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University of Guyana seeking specialists for O&G department

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The University of Guyana (UG) has begun the process of recruiting specialist for its incoming Department of Petroleum and Geological Engineering in the Faculty of Engineering and Technology which is scheduled to become operational from January 2019. Addressing the ‘Local...
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Romania offers O&G training to Guyana

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The Southeastern European nation of Romania has expressed interest in cooperating with Guyana in the area of Oil and Gas (O&G).  Guyanese Minister of Foreign Affairs Carl Greenidge, during a press conference at his South Road, Georgetown, office on...
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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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TechnipFMC mobilizes first subsea 2.0® tree from Guyana for Uaru development

TechnipFMC marked a key milestone for its configure-to-order Subsea 2.0® platform, which has benefited from its global talent pool....

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