President of the American Chamber of Commerce Guyana Inc. (AmCham) Zulfikar Ally is calling for secure investments of oil revenues and economic diversification in Guyana in order to guard against the pitfalls experienced by some oil-producing nations.
He was delivering...
In wake of the two recent discoveries announced in February 2019 by US oil major ExxonMobil, bringing the total finds offshore Guyana to 12, the company has since increased its gross recoverable resource estimate to greater than 5.5 billion...
ExxonMobil’s prime contractor for the manufacturing and installation of subsea equipment, TechnipFMC, days ago broke ground on its new location at Houston, on the East Bank of Demerara in Guyana.
According to ExxonMobil Guyana, the new TechnipFMC location will initially...
(S&P Global Platts) Surpassing Russia, Brazilian crude oil shipments for China's independent refineries topped the list in February at 2.17 million mt, S&P Global Platts monthly survey showed Tuesday.
Total imports from Brazil were just 54,000 mt more than those...
ExxonMobil said on Tuesday it has revised its Permian Basin growth plans to produce more than 1 million oil-equivalent barrels per day by as early as 2024 – an increase of nearly 80 percent and a significant acceleration of value.
The...
Over the next few months Italian oil and gas contractor Saipem will be ramping-up operations offshore Guyana as preparatory work gets underway ahead of the arrival of the Liza Destiny in Q3.
This includes a survey of the sea floor...
(Bloomberg) There’s enough as-yet-unassigned oil under the Atlantic Ocean off Brazil’s Rio de Janeiro to keep the entire world running for almost six months. So why is the crude just sitting there? A contract dispute between oil giant Petrobras...
(Bloomberg) Canada’s dollar dived Friday fgollowing worse-than-anticipated gross domestic product figures and traders pared their expectations for interest-rate hikes from the Bank of Canada.
The loonie, which has been one of the best-performing Group-of-10 currencies this year, weakened as much...
ExxonMobil on Thursday said it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well wrapping up what has been a good month with two major discoveries made earlier in February in the...
Guyanese Attorney–At–Law, Nigel Hughes, believes that uncertainty surrounding the current political climate in the South American country following the December 21 passage of a no-confidence motion against the government is hindering its ability to effectively prepare for the start...