News

After a difficult few years, the exploration sector is back in the black – and keen to stay there. New analysis from Wood Mackenzie shows that explorers’ success in 2018 reflects a disciplined approach that’s set to continue this...

Spanish oil company Repsol will begin undertaking a geotechnical survey in the Kanuku Block offshore Guyana on Saturday. The survey activities are scheduled to continue until February 24. The MV Regulus will conduct the operation some 66 nautical miles from...

Commissioner General of the Guyana Revenue Authority (GRA), Godfrey Statia, believes that the staff at the agency must be exposed to advanced training in oil and gas as the South American country prepares for first oil within months. Currently, training...

As a result of Caricom’s suspension of the Common External Tariff for Guyana’s fuel supplies, the Ministry of Finance and the Guyana Oil Company announced a significant reduction in prices for Motor Gasoline and Gasoil or low Sulphur diesel...

Anadarko Petroleum Corporation said on Friday that it has signed a long term agreement with the trading division of China's state-owned offshore oil and gas producer CNOOC Ltd to supply liquefied natural gas (LNG) from Mozambique. According to an article...

The Guyana Revenue Authority has been able to procure the services of an oil and gas expert to assist with the development of its oil and gas unit within the agency. The expert, Alnoor Kassam, is the former head of the oil...

Exxon Mobil Corporation on Friday announced estimated 2018 earnings of $20.8 billion compared with $19.7 billion a year earlier. The company said that excluding U.S. tax reform and asset impairments, earnings were $21 billion, compared with $15.3 billion in 2017. “Cash...

Guyana’s GAICO Construction Inc and the Corena Group from Finland announced the signing of a joint venture agreement on Thursday in the South American country's capital city of Georgetown. Having recognized the growth of the oil and gas industry...

Driven by its significant investment in Guyana, ExxonMobil is leader of the pack among the top oil and gas explorers of 2018, according to Rystad Energy’s annual exploration review. “ExxonMobil was exceptional, both in terms of discovered volumes and value...

As it looks to support plans to double operating cash flow and earnings by 2025, Exxon Mobil Corporation on Thursday announced that it will streamline its upstream organization and centralize project delivery across the company. ExxonMobil is leading the charge in Guyana...