(Reuters) - Oil slumped more than $5 a barrel on Monday, headed for its worst day since March, after OPEC+ agreed to boost output, stoking fears of a surplus as rising COVID-19 infections in many countries threaten demand.
Crude oil's...
The rapid increase in oil production offshore Guyana will perhaps be coming at one of the most opportune times in the boom-and-bust cycle of the industry as more experts agree that a major supply crunch is on its way...
Toolsie Persaud Limited, a Guyanese family-owned business that has been in operation for over eight decades, is hoping to be a major supplier for ExxonMobil and other companies operating offshore the South American country. With the creation of its...
ExxonMobil is continuing developmental operations at the Payara field located at the Stabroek Block offshore Guyana.
Current operations are incorporating the use of the PSV Skandi Rona at an area situated approximately 112 nautical miles (207.42 kilometers) off the coast...
ExxonMobil affiliate Esso Exploration and Production Guyana Ltd (EEPGL) is set to undertake geotechnical and geophysical pipeline route surveys within Guyana’s Exclusive Economic Zone.
According to the Maritime Administration Department (MARAD), this exercise is scheduled to conclude on October 15,...
(Reuters) - OPEC+ ministers will meet on Sunday in another attempt to agree a quick oil supply boost to address soaring oil prices as the global economy recovers from the coronavirus pandemic.
The group, which includes OPEC countries and allies...
With revenues from its booming oil and gas sector and its projected long-term growth trajectory, Guyana is expected to play a lead role in the Caribbean region’s development in the coming years. So says President of the Caribbean Development...
An S&P Global Platts Analysis
Indian refiners have been snapping up maiden import deals for newer crudes such as Guyana's Liza and Brazil's Tupi in a sign that one of Asia's fastest-growing oil consumers is increasingly looking to diversify its...
The Council on Foreign Relations
Written by Amelia Cheatham and Rocio Cara Labrado
Venezuela’s descent into economic and political chaos in recent years is a cautionary tale of the dangerous influence that resource wealth can have on developing countries.
Venezuela, home to...
The Centre for Local Business Development on July 15, 2021, launched its ‘Accelerate Her’ and the ‘Cherie Blair Foundation for Women - Road to Growth’ programmes which are geared towards building the capacity and marketability of women-led businesses in...
