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...
Oil has only exacerbated our problems – Nigel Hughes
Before Guyana started collecting millions of dollars for the exploitation and subsequent sale of its oil resources, there were great expectations about the potential...
ExxonMobil monitoring industry growth to determine if dividend will be slashed or not
ExxonMobil’s Chairman, President, and Chief Executive Officer (CEO), Darren Woods, is yet to definitively state whether shareholders should look forward to dividend cuts in...
No plans for layoffs at this time-ExxonMobil CEO
As a result of the COVID-19 pandemic, a number of oil and gas service companies and operators have been left with no choice but...
ExxonMobil, three other supermajors spending beyond their means – IEEFA
ExxonMobil, Chevron, Total S.A, and British Petroleum (BP), four of the world’s largest oil producers, have been spending beyond their means even as losses...
