News

The Environmental Protection Agency (EPA) in Guyana has approved the final Environmental Impact Assessment Report for ExxonMobil affiliate Esso Exploration and Production Guyana Limited’s (EEPGL) Liza Phase 2 Development Project. The EIA covers development of production facilities in the...

Guyana’s Finance Minister, Winston Jordan, said 2019 will see the beginning of a major economic transformation in the South American country. This, he said, is a direct result of the emerging oil and gas sector. Mr. Jordan’s comments came just...

British High Commissioner to Guyana, Greg Quinn, will be leading a delegation of Guyanese business representatives to Aberdeen, Scotland from November 27 to 29. Aberdeen is considered the oil capital of Europe and the number of jobs that have been created by the...

(Bloomberg) Venezuela’s fuel shortages are worsening as mass resignations at the state oil company’s tanker fleet have delayed gasoline shipments. Petroleos de Venezuela SA’s refineries are running at less than a quarter of their capacity, forcing the country to rely on imported gasoline. Once...

(Reuters) - Oil fell to its lowest level in more than a year on Friday on continued concerns about a rising global surplus, even as producers considered cutting output to curb supply. Prices were on course for their biggest one-month...

(CMC) - A leading Caribbean academic says that while Venezuela's PetroCaribe initiative helped participating Caribbean Community (Caricom) countries get through a difficult patch, it also deterred investments in renewable energy. In 2005, Caracas developed an oil alliance with many Caribbean...

Dutch floater specialists SBM Offshore says work on the 1.6-million-barrel capacity Floating Production Storage and Offloading (FPSO) vessel – Liza Destiny, is progressing on schedule with all systems in place for delivery in 2019. SBM said that after finishing the...

(Reuters) - Oil bounced by more than 1 percent on Wednesday to claw back some of the previous day’s 6-percent plunge, lifted by a report of an unexpected decline in U.S. commercial crude inventories and record Indian crude imports. But...

US oil major ExxonMobil is rapidly developing vast oil reserves discovered off the Guyana coast in what analysts say are ideal conditions for a solid return on investment that will result in massive revenue for the company and its...

Guyana’s President David Granger has been given the greenlight to travel home after receiving treatment over the past 3 weeks for Non-Hodgkin Lymphoma in the Caribbean island of Cuba. The Guyana Embassy in Cuba said in a statement on Monday...