News

General Secretary of the Guyana Trades Union Congress (GTUC), Lincoln Lewis on Wednesday called on authorities to use some of the monies coming from the oil and gas sector to revamp the country’s healthcare system and provide free education. Speaking...

(S&P Global Platts) Yellowtail, Guyana's latest offshore deepwater discovery, contains oily fluids similar to those of the country's initial find, which is currently being readied for first production early next year, a top executive at Hess, a partner in...

Hess Corporation, a partner in the ExxonMobil-led consortium operating offshore Guyana, does not expect a ruling over the coming month by the Caribbean Court of Justice (ICJ) on a no-confidence vote, to affect oil operations. Company officials were asked on...

(Market Watch) BP PLC said Tuesday its profit dropped by 12% in the first quarter due to a weaker oil price environment at the start of 2019, echoing anemic quarterly results recently reported by other Big Oil companies. U.K.-based BP...

ExxonMobil said that the last three discoveries in the Stabroek Block offshore Guyana – Haimara, Tilapia and Yellowtail – will add to the 5.5 billion barrels of oil equivalent resource estimation determined following the tenth discovery. Jack Williams, Senior Vice...

(Reuters) - The U.S. Securities and Exchange Commission on Monday obtained an asset freeze in connection with suspected insider trading in Anadarko Petroleum Corp before the oil company agreed to be acquired by rival Chevron Corp. U.S. District Judge Gregory...

Rystad Energy forecasts that more than 1 million kilometers of new oil and gas wells will be drilled over the next five years. The Norway-based energy research and business intelligence company said the collective depth of these wells is the...

(S&P Global Platts) Tehran — A top Iranian military official repeated a threat to shut the Strait of Hormuz if the country's oil shipments are blocked by US sanctions, at the same time an official in parliament warned crude...

Trinidad and Tobago’s (TT) Opposition Leader, Kamla Persad-Bissessar is promising to create 50,000 jobs if re-elected Prime Minister in the twin island republic. Some of the jobs, she said, could come from opportunities in Guyana’s emerging oil and gas...

CGX Energy is looking to have its joint venture with Frontera Energy Corporation provide working capital for the company's ongoing commitments on its Berbice, Corentyne and Demerara blocks, through a signing bonus of $33,300,000 paid by Frontera. CGX said on Wednesday...