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(Bloomberg) Venezuela’s inflation will skyrocket to 1 million percent by the end of the year as the government continues to print money to cover a growing budget hole, the International Monetary Fund predicted on Monday. The crisis is comparable to that of...

US Oil Company, ExxonMobil’s announcement on Monday that the updated total estimated recoverable resources for the Stabroek Block, offshore Guyana now stand at more than 4 billion oil-equivalent barrel is a “big deal for Guyana.” This is the view of the country's...

ExxonMobil Corporation said on Monday its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana has increased to more than 4 billion oil-equivalent barrels and has advanced its evaluation to support a third phase of development...

US multinational corporation Halliburton posted a significant increase in profit in the second quarter of 2018. Net profit for the three months ending June 30 was $511 million compared to just $28 million a year earlier and $46 million...

This is the view of Minister of Finance, Winston Jordan, as he was at the time responding to the Guyana Election Commission (GECOM)’s request for additional monies to aid in the hosting of Local Government Elections, which is set...

In the aftermath of fallout from a New York Times (NYT) article on Guyana’s preparation for oil, ExxonMobil Guyana in a statement issued today said that it did not pay for the reporter to travel to the South American...

During the Georgetown Chamber of Commerce and Industry’s (GCCI) inaugural Business Development Forum on Friday, July 20, Guyanese businesses were urged to position themselves to benefit from the Oil and Gas (O&G) value chain. Addressing the opening ceremony at the...

The National Gas Company (NGC) of Trinidad & Tobago has finalised a commercial agreement with the Global Petroleum Group (GPG) operating in Grenada, according to an article in the OECS Business Focus. The agreement is said to mark a major...

Former President of the United States James Earl Carter, commonly referred to as Jimmy Carter has contacted the Guyanese Head of State David Granger and Leader of the Opposition Bharrat Jagdeo in relation to matters regarding the emerging Oil...

Guyanese businesses have improved their systems and are successfully joining the supply chain for the South American nation’s emerging petroleum industry. So says Project Director of ExxonMobil Guyana's Center for Local Business Development (CLBD) Patrick Henry who disclosed that over...