News

Cabinet approves Natural Resources Fund Green Paper for Legislative Body

Guyana’s Cabinet Council of Ministers has granted approval for the Natural Resources Fund Green Paper to be laid in the National Assembly for consideration. This was announced by the country’s Chief Government Spokesman and Minister of State Joseph Harmon on...

Multi-million ExxonMobil funded development initiative to be launched

The “Guyana: Resilient and One (GRO) initiative” which is being funded by the ExxonMobil Foundation will be launched on Monday, August 6, 2018 at the Pegasus Hotel, Kingston, Georgetown. The initiative, which will be implemented in partnership with the University...

Kosmos in new Suriname oil search on prospects similar to ExxonMobil’s Longtail and Turbot

Kosmos Energy is days away from spudding its latest wildcat off Suriname where the US independent kicked up dust at its most recent well earlier this summer. According to an Upstream report published on Monday, the Dallas-based player will spud...

Liza SURF contractor Saipem awarded FEED contract for Ugandan refinery

Italian oil and gas industry contractor, Saipem, has been awarded a front-end engineering design (FEED) contract to build and develop a new refinery in Hoima, Uganda. According to Oil Review Africa, the award was made by the Albertine Graben Refinery...

Komos in $1.225B agreement to acquire Deep Gulf Energy

Kosmos Energy (NYSE/LSE: KOS) said on Monday it has entered into an agreement to acquire Deep Gulf Energy, a leading deepwater company operating in the Gulf of Mexico, from First Reserve and other shareholders for a total consideration of $1.225...

Strategic Recruitment Solutions – sourcing skills for the oil and gas industry

What's the best way to get a great job in the rapidly emerging oil and gas sector? If you’re up-to-date on current business trends, your best bet might be to sign up with Strategic Recruitment Solutions (SRS); a 100%-owned Guyanese...

ExxonMobil launches Instagram Page with ‘Project Experience Tunnel’

ExxonMobil on Saturday, August 4, launched its official Instagram Page with an informative “Project Experience Tunnel” as part of efforts to create more opportunities for building awareness among the Guyanese public about the company’s operations. Patrons visiting the Giftland Mall...

Noble new foray in Guyana establishes company as primary frontier driller

The addition of a second Noble drillship in the oil-rich waters off the Guyana coast is seen as a major boost for Noble Corporation and the strengthening of its relationship with US oil major, ExxonMobil; the operator in the...

“My office is at the complete disposal of Dr. Bynoe” – Trotman

Guyana’s Minister of Natural Resources Raphael Trotman has committed to supporting and working alongside the newly-appointed Head of the Department of Energy, Dr. Mark Bynoe in developing and administering the South-American nation’s oil and gas industry. Responsibility for Petroleum was...

Compilation of Guyana’s first EITI report to begin by September

The compilation of Guyana’s first Extractive Industries Transparency Initiative (EITI) report will commence by September 2018. So says the country’s Minister of Natural Resources Raphael Trotman, who was at the time speaking to media operatives on the sidelines of...

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Survey says Exxon is ‘Most Admired Explorer’ propelled by mega wins in Guyana

ExxonMobil has been named the most-admired upstream explorer in the world, according to Wood Mackenzie’s 2025 Exploration Survey, a...