News

Iwokrama, UG ink MOU for PhD scholarship through ExxonMobil funded science programme

The Iwokrama International Centre said on Wednesday that it has signed an MOU with the University of Guyana (UG) to support a PhD scholarship at that institution under a science programme funded by ExxonMobil. The student, Arianne Harris, will work...

ExxonMobil will not be making contributions to political parties in Guyana – Deedra Moe

As the South American country of Guyana prepares for elections, set to take place on March 2, 2020, ExxonMobil, operator at the Stabroek Block where oil production could begin within days, is making it clear that it will not...

Operationalisation of wealth fund vital when oil production begins – Global Data Analyst

The need for Guyana’s Natural Resources Fund (NRF) to be operational when revenues begin flowing to the country from oil production is being emphasized by an analyst at Global Data who says this ensures transparency and guarantees the correct...

Not enough to expect “rising tide will lift all ships” – Guyanese Economist

As Guyana is now on the verge of becoming an oil producer resulting in billions of dollars in revenue flowing to the state in coming years, an economist is warning that it is not enough to merely expect that...

America blows past the world in oil and natural gas

(AXIOS) America is poised to produce far more oil and natural gas over the next five years than any other country in the world, according to a new report. Why it matters: It shows how America, already the world’s largest...

Exxon found not guilty in New York climate-change securities fraud trial, ending 4-year saga

(CNBC) New York’s Attorney General failed to prove that Exxon mislead shareholders over the true cost of climate change, a judge ruled Tuesday, ending the oil giant’s multiyear battle against the state. “The Office of the Attorney General failed to prove, by...

Orinduik partners advancing license in search of more oil offshore Guyana

The Joint Venture partners at the 1,800km2 Orinduik Block offshore Guyana have opted to enter the next exploration phase of the Orinduik Petroleum Agreement and have since submitted their official notice to the South American country’s Department of Energy. The JV...

Data from dry holes ‘sharpen chances of success’ in future exploration – Staatsolie

Despite encountering 6 dry holes in its Nearshore Drilling Project (NSD), Suriname state oil company Staatsolie says the campaign allowed for valuable data to be collected which could play a key role in ultimately hitting pay offshore the Dutch-speaking...

Brazil will drill massive oil find despite climate concerns: minister

(Reuters) - Brazil will push to expand oil drilling in its massive “pre-salt” oil and gas area off its coast in spite of growing global concerns about climate change, the country’s energy minister told Reuters on Monday. Brazil’s Mines and...

Maximising local content, developing Guyanese workforce are top priorities – SBM Offshore

SBM Offshore says it remains committed to building the capacity of its Guyanese workforce as part of plans to become fully integrated in the South American country. These objectives were emphasised at the second annual Guyana International Petroleum Exhibition (GIPEX),...

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Letter-to-the-Editor: The Guyana Super League is redefining cricket in Guyana

As an aspiring cricketer and proud Guyanese, I’m excited to see how the Guyana Super League (GSL) is not...