TROUBLING TIMES: Exxon to slash workforce by 15%, write down US$20B in assets
As the year nears its end cloaked by the horrors of the COVID-19 pandemic, one of the industry’s giants, ExxonMobil Corporation, continues to be...
Local businesses assured of optimum involvement in oil and gas sector- President Ali
President Dr. Irfaan Ali has reaffirmed his Government’s commitment to ensure that local businesses are optimally involved in the oil and gas sector.
The Head...
No EIA required for Exxon’s fibre Optic Cable Project –EPA
The Environmental Protection Agency (EPA) disclosed by way of an advertisement in the local newspapers yesterday that ExxonMobil’s proposed fibre optic cable project does...
Guyana should learn from missteps made by Ghana’s hurry to bring gas to shore...
The Government of Guyana has already made it known that it has every intention of bringing gas to shore from the Stabroek block within...
If you are looking to penalize companies to achieve local content, you’ve failed- Dr....
When it comes to local content, many countries have tried and failed at finding the right balance of incentives or penalties to ensure companies...
CGX gets one-year deadline to drill well on Corentyne block
CGX Resources Inc. recently disclosed that the government has granted it a one-year deadline that comes to an end on November 27, 2021, to...
Eco Atlantic says it remains fully funded for drilling Orinduik block despite economic downturn
In spite of the depressed economic climate, Canadian exploration firm, Eco Atlantic Oil and Gas Limited, was pleased to announce that it is fully...
Proposed Gas-to-Power Project could cost Guyana US$304M- Institute of Americas
Acutely aware of the need to significantly reduce the annual expenditure for fuel, the Guyanese government and foreign investors have hastened steps towards using...
Ramps Logistics to construct oilfield services facility on East Bank
With the discovery of over nine billion barrels of oil equivalent resources in the Stabroek Block, Guyana’s petroleum industry is poised for rapid development...
Guyana, Brazil have an abundance of clean oil with low breakevens-Analyst
Taking into consideration, the unrelenting economic blows being unleashed by the rise in new COVID-19 cases as well as the fact that the International Maritime...
