Govt. says oil bid round to be launched soon; new terms being finalized
The Ministry of Natural Resources said it is gearing to launch its first bidding round for offshore blocks. It said Cabinet is finalising the...
IMF says oil GDP to grow 100 % in 2022; renews call for prudent...
With the Liza Destiny and Liza Unity FPSOs producing over 370,000 barrels of oil per day, the International Monetary Fund (IMF) has predicted that...
Guyana begins hunt for new crude marketer
The Ministry of Natural Resources earlier this week advertised for marketing services for the sale of crude from the Liza Destiny and Liza Unity...
Guyana opts to ignore UN’s call to impose windfall tax
- "Duplicitous int’l bodies cannot dictate for us; we will charter own course"- VP Jagdeo
United Nations (UN) Secretary General, António Guterres recently called on...
Ram cites evidence that APNU+AFC altered the 2016 oil contact, calls on PPP/C to...
Chartered Accountant, Christopher Ram has cited evidence that the then APNU+AFC government effected change to the 2016 Production Sharing Agreement (PSA) it signed with...
Guyana’s cynicism could be greatest threat to oil sector – Economist
It is never an easy ride for politicians tasked with managing an oil-rich nation. They are expected to navigate a multiplicity of challenges and competing...
Gov’t approves Local Content Master Plans with new 45-day payment period
The Ministry of Natural Resources on Wednesday approved the Local Content Master Plans of tier-one contractors – SBM Offshore, Halliburton among others – operating...
One barrel of crude spills from Liza Unity FPSO; Exxon says matter fully contained
On Friday, September 9, 2022, ExxonMobil affiliate Eddo Exploration and Production Guyana Limited (EEPGL) said its team on the Liza Unity FPSO observed a...
Govt. instructs oil companies to pay locals within 30 to 45 days
The Ministry of Natural Resources through the Local Content Secretariat disclosed on Friday that it has ordered all foreign oil companies to pay Guyanese...
Guyana earned US$US$344M in oil revenues at half year from five lifts; to hit...
During the period January to June 2022, the government reported that it received five lifts of profit oil from the two producing vessels, Liza...