Monday, February 6, 2023

News

Scientists turn to big data in hunt for minerals, oil and gas

OSLO (Reuters) - Scientists searching for everything from oil and gas to copper and gold are adopting techniques used by companies such as Netflix or Amazon to sift through vast amounts of data, a study showed on Tuesday. The method...

US imposes sanctions on Venezuelan leader Nicolas Maduro

(BBC) The US government has branded Venezuela's President Nicolás Maduro "a dictator" and frozen any US assets, after he held a controversial poll to elect a constituent assembly. Under the sanctions, US firms and individuals are banned from doing business...

Transformation to oil producer in less than 5 yrs “unprecedented in the world” – Canadian High Commissioner

The challenges facing Guyana as it prepares for oil production in 2020 will be bigger, since the country’s rapid move to first oil gives it less than 5 years from the initial discovery, to fully prepare. Outgoing Canadian High Commissioner...

Venezuela’s Maduro claims poll victory as opposition cries foul

(BBC) Electoral officials in Venezuela say turnout in the controversial election for a constituent assembly was 41.5%, a figure disputed by the opposition. The opposition coalition said 88% of voters abstained and it refused to recognise the election. It also...

Guyana can experience as much as 2000% increase in GDP over next 20 yrs – GCCI President

The economic explosion Guyana is expected to experience with coming oil production can see the country’s Gross Domestic Product (GDP) skyrocketing by as much as 2000% over the next two decades, according to President of the Georgetown Chamber of...

Multiple foreign companies being incorporated weekly in Guyana – Nigel Hughes

Director of the Guyana Oil and Gas Association, Nigel Hughes, says a development boom is clearly on the horizon in the South American country, fueled by the emerging oil and gas industry. But, it is up to Guyanese to...

ExxonMobil earns $3.4B in 2nd quarter 2017

Exxon Mobil Corporation today announced estimated second quarter 2017 earnings of $3.4 billion, or $0.78 per diluted share, compared with $1.7 billion a year earlier, as oil and gas realizations increased and refining margins improved. “These solid results across our...

Guyana will get oil revenue from day 1 of production – ExxonMobil

Revenue from oil production will begin flowing to the Guyana government from day one of production, ExxonMobil’s Upstream Operations Manager in Guyana, Doug Mc Gehee, has confirmed. He was speaking at the time at the launch of the Georgetown...

Canadian O&G trade mission due in Guyana expected to be first of many – High Commissioner

Over 19 Canadian companies are expected to be participating in an oil and gas trade mission to Guyana during the week of September 11-15, which, according to outgoing Canadian High Commissioner to Guyana, Pierre Giroux, could be the first...

Tullow updates exploration offshore Suriname, Guyana

(Offshore) Tullow Oil says a rig, reportedly the drillship Noble Bob Douglas, has been secured for a well this fall on the 500 MMbbl-plus Araku prospect offshore Suriname. Araku is a large structural trap which has been de-risked by results of a 3D seismic...

Latest News

Exxon cops OTC award for Liza developments offshore Guyana

The Offshore Technology Conference (OTC) presented ExxonMobil with the OTC Distinguished Achievement Award in recognition of its affiliate Esso...