High commodity prices, inflated by Russia’s invasion of Ukraine, are a boon for Russia, according to U.K. based consultancy group Wood Mackenzie. Higher export revenues will boost an existing fiscal surplus and swell buoyant financial reserves.
According to Simon Flowers,...
Russia’s invasion of Ukraine has thus far resulted in the death of 137 soldiers and civilians with hundreds wounded. This has attracted worldwide condemnation and some of the harshest sanctions the Vladmir Putin administration has ever faced.
The Russian attack...
The application of technology across a broad spectrum of its operations in Guyana has enabled ExxonMobil to deliver significant discoveries at an unprecedented rate since the company hit the first jackpot at Liza-1 just under seven years ago. This...
Guysons K + B Industries (GKB) plans to spend US$37.5 million to repurpose a factory located on Guyana’s East Coast corridor to provide oil country tubular goods (OCTG) and premium accessory services to the oil and gas sector.
GKB, a...
(Reuters) - Oil prices surged on Thursday, with Brent breaching $100 a barrel for the first time since 2014, after Russia attacked Ukraine, exacerbating concerns that a war in Europe could disrupt global energy supplies.
After Russian President Vladimir Putin...
By Jerry Haar and Siddharth Upadhyay – OilNOW
There is no doubt that Guyana is poised to become the Saudi Arabia of South America. As reported in OilNOW late last year, ExxonMobil—the largest oil company operating in Guyana—announced that since...
A venture between 3t EnerMech and Orinduik Development Incorporated Training Centre will deliver Guyana’s first in-country, state-of-the-art training facility for the local workforce, supporting the development of the country’s fast growing offshore oil and gas sector. 3t EnerMech said...
Plans for Suriname’s first offshore oil development are advancing at what is turning out to be the country’s most prolific deepwater acreage at Block 58 where another discovery was announced just this week.
APA said in its Q4 2021 Financial...
As required by Guyana’s Local Content Act, the Local Content Registry became operationalised on Tuesday afternoon. This portal compiles a list of suppliers from which goods and services may be procured, or as an individual seeking employment within the...
Business intelligence firm, IHS Markit, has assessed Guyana as the 10th most competitive exploration and production jurisdiction in its Petroleum Economics and Policy Solutions (PEPS) analysis.
“Guyana today is in a competitive position… and I hasten to add, ahead of...
