Draft Petroleum Act paves way for Guyana to tackle discoveries overlapping into other territories
Government’s 2023 Petroleum Activities Bill incorporates provisions to address cross-border unitization of discoveries. The term is used in a circumstance where a petroleum reservoir...
Despite US sanctions on RUSAL…Bauxite Industry records highest production in five years
Despite sanctions imposed on RUSAL by the United States Government, the bauxite industry has seen a 21 percent increase in bauxite production recorded for...
GRA cashes in on billions from tax evading businesses
“I am determined to re-organize the Guyana Revenue Authority (GRA), I am determined to weed out tax evasion. We are already reaping the benefits...
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...
Elections triggers extension of GUYTIE 2020 launch
The Guyana Trade and Investment Exposition (GUYTIE) has been pushed forward to May 2020 – two months after it was expected to be launched....
Key oil and gas terms every Guyanese must know
By Sueann Wickham
In 2015, Guyana embarked on an ambitious journey into the realm of oil production led by an ExxonMobil-consortium in the Stabroek Block....
Queensway Group boss distances self from T&T “oil spill” vessel
The Chief Executive Officer (CEO) of the Queensway Group in Guyana is denying any involvement and affiliation with a vessel that capsized and leaked...
GRA rakes in $11.5B in taxes from oil sector from January to August
Through its "prudent management" of the oil sector, the Guyana Revenue Authority (GRA) has been able to net over $11B in taxes in just...
IDB gets US$8M from World Bank Initiative to strengthen women-led businesses in Guyana, other...
The Inter-American Development Bank (IDB) through its innovation laboratory IDBLab and with funding support from the Women Entrepreneurs Finance Initiative (WeFi), will be implementing...
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...
