News

Canada-Guyana Chamber says now is the time to invest in economy projected to be world’s most oil intensive by 2025

The expanding oil and gas operations in Guyana will have a significant impact on other industries in the country, according to the Canada-Guyana Chamber of Commerce (CGCC). The Chamber says this is the ideal time for foreign businesses to...

For Guyana, retaining the resource-rich Essequibo region ‘is a life-or-death matter’ – Ivelaw Griffith

Ivelaw Lloyd Griffith, former Vice Chancellor of the University of Guyana and Senior Associate with the Center for Strategic and International Studies says a great deal is riding on the outcome of the border controversy between Guyana and Venezuela,...

Total, CNOOC enter agreements with Uganda and Tanzania for $3.5 billion pipeline

(Reuters) -Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion crude pipeline to help ship crude from fields in western Uganda to international markets. France’s Total and China’s...

Touchstone confirms ‘liquids rich’ natural gas discovery in Trinidad and Tobago

Canada-based oil and gas company Touchstone Exploration Inc. said on Monday the completion of flowback testing of the Cascadura Deep-1 well in Trinidad and Tobago confirms a liquids rich natural gas discovery. Touchstone has an 80 percent operating working...

Exxon’s Greater Guyana Initiative brings Zoom Rooms project to University of Guyana

The University of Guyana (UG) on Saturday launched its Zoom Rooms project which it says lays down the first building blocks for its blended-learning architecture. The project is part of a gift under the ExxonMobil and Stabroek Block co-venturers...

Expert urges development of gas master plan, expects resources to continue growing

The Liza-1 well offshore Guyana could supply the country with approximately 50 million standard cubic feet of natural gas per day and one expert says future exploration campaigns by ExxonMobil at the prolific Stabroek Block could see much more...

Supermajor Shell and others drilled multiple wells offshore Guyana and came up dry, then Exxon hit the jackpot

Bordered by oil producing giants such as Venezuela and Brazil, the evidence of possible hydrocarbon accumulations in Guyana dates back to the 1700s, when oil traces were reported. However, the quest for unlocking the subsurface riches began in earnest...

India’s thirst for more crude grows, focus deepens on Guyana, Venezuela and Iran

India Petroleum Minister Dharmendra Pradhan says New Delhi has an aggressive diversification strategy in place that provides flexibility in sourcing cargoes from a world awash with oil. The country has been buying new grades from areas outside of the Middle...

Brazil’s Bolsonaro wants to change Petrobras’ fuel-price policy

(S&P Global Platts) Rio de Janeiro — Brazilian President Jair Bolsonaro once again warned of changes at state-led Petrobras in a move that raised the specter of renewed government interference at the company that could lead to changes in...

Partnership is fastest way to help Guyanese build capacity for oil sector – GCCI President

While it is well known that most partnerships are not always successful, it is still a crucial mechanism to help Guyanese build capacity in a very short time so that they can participate in the oil sector. This is...

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Chevron says US$2.2B Q1 earnings “solid” despite disruptions

Chevron reported first-quarter earnings of $2.2 billion on Friday, down from $3.5 billion a year earlier, but said performance...