First well on Kaieteur Block will be drilled in second half of 2020-Hess Boss...
Hess Corporation’s Chief Executive Officer (CEO), John Hess, revealed this week that ExxonMobil will be drilling its first well in the Kaieteur Block during...
Majority of Guyanese won’t enjoy oil wealth if high borrowing costs, other financial barriers...
Considering the significant revenues Guyana will be collecting in the future for its oil resources, it is imperative that efforts be made to ensure...
ExxonMobil’s gas compressor issues which led to flaring should be fixed by July -Hess...
From last year December to now, ExxonMobil has flared over nine billion cubic feet of gas. In an effort to reduce the significant amounts...
Chevron and Shell beat ExxonMobil in having most resilient upstream portfolios at US$30/bbl-Wood Mac’s...
When it comes to the supermajors of the oil industry, Wood Mackenzie’s Chief Analyst and Chairman, Simon Flowers, says Chevron and Shell have the...
Demand for oil recovering – Wood Mackenzie Chairman
The demand for oil would have suffered an unprecedented blow with the onset of the COVID-19 pandemic, falling an astonishing 21 million barrels a...
Guyana receives US$35M for second shipment of oil sold to Shell
The Government of Guyana recently received US$35,063,582.06 for the second shipment of oil that was sold to Shell Western Supply and Trading Limited a...
Stabroek Block partners facing tough times but Guyana remains central to their profitability-Professor Thomas
Upon examining the latest financial reports of ExxonMobil, Hess Corporation and CNOOC/NEXEN, economist, Professor Clive Thomas, says he is convinced that Guyana remains essential...
Guyana has serious work to do, Natural Resource Fund is no panacea-IDB warns
Guyana may have a Natural Resource Fund (NRF) but it is no panacea when it comes to the effective management of its oil revenue....
Guyana at risk of mismanaging oil $$$ given blemished track record of major political...
With over eight billion barrels in oil equivalent resources waiting to be extracted from the Stabroek Block, Guyana remains high on the world’s top...
Guyana has “strong” rules for withdrawal of oil money, but poor mechanisms remain for...
Sitting at the Federal Reserve Bank of New York is Guyana’s Natural Resource Fund, an account that collects royalty payments and export earnings for...
