(Merco Press) Due to ExxonMobil’s run of success in oil exploration offshore Guyana, the country is on a path to becoming a Latin American powerhouse, Wood Mackenzie said. The super-major announced its tenth Guyana discovery this week, increasing the...
Guyana's former Minister of Natural Resources and the Environment Robert Persaud believes that the current trajectory that the country is on with regards to its oil and gas preparations will be maintained notwithstanding the recent collapse of the coalition...
Almost three days after Venezuela’s navy intercepted a survey vessel contracted to ExxonMobil operating in the western portion of Guyana’s Stabroek Block, the 15-member CARICOM body of which Guyana is a founder-member, is yet to issue a statement on...
Just over a year before the South American country of Guyana welcomes its proceeds from offshore oil and gas resources, it has been plunged into political turmoil.
The Guyana Government which enjoyed a one-seat majority, was on Friday night defeated...
ExxonMobil said today that it has been named 2018 Large Cap Company of the Year and Explorer of the Year by the World Oil and Gas Council in recognition of excellence and innovation in the global energy industry.
Brad Corson,...
Guyana leads the way ahead of industry giants the United States of America and Russia in terms of barrels of oil equivalent (boe) petroleum discoveries for the year 2018.
According to a report from Rystad Energy, “2018 stands already as...
CNOOC Limited on December 18, 2018 announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, ConocoPhillips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation and TOTAL.
As...
PricewaterhouseCoopers Advisory Services Limited submitted an Expression of Interest (EOI) to the Government of Guyana (GoG) for a cost recovery audit consultancy in relation to ExxonMobil’s exploration activities in the Stabroek Block offshore Guyana.
“We have the right experience, the...
The Private Sector Commission of Guyana (PSC) is calling for the swift implementation of a local content framework within which local businesses can operate and meaningfully benefit from opportunities in the emerging oil and gas industry.
Speaking at the Liza...
The policy of investing resource revenues in reproducible capital suggests irresistibly that some appropriately defined stock is being maintained intact, and that consumption can be regarded as the "interest" on that stock (Solow 1986).
Since the discovery of oil and...