Guyana among few countries in the world with flaring tax-Jagdeo

Considering the punitive action taken against ExxonMobil for excessive flaring on the Liza Destiny, Guyana’s first floating production storage and offloading (FPSO) vessel, the...

Toolsie Persaud jumps into oil sector with storage, well cement business; Public hearing on...

Vista Trading and Logistics (Guyana) Limited, a subsidiary of Toolsie Persaud Limited, is poised to be a major player in the oil industry as...

Tullow announces moves to limit capital exposure in Guyana blocks

With oil industry still caught in the COVID-19 pandemic’s chokehold and a string of failed commercial discoveries, British oil explorer Tullow is now looking...

Gov’t offering over 14 post-graduate scholarship programmes for oil, energy sectors

The Government has promised to mandate quotas for Guyanese in the oil industry, to ensure they have strong avenues to build generational wealth. The...

Consortium of local businessmen granted environmental permit for US$600M port facility to service oil...

A consortium of three leading Guyanese entrepreneurs has been given the green light by the Environmental Protection Agency (EPA) to go ahead with the...

Hess to pump US$150M into Guyana offshore concessions

Hess Corporation announced this week that it has completed the previously announced sale of its subsidiary—Hess Denmark ApS— which holds a 61.5% interest in...

ExxonMobil pays EPA $400M for flaring; slapped with increase in penalty

ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) has paid roughly $400M to the Environmental Protection Agency (EPA) for flaring aboard the Liza...

Black substance at Kingston Seashore not oil-CDC

After responding to reports that crude oil had washed up on the Kingston seashore, the Civil Defence Commission (CDC) conducted initial assessments and confirmed...

Energy chamber to host conference in February 2022

The Guyana Oil & Gas Energy Chamber (GOGEC), will be organizing a high-level international oil and gas energy conference in February 2022. Guyana Standard understands...

Second well for Kaieteur Block pushed back to next year

Plans to drill the second well in the Kaieteur Block have been extended by seven months to March 22, 2022. According to UK conglomerate,...

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