News

As Guyana prepares to submit its first report to the Extractive Industries Transparency Initiative (EITI), the organization said on Wednesday that its Board assessed the status of eight implementing countries, including Ethiopia, Ghana, Guinea, Malawi, Mauritania, Nigeria, Norway and...

The probability of finding oil offshore Jamaica improved to a one-in-five chance of success, based on an independent report utilising 3D data, the Jamaica Gleaner reported on Wednesday. The 2019 report also upsized the 2017 baseline estimates of the quantity...

ASTANA (Reuters) - Kazakh President Nursultan Nazarbayev ordered his government on Wednesday to tap the country’s rainy-day fund for $3.6 billion in order to boost public sector salaries and social aid payouts and develop housing and infrastructure. Nazarbayev, who has...

The Guyana affiliate of the American Chamber of Commerce (AmCham) will be hosting a Business Forum and Outreach with members of the business community in New York on March 2 at the Inter-Continental Hotel at Times Square. The forum was...

ExxonMobil said on Tuesday it added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year’s production. The company said continuing success in exploration and strategic acquisitions in Guyana and Brazil have...

The Integrity Commission in Guyana which is tasked with combating corruption in public office, is looking to add officials from the Department of Energy to its list of persons required to declare their assets. Assets, according to the Integrity Commission,...

A total of 25 Guyanese, including three women, graduated from the TOTALTEC Academy on February 21, 2019, bringing the number of persons to complete the one-year old programme to over 100. The graduating class is now trained and ready to...

(Bloomberg) Venezuela is running out of space to store its sanction-stained crude that few dare to buy, forcing it to reduce output at a time when the world is thirsty for heavy, sulfurous oil. Tankers holding 8.36 million barrels of...

More than 1,000 middle-school girls in the United States have joined ExxonMobil for the company’s 16th annual Introduce a Girl to Engineering Day, which aims to inspire female students to consider engineering as a career. Over several days, employees from ExxonMobil and its subsidiary...

(CNN) Vice President Mike Pence said the US will impose additional sanctions on Venezuelan leaders and pledged more aid to the region as he called on nations to do more to confront embattled President Nicolas Maduro's government. "To leaders around...