Liza Phase 1 largely unaffected by COVID-19, should reach full capacity this quarter-ExxonMobil CEO
Oil Majors leading many production fields across the globe have been forced to engage in well shut-ins due to rapidly declining demand following the...
Guyana’s first royalty payment totals US$4.9M, already transferred to Natural Resource Fund
Finance Minister, Winston Jordan confirmed moments ago with Guyana Standard, that the nation is in receipt of its first royalty receipt which totals US$4,909,505.30....
ExxonMobil suffers US$610M in losses for first quarter, cuts CapEx again by US$10B
ExxonMobil Corporation announced early this morning that it has suffered an estimated first quarter 2020 loss of US$610 million, or US$0.14 per share as...
CDC, Rotary Guyana receive over $60M from Stabroek Block partners to aid Guyana’s fight...
The Civil Defence Commission (CDC), Salvation Army and Rotary Guyana have received more than $60 million to support COVID-19 relief programmes.
The funds were provided...
Brent price to start recovering by third quarter; Guyana’s Liza Field will survive even...
In light of the increased social distancing and lockdown measures to address the spread of the novel coronavirus, several industry analysts expect that the...
Guyana will still see best growth rate in history despite COVID-19 pandemic –Jordan
Even though the COVID-19 pandemic has dampened expectations of Guyana being the fastest growing economy in the world this year, the country will still...
Guyana’s oil industry to feel the squeeze as Brent crude price to average US$20/bbl
International research consultancy group on petrochemicals and renewable energy, Wood Mackenzie, has provided a depressing forecast regarding the outlook of Brent Crude price. According...
Guyana has serious accommodation problem; “rinky-dink” hotels won’t cut it-NICIL CEO
The oil and gas industry has exposed a serious shortcoming in Guyana’s hotel industry. According to acting Chief Executive Officer (CEO) of the National...
April to see steep decline in demand for oil, but market likely to improve...
As a result of the Organization of the Petroleum Exporting Countries’ (OPEC) failure to agree on production restraint in early March, the implications of...
ExxonMobil cuts 2020 budget by US$10B, says third project offshore Guyana to be delayed
As a result of the declining demand for oil on the world market, ExxonMobil said today that it is reducing its 2020 capital spending...
