Guyana releases draft Production Sharing Agreements for 14 oil blocks with two weeks for...

The Government of Guyana on Tuesday released through the Ministry of Natural Resources, two draft Production Sharing Agreements (PSAs) that will feature in the...

Oil, Agriculture, Construction sectors keeping Guyana on track for strong 25% GDP growth- Central...

The Guyanese economy remains on track for a 25.1 percent growth rate for 2023 as the oil, agriculture and construction industries continue to deliver...

GRA, Audit Office will only waste time and money if… – Expert

According to Director of Oxfam America, Ian Gary, petroleum risk assessment skill sets will be essential if audits by Guyana’s Audit Office or Revenue...

Unmitigated Oil spill in Payara field would directly affect Region One-EIA

ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), is seeking the approval of the Environmental Protection Agency (EPA) for a third field development...

Guyana will be paying our taxes, so massive revenue will be unaffected -Hess CFO...

In accordance with international best practices for Production Sharing Agreements (PSAs), the operator is given some tax breaks for imports; but, it is still...

UN urges Guyana to conduct thorough due diligence on future oil operators

All Governments are expected to conduct “thorough” due diligence on oil companies before entering negotiations. A failure to do this can very well leave...

NRF following Santiago Principles doesn’t mean it is foolproof -Canadian Oil and Gas Professor

There are a number of international standards when it comes to the governance of Natural Resource Funds (NRFs). One of the most respected of...

Tobago oil spill should serve as wakeup call -AFC

The Alliance for Change (AFC) on Friday expressed concern about the oil spill incident affecting the island of Tobago. The opposition party said it...

Guyanese firm to construct US$25M wharf facility to support Baker Hughes’ oil sector operations

In a significant move to bolster its support for Guyana's offshore oil and gas activities, JOP Property Holdings Inc., a prominent Guyanese company, has...

Financial Analyst raises concerns over Exxon’s procurement practices; calls for amendments to Local Content...

Financial Analyst Joel Bhagwandin, representing his financial firm, SphereX Professional Services, has put forth a series of compelling recommendations on possible amendments to the...

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