Indian State Refiner pays Guyana US$79.6M for seventh oil lift
Indian Oil Corporation Ltd. (IOC) has paid Guyana a whopping US$79.6M following the receipt of the nation's seventh oil lift. Disclosing the money received...
Govt. to bring draft legislation for oil fund by December
Draft legislation to ensure Guyana has a Natural Resource Fund (NRF) with robust protections against wanton abuse by politicians will be in Parliament by...
Progressive plan in place to ensure oil money brings prosperity for all-Pres. Ali
One of the most challenging tasks governments of oil-producing States face is keeping at bay, the dreaded resource curse. Francesco Caselli of the London...
Whiptail discovery big enough for its own FPSO –John Hess
Chief Executive Officer (CEO) for Hess Corporation, John Hess recently told industry stakeholders that the Whiptail discovery which was made at two wells is...
Guyana on track to produce additional 440,000 barrels of oil by 2024 -Hess CEO
Hess Corporation’s Chief Executive Officer, John Hess recently disclosed that the startup of the Liza Phase 2 Project in the Stabroek Block which will...
Exxon strikes two Whiptail discoveries; Hess says drilling to continue to test deeper targets
ExxonMobil Corporation disclosed this morning that it made two discoveries at the Whiptail-1 and Whiptail-2 wells in the Stabroek Block.
Whiptail-1 is being drilled in...
Hess records US$73M loss for second quarter
Hess Corporation today reported a net loss of US$73 million, or US$0.24 per common share, in the second quarter of 2021, compared with a...
‘‘Let’s put the traffickers behind bars” – Minister Persaud urges
“EACH one of you is in a good place to help change someone’s life. I’m here to support the process and the Counter-Trafficking in...
US$900M gas-to-energy project could be a blessing for Guyana-CARICOM’s Energy Head
Considering the fact that the US$900M gas-to-energy project will provide a cleaner source of energy thereby reducing the nation’s carbon footprint, pave the way...
Oil exports to grow by an annual average of 48.5 percent over 2020–2023-IDB Report
The Inter-American Development Bank has disclosed in its latest assessment of Guyana’s first-quarter performance that it projects oil exports will grow by an annual...
