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Local content framework in Guyana to be in place “long before first oil” – Dept. of Energy

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“We are confident that there will be a Local Content framework long before first oil.” This assurance was given by Director of the Department of Energy, Dr. Mark Bynoe as he addressed media operatives at his first press conference...
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Bynoe says gov’t will honor ExxonMobil contract even as it looks to design new model PSA

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Speaking at his first official press conference since assuming office, Head of Guyana’s Department of Energy, Dr. Mark Bynoe told reporters on Thursday, at the Ministry of the Presidency, that any review of the Production Sharing Agreement (PSA) between...
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TT Opposition Leader set to deliver oil and gas speech in Guyana

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Trinidad and Tobago’s Leader of the Opposition and Political Leader of the United National Congress (UNC) Mrs Kamla Persad Bissessar will be the feature speaker at the 23rd Awards Presentation and Dinner hosted by the Guyana Manufacturing & Services...
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“We in Canada are here to help you not exploit you” – High Commissioner Chatterjee

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Canadian High Commissioner to Guyana Lilian Chatterjee sees a bright future ahead for the soon-to-be oil producing South American country and is making it clear that Canada is looking to help and not exploit Guyana. Speaking at the launch of...
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Iran says difficult days ahead for oil consumers around the world

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Iran’s oil minister said on Tuesday that U.S. sanctions on Iranian crude exports mean difficult days for oil consumers worldwide, adding that waivers issued by Washington to eight importing countries will not satisfy market demand, Reuters said in a...
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ExxonMobil urges women to prepare for opportunities in oil and gas

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Women entrepreneurs have been urged to educate themselves on the oil and gas sector so that they can be best prepared to tap into business opportunities that will emerge as Guyana becomes a major oil producer. This call was issued...
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Kosmos slips deeper into red with net loss of $126.1M in Q3

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Kosmos Energy Ltd. (NYSE: KOS) on Monday announced financial and operating results for the third quarter of 2018. For the third quarter of 2018, the Company generated a net loss of $126.1 million, or $0.31 per diluted share as compared to net loss of...
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Trump amps up Venezuelan crackdown, sanctions gold exports with executive order

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(Fox News) US President Donald Trump is continuing to put pressure on the government of Venezuela’s leftist President Nicolas Maduro, introducing a new round of sanctions designed to further rattle the embattled South American country’s oil exports. Trump’s National Security...
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ExxonMobil holds more acreage in Brazil than any other company

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In September 2017, ExxonMobil had interest in just two offshore blocks in Brazil, totaling slightly more than 161,000 net acres. Fast forward one year later: the company now has interest in 26 deepwater blocks across five basins, covering an area nearly...
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Iranian marchers chant “Death to America” on eve of US oil sanctions

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(Reuters) - Iranians chanting “Death to America” rallied on Sunday to mark both the anniversary of the seizure of the U.S. Embassy during the 1979 Islamic Revolution and the imminent reimposition of U.S. sanctions on Iran’s key oil sector. Thousands...
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Guyana oil production could edge closer to one million barrels per day by year-end

ExxonMobil Guyana expects production from the Stabroek Block to climb sharply before the end of 2025, driven by the...

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