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Venezuela’s Inflation to Reach 1 Million Percent, IMF Forecasts

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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...
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‘We are not embarrassed about who we are’ says Guyana’s Natural Resources Minister

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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...
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ExxonMobil estimate now exceeds 4 billion barrels; eyeing 750,000 bpd

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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...
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Halliburton records booming profit in Q2 2018

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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...
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Finance Minister vows ‘no massive expenditure’ to be incurred in anticipation of oil revenue

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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...
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ExxonMobil says it did not pay for NYT reporter’s visit to Guyana

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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...
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‘Corruption is a tax on citizens’ says Chamber President

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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...
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T&T’s NGC signs energy agreement with Grenada’s CPG

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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...
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Fmr US President’s intervention led to O&G discussions between Guyanese President and Opposition Leader

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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...
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Guyanese companies making progress in preparation for first oil – CLBD Director

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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...
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Trinidad Energy Minister Young to assume PM role as Rowley bows out

Stuart Young, Minister of Energy and Energy Industries of Trinidad and Tobago, will be the country’s next Prime Minister....

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