News

Business representatives who recently returned to Guyana after a successful foray at the Offshore Technology conference in Houston, Texas, are expressing frustration and deep concern with the absence of a functional local content policy framework, as the country moves...

12 Guyanese will begin their careers in the oil and gas sector on June 3. The batch will receive training as Rig Clerks and will be stationed on the Noble Bob Douglas drillship on completion. Among the batch are...

US oil major ExxonMobil on Wednesday announced plans to significantly increase its earnings and cash flow generation by 2025 as it not only focuses on fossil fuel projects but also on its efforts to work on lower emission technologies,...

Director of Guyana’s Department of Energy (DE), Dr. Mark Bynoe says an important aspect of the department’s action plan is for it to be housed in a new building at an appropriate site within two years as Guyana continues...

Brazil’s Petroleo Brasileiro SA is nearing the sale of two oilfields in a process that could fetch around $1 billion and aid the state-run oil firm in its bid to reduce debt, Reuters said in a report on Tuesday. Petrobras,...

Guyana’s gross recoverable oil resource could stand at 6 billion barrels with potential for significant upside above this level according to US multinational investment bank, Morgan Stanley. In a recent research paper, the bank said its estimate is modestly above...

On the eve of Trinidad and Tobago’s government signing agreements with Shell and a number of other oil companies, former Prime Minister Kamla Persad-Bissessar has lashed out against her successor Dr Keith Rowley accusing him and his government of...

The level of interaction and involvement of more than 40 Guyanese who participated in a recent oil spill response (OSR) training workshop has been lauded by Exxon Mobil Corporation OSR Advisor, Thomas Tomblin, who said the class even surpassed...

The United States of America stands ready to assist the South American country of Guyana in its efforts to ensure the proceeds from oil production benefit all Guyanese. In a message on the occasion of Guyana’s 53rd independence anniversary celebrations,...

US multinational investment bank, Morgan Stanley, believes that oil development plans in the South American country of Guyana remain intact despite political uncertainty and a recent report pointing to anti-corruption investigations into the award of oil blocks. In a...