towards a market capitalization of ~$260 billion. However, it's...