News

Pressing issues addressed at opening of 26th La Jolla Energy Conference in California

The Institute of the Americas 26th annual La Jolla Energy Conference got underway today in San Diego, California marking the beginning of two days of dialogue and debate on the future of sustainability and energy policy in the Americas. Brazil...

ExxonMobil provides support for relief efforts in regions affected by flood in Guyana

ExxonMobil on Wednesday handed over a cheque in the amount of US$25,000 from the ExxonMobil Foundation to the Guyana Civil Defence Commission (CDC), the agency spearheading the coordination of relief efforts following widespread flooding in remotes areas in the South...

Greatest benefit to Guyana from oil is in value-added activities – GOGA

The Guyana Oil and Gas Association (GOGA) believes the greatest benefit from a country’s natural resources lies in the ability to add value, and this must be carefully considered in the case of oil production, set to begin in...

Global offshore mooring systems market expected to reach USD1.32B by 2025

Increasing oil and gas production and exploration from the offshore fields and the rising development of shale drilling regions are expected to drive the demand for the offshore mooring market. Innovation of new technologies for development of new systems in...

Berbice River conditions ideal for Crab Island on-shore base in Guyana – Engineer

Conditions at the mouth of the Berbice River in Guyana may be best suited to facilitate an onshore supply base at Crab Island, according to an engineer whose company has worked extensively in the area. Crab Island, located in the...

ExxonMobil completes new polyethylene Lines

ExxonMobil Chemical Company announced today the mechanical completion of two new 650,000 tons per year high performance polyethylene lines at its plastics plant in Mont Belvieu, Texas. The company expects production to begin during the third quarter of 2017. Part...

Collaboration between private investors and Guyana government can make oil refinery a reality – PSC head

The business community in Guyana continues to weigh-in on the news that setting up a 100,000-bpd oil refinery in the South American country, is not a feasible option. The head of one such group representing the interest of the...

Venezuela: An abundance of oil, shortage of gasoline

Venezuela; home to a number of oil refineries and the country with the largest proven oil reserves in the world, is now being forced to increase gasoline imports as refineries struggle to remain operational. Output has dropped at the crisis-hit...

ExxonMobil, SABIC sign agreement for next phase of proposed U.S. petrochemical project

Affiliates of Exxon Mobil Corporation (NYSE: XOM) and SABIC (Saudi Basic Industries Corporation) signed an agreement on Sturday to conduct a detailed study of the proposed Gulf Coast Growth Ventures project in Texas and begin planning for front-end engineering...

Smaller capacity refinery now may lead to bigger problems later; expert tells Guyanese business operators

While there continue to be calls for the establishment of a smaller, less-costly oil refinery in Guyana, the expert hired to consider the matter of building a refinery in the country warns this could spell trouble down the road. Director...

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Apple taps 100,000 Guyana rainforest credits to offset its 2024 emissions

Apple has purchased 100,000 carbon credits from Guyana’s national forest protection program to help offset its corporate and product...