New half-year local content data from ExxonMobil Guyana Limited (EMGL) indicate that 1,300 Guyanese women are supporting the company's operations both on and offshore, in the South American country.
EMGL said that Guyanese represent 69% of its overall workforce.
A total...
Suriname is moving to use future oil royalties as collateral to manage about US$314 million of its debt.
The country has crafted oil-linked securities that hinge on royalty revenues to be generated from its first offshore oil development project in...
The Sheriff Group of Companies today turned the sod for the first mall in Guyana’s Berbice County.
The four-phase mall will be located at Palmyra, close to the Berbice River bridge.
The region is quickly becoming a hub for development because...
Saipem, the Italian energy services group, is making significant strides in its recovery efforts. The company is nearing the completion of troublesome projects that prompted a capital raise last year, according to the chief executive officer, Alessandro Puliti. He...
Market Insider reports that Warren Buffett, the sixth richest man in the world, is set to gain indirect exposure to Guyana, the world's fastest-growing economy and an emerging oil superpower, by way of Chevron’s acquisition of Hess Corporation, announced...
The Lancetfish reservoir in Guyana’s Stabroek block has delivered more oil, Hess Corporation announced on Wednesday in its earnings statement.
Hess said the Lancetfish-2 appraisal well encountered approximately 125 feet of net oil pay in appraisal reservoirs and approximately 65...
In the first three quarters of 2023, Guyana received US$1.038 billion in oil revenues, representing a 32% increase compared to the US$786 million received during the same period in 2022. Disaggregated, the government’s natural resource fund (NRF) received US$872.83...
ExxonMobil Guyana said it remains on track to complete the pipeline for the country’s Gas-to-Energy project set to come online in 2024.
Providing an update on October 17, President of the company, Alistair Routledge, said pipelaying is currently underway in...
Chevron Corporation announced on Monday that it has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on...
A new hydroponic farming project initiative has been launched in Guyana - the largest in the Caribbean, according to President, Irfaan Ali with 300 young Guyanese being the beneficiaries.
The funding comes from the Greater Guyana Initiative (GGI) - a...
