News

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...

(S&P Global Platts) Crude futures rallied nearly 3% March 11 amid a rising tide of bullish sentiment fueled by improved second-half 2021 outlooks. NYMEX April WTI settled $1.58 higher at $66.02/b, and ICE May Brent climbed $1.72/b to $69.62/b. In its...

(S&P Global Platts) Shell has appointed Andrew Mackenzie, former CEO of mining giant BHP and a former senior leader at BP to take over as chairman starting May, as the Anglo-Dutch major pursues a new transition strategy, it said...

Just over a year since oil production began at the Stabroek block offshore Guyana, the government secured its highest price yet for the export of Liza crude in February, coming in wake of a 12-month period that saw massive...