Liza Field to make Hess Corp. a free cash flow engine for shareholders by...
During its third-quarter earnings call, Hess Corporation Executives bragged about the company becoming a free cash flow engine for shareholders by 2022 thanks to...
CGX suffered net loss of US$2.7M in second quarter, prepares to give up 25%...
According to its unaudited financial statements for the period ended June 30, 2020, CGX Resources Inc, reported to the market that it has suffered...
GPSU raises concerns over Gov’t thrust to Strengthen Productive Sectors from oil monies
The Guyana Public Service Union (GPSU) has raised concerns over the Government of Guyana's aim to strengthen productive sectors from oil monies.
See full statement...
Discovery on Orinduik Block increases Guyana basin’s international appeal — Ramson
The recent discovery on the Orinduik Block by Tullow Oil is a significant development in Guyana’s history and has now introduced another...
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...
ExxonMobil’s local content bill over $60B; costs were never audited by Granger regime
From 2015 to 2019, American oil giant, ExxonMobil has claimed that its subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) along with its subcontractors,...
Considerable Progress being made in development of Liza Phase One –ExxonMobil
The development of Liza Phase One is making considerable progress. In fact, several ministers, members of the diplomatic community and ExxonMobil’s contractors, assembled at...
CGX fails to honour work commitments, has not drilled a well in 13 years-Jagdeo
Vice President, Dr. Bharrat Jagdeo who is responsible for oversight of the oil sector, disclosed moments ago during a press conference at the Arthur...
US$900M gas-to-shore project will have Guyana paying for power she cannot utilize – Patterson
In the absence of detailed analyses for the US$900M gas-to-shore project, Opposition Member, David Patterson contends that the PPP/C Government will have Guyana pay...
UG students get tour of novel construction techniques at US$300M Vreed-en-Hoop Shore Base facility
Students of the University of Guyana’s Faculty of Technology this week got hands on exposure to the construction techniques being used for the artificial...
