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...
ExxonMobil buckles under COVID-19 pressure; now gears to trim staff across US offices
Last month, ExxonMobil’s Chief Executive Officer and President, Darren Woods, had boasted that the oil giant is one of the few that has not...
Govt. boycotts oil summit held locally
Not a single person from the 25-member Irfaan Ali-led Cabinet showed their face at the Guyana Basin Summit (GBS) hosted today at the New...
BLACK GOLD: Afro-Guyanese women shatter glass ceiling with win of two oil blocks
By Kiana Wilburg
In an industry where the shadows of ExxonMobil and other multinationals loom large, Sispro Inc., an all-black female quartet, has made a...
Fiscal terms of draft model PSAs will not change – VP
No amount of dissatisfaction expressed by oil companies about the draft model Production Sharing Agreements (PSA) will result in any altering of the fiscal...
Investor group to sink US$25M into new Friendship Port facility
A group of investors under the umbrella of Diamond Property Management, Inc. (DPM) and doing business as Diamond Shorebase Inc (DSB), has purchased 6...
GRA gives recommendation to finalize audit of Exxon’s expenses
During his customary weekly press conference held yesterday, Jagdeo stressed that the Guyana Revenue Authority (GRA), the main tax regulator in Guyana, has recommended...
We have to persuade ExxonMobil that current oil deal cannot stand-Ram
The Production Sharing Agreement (PSA) that was revised and signed in 2016 between the Granger administration and Stabroek Block partners, ExxonMobil, Hess Corporation, and...
Black substance at Kingston Seashore not oil-CDC
After responding to reports that crude oil had washed up on the Kingston seashore, the Civil Defence Commission (CDC) conducted initial assessments and confirmed...
Concerns about oil audit scope and penalties requires closer look at 2016 PSA
Dear Editor,
There were several reports in a certain section of the media highlighting a number of the cost oil audit findings for the...
