News

New oil producer Guyana will continue to see growing interest from investors around the world looking to tap into the opportunities the offshore multi-billion-barrel hydrocarbon resources are providing. U.S Ambassador to Guyana, Sarah-Ann Lynch says now is the time...

UK-based Tullow Oil said Monday its Joint Venture partners have received extensions to their exploration licences for Blocks 10BB and 13T in Kenya to the end of 2021. This follows the approval of the work programme and budget for next...

The blacklisting of state-run upstream company China National Offshore Oil Corporation by the US government on December 3 has raised the stakes for China's oil and gas companies amid worsening trade and diplomatic relations between the two countries, S&P...

Since 2015, US oil field service company Halliburton has been providing various drilling and completion services in Guyana, all of which were initially supported from neighbouring Trinidad and Tobago. The company has developed what it describes as ‘an early...

Hess Corporation said it is encouraged by the exploration success of Apache and Total in Suriname’s Block 58 where three discoveries have so far been made and the search for more hydrocarbon continues. John Hess, CEO of Hess Corporation said...

(Bloomberg) Iran is sending its biggest fleet yet of tankers to Venezuela in defiance of U.S. sanctions to help the isolated nation weather a crippling fuel shortage, according to people with knowledge of the matter. Some of the flotilla of...

Guyana is the world’s largest producer of Atlantic seabob, a commercially important shrimp that is caught from the Atlantic coast of the US all the way down to Brazil. With the emerging oil and gas industry in Guyana, the...

(Reuters) - State-owned Bank of China (BoC) has been fined 50.5 million yuan ($7.73 million) over irregularities in a loss-making product linked to crude oil, the banking regulator said on Saturday. The China Banking and Insurance Regulatory Commission began an...

Guyana’s President, Dr Irfaan Ali on Friday announced the formulation of a joint high-level team comprising government and private sector representatives to examine the existing barriers to trade which the country faces, particularly in the CARICOM region. The Head of...

The emergence and fast-paced development of Guyana’s promising oil and gas sector has had a positive impact on and been a catalyst for international partnerships between local and foreign businesses. These partnerships are resulting in employment and capacity building...