News

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...

Future deepwater oil fields will enjoy twice the average estimated ultimate recovery (EUR) of fields already onstream and Guyana and Brazil are at the top of the list, according to consultancy group, Wood Mackenzie. In a new report, WoodMac said...

As public scoping meetings continue in Guyana ahead of the Environmental Impact Assessment (EIA) for the US$900 million gas-to-energy project, some concerns have been raised about the move by the Environmental Protection Agency (EPA) to withdraw its 2020 EIA...