ExxonMobil Guyana will be hosting a Request For Information (RFI) clarification meeting on August 9, 2022, at the Marriott Hotel in Georgetown.
The company plans to put in place an agreement for the provision of Integrated Office Facility Management Services. The...
Staatsolie, Suriname’s state oil company, says there is real potential for cooperation between Guyana and Suriname, particularly with gas resource development.
“Large resources and associated and non-associated gas have been discovered and both countries could benefit from jointly developing resources...
Guyanese businessman, Robert Badal, celebrated the grand opening for the US$100 million Pegasus Hotel Suites and Corporate Centre in Kingston, Georgetown on Wednesday evening.
Guyana’s hospitality sector has benefited from major investment interest and injections. But this project is unique...
After having made more than 30 discoveries offshore Guyana with a success rate close to 90%, ExxonMobil sees the potential for the Stabroek Block’s near 11 billion oil equivalent barrels to more than double. In addition, the company sees...
In just three months, Guyana received a total of GY$48,406,316,589 (US$232,164,587.96) in royalty and profit oil payments in the Natural Resource Fund (NRF), according to a notice published in the Official Gazette dated July 18, 2022.
Giving a breakdown, the Finance...
By Dr. Lorraine Sobers - OilNOW
A disproportionate fraction of the climate change bill is already being paid by developing countries. There is no correlation between where climate change hits hardest and the source of massive greenhouse gas emissions. It...
The record pace at which Guyana is developing its oil and gas resources has been lauded by the President and Chief Executive Officer (CEO) of the Energy Chamber of Trinidad and Tobago, Dr. Dax Driver. And with the world’s...
A new review of the consolidated financial statements for ExxonMobil Guyana, Hess and CNOOC for the period ended December 2021 confirms that the South American country is profiting more from the offshore oil production activities than all three companies combined.
Financial...
The climate crisis has seen wealthy countries that have built and transformed their economies with oil and gas, calling on countries in Africa, South America and the Caribbean, to hold off on developing their hydrocarbon resources.
Calls have mounted for...
During the second quarter ended June 30, 2022, Guyana’s Natural Resource Fund (NRF) recorded a profit of GY$266.04 million (US$1.28 million) solely due to interest earned on deposits, says manager of the account, Central Bank of Guyana.
During the quarter,...
