News

In the first three quarters of 2023, Guyana received US$1.038 billion in oil revenues, representing a 32% increase compared to the US$786 million received during the same period in 2022. Disaggregated, the government’s natural resource fund (NRF) received US$872.83...

ExxonMobil Guyana said it remains on track to complete the pipeline for the country’s Gas-to-Energy project set to come online in 2024.  Providing an update on October 17, President of the company, Alistair Routledge, said pipelaying is currently underway in...

Affiliates of QatarEnergy and Eni have signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) for the supply of up to one million tons per annum (MTPA) of LNG from Qatar to Italy. Pursuant to the SPA,...

Chevron Corporation announced on Monday that it has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on...

In a notable move that may have significant implications for the future of U.S. oil production, ExxonMobil's recent acquisition of Pioneer Natural Resources for US$64.5 billion is drawing attention and praise. The deal, the largest in the upstream industry...

QatarEnergy and Shell have cemented their partnership with the signing of two significant long-term LNG sale and purchase agreements (SPAs) for the supply of up to 3.5 million tons per annum (MTPA) of liquefied natural gas (LNG). The agreements...

The persistent conflict between Israel and Hamas, the Palestinian militant group, is casting a looming shadow over the regional natural gas market. This situation raises concerns about the potential repercussions for Europe's liquefied natural gas (LNG) supply as the...

The U.S. Department of Energy has taken steps to acquire six million barrels of crude oil, scheduled for delivery between December and January, as part of its energy security strategy. Market reports suggest that the purchase contracts will be...

Guyana's hospitality industry is experiencing significant growth in tandem with its booming oil and gas sector, resulting in a surge of internationally branded hotels being constructed in and around the nation's capital, Georgetown - the epicenter of the oil...

A new hydroponic farming project initiative has been launched in Guyana - the largest in the Caribbean, according to President, Irfaan Ali with 300 young Guyanese being the beneficiaries.  The funding comes from the Greater Guyana Initiative (GGI) - a...