ExxonMobil Earns $4 Billion in Second Quarter
United States (US) oil-giant, ExxonMobil today announced its estimated second quarter 2018 earnings of $4 billion. This is being compared to the $3.4B earned during...
US$460M pre-contract costs still not audited
It has been almost two years since USA oil giant ExxonMobil inserted pre-contract costs of US$460M in its Production Sharing Agreement (PSA) with Guyana....
PPP objects to Bank of Guyana managing Natural Resource Fund
The People’s Progressive Party/Civic (PPP) is of the view that if Bank of Guyana (BoG) is made manager of the account holding oil-derived wealth,...
PPP wants to table legislation with 10-year jail term for nondisclosure of monies from...
The Leader of the Opposition Bharrat Jagdeo had revealed that his party has plans to table legislation that will allow for a greater level...
There is a lot of ignorance when it comes to local content – Greenidge
When comments are made about local content in Guyana, the formulae adopted by commentators, seldom take into consideration non-certification of local companies seeking to...
More than 4 Billion oil-equivalent barrels at Stabroek Block-ExxonMobil
The ExxonMobil controlled Stabroek Block offshore Guyana now has in excess of four billion oil-equivalent barrels. ExxonMobil announced on today that it has increased...
Guyana’s embryonic oil sector being governed by laws from 1986
The “outdated, inadequate” pieces of petroleum legislation on Guyana’s books will do no good for the country.
This is what attorney-at-law, Christopher Ram said in...
Transfer pricing tricks of oil companies hurt TT severely, Guyana must armour – Oil...
To naïve and money hungry politicians, the projected US$380M that Guyana is expected to collect from Liza Phase-one seems remarkable. But it is this...
ExxonMobil expects evolution of fiscal terms for Stabroek Block-Brasington
Prior to 2015, Guyana was virtually a frontier nation in the oil world. This was reflected in the highly-investor friendly terms of the 1999...
Local fishermen to get oil spill response training – ExxonMobil
Local fishermen could soon be trained in the area of oil spill response, US oil giant ExxonMobil said today. The company believes that it...
