News

The most profitable deep-water projects on the planet are in Guyana

The colossal discoveries ExxonMobil has made in Guyana to date will help expand production and revenue generation through a number of projects analysts say will be the most profitable on the planet. “The colossal discoveries Exxon has made in Guyana...

Guyana delegation all set for UK O&G conference

The Georgetown Chamber of Commerce and Industry is currently seeking to strengthen its relationship with international oil and gas companies, as well as increase Guyana’s prominence as a prime location for foreign investment, by attending an upcoming major oil...

Rapid development of Guyana oil fields will maximise benefits to country – WoodMac

With volatility in global oil prices and a high degree of uncertainty about the long-term value of these resources, UK-based global consultancy group, Wood Mackenzie says rapid development of Guyana’s oil fields will maximise benefits to the South American...

Substantial oil resources to be unlocked in Norway through increased recovery projects

Increased recovery projects in Norway will unlock substantial oil resources, driven predominantly by the majority state-owned Equinor, says GlobalData, a leading data and analytics company. Daniel Rogers, Upstream Oil & Gas Analyst at GlobalData, comments: “Field expansion projects in Norway...

Suriname hoping to replicate Guyana’s ‘one find after the other’ lucky run

As oil discoveries in Guyana continue to ramp up in what industry analysts have described as a ‘remarkable series of results’ since the world class Liza find in 2015, neighbouring Suriname says it hopes to replicate this soon. The country’s...

Halliburton introduces children to oil and gas

On Wednesday, US-based oil services company Halliburton, in collaboration with the University of Guyana, hosted day two of a three-day introduction to oil and gas for children. The program, entitled, The Science of Energy: A Children’s Workshop, was held...

Guyana on the radar of every major oil company in the world

The South American country of Guyana is on the radar of every major oil company in the world now that a total of 14 discoveries have been made offshore in just four years and it has been proven that...

IEA sees oil supply glut in 2020

Efforts to re-balance the oil market could be in vain after the International Energy Agency (IEA) cut its oil demand growth forecasts for both 2019 and 2020 and pointed to strong non-OPEC supply driven by the US, Norway and...

Guyana oil prospects rapidly expanding with huge potential for national development

Just over 4 years ago Guyana was virtually unknown in the world of oil and gas with no proven oil reserves and scores of failed attempts to find this precious commodity. Fast-track to 2019 and 15 percent of conventional...

Global oil, natural gas exploration forecast to climb 35% from 2018

The second half of the year should see sustained increases in oil and natural gas exploration activity worldwide, according to analysts, Natural Gas Intelligence (NGI) said in an August 14 report. Another 35-40 high-impact exploration wells should be completed by...

Latest News

Guyana’s first major oil & gas training college to welcome full cohort next month

The long-awaited Guyana Technical Training College Inc. (GTTCI) is set to welcome its first cohort of students to be...