The contention that Guyana would not be able to reap the benefits of oil production without racking up millions of dollars in debt to Stabroek Block operator ExxonMobil is misleading, said the country’s Vice President, Dr. Bharrat Jagdeo. During a...

Guyana’s steadfast drive for local participation in its oil and gas sector is being lauded by former Trinidad and Tobago Minister of Energy, Kevin Ramnarine. Though private sector leaders of the two Caribbean Community (CARICOM) nations have been at odds...

While many of its industry counterparts have been hard hit by the inflation that has resulted from the war in Ukraine and the COVID-19 pandemic, Hess Corporation which has a 30% working interest in the Stabroek Block was pleased...

As a result of high oil prices driven by the Russia-Ukraine war, territories such as the United Kingdom and Canada have implemented a windfall tax on oil companies. This tax, which is applied to the profits oil companies gain...

Italian energy services company and ExxonMobil subcontractor, Saipem, said on Wednesday it has agreed to sell its drilling onshore business to British-based oil drilling contractor KCA Deutag (KCAD) for $550 million to focus efforts on building out its offshore operations. Saipem’s onshore drilling business operates globally outside...

Guyana's offshore Stabroek Block developments have been outstanding performers when it comes to pace and efficiency. Hess Corporation’s Chief Executive Officer (CEO), John Hess said the projects come on two to three times faster than any other global offshore...

The International Monetary Fund (IMF) has thrown its support behind Guyana’s plans to bring down electricity costs, which include the implementation of the transformative gas-to-energy project. The initiative will see the construction and operation of a pipeline from the Liza...

The International Monetary Fund (IMF) noted on Friday that Guyana’s medium-term prospects are “more favorable than ever before,” given its increasing oil production and the fact that it holds the potential to greatly transform the nation’s economy. This was specifically...

UTC Overseas, an international freight forwarding, and cargo logistics company headquartered in Houston, has expanded its operations in Guyana after teaming up with the South American country’s largest shore base contractor, Guyana Shore Base Inc. (GYSBI). GYSBI’s 130-acre supply base...

Guyana's Ministry of Natural Resources on Thursday condemned an analysis of the country's petroleum fiscal outlook, which was produced by Tom Sanzillo, Director of the United States based Institute for Energy Economics and Financial Analysis (IEEFA). Sanzillo, whose comments were...