Hess says net loss for 2020 fourth-quarter stands at US$97 million
Hess Corporation told industry stakeholders today that its net loss for the fourth quarter of 2020 stands at US$97 million, or US$0.32 per common...
Emergence of new COVID-19 strains forces IEA to temper 2021 oil projections
The International Energy Agency (IEA) has slashed its projections for 2021 on the heels of rising COVID-19 cases, the emergence of new strains, and...
Oil and gas development not a sprint, Guyanese must be patient-US Analyst urges
While Guyana has been blessed with the discovery of over 9 billion barrels of oil equivalent resources thus far, citizens must understand that developing...
Gas-to-shore would be significant boost to business development in Guyana-US Analyst
When one considers the high costs of electricity in Guyana and the extent to which it hinders the development of businesses, one can surely...
ExxonMobil moves to sell UK assets as development picks up in Guyana
American oil giant, ExxonMobil is in exclusive talks with private equity fund HitecVision and its British unit Neo for the sale of its upstream...
Guyana’s local content law must be realistic, able to evolve with the sector-AMI Analyst
While Guyana's efforts thus far to have an effective local content policy and law are commendable, the authorities of the day must ensure that...
Total, Shell, Exxon to be most active high impact explorers in 2021- Westwood Global...
According to Westwood Energy Group, Total, Shell, and Exxon are expected to be the most active high impact explorers in 2021. The consultancy firm...
UK firm buys more shares in Canje block partner ahead of well results
The Board of UK investment firm, Westmount Energy, was pleased to announce that it has snagged more shares in JHI Associates Inc., one of...
Guyana’s high-quality crude allowed it to survive toughest parts of pandemic last year- Analyst
Even though the COVID-19 pandemic threw the oil industry last year into an unparalleled economic tailspin, Guyana was among the list of few countries...
PPP/C more than capable of realizing financially sound gas-to-shore project- Financial Analyst
Even though there has been a barrage of cautionary statements against Guyana moving forward with the highly anticipated gas-to-shore project by 2024, local stakeholders...
