TT company poised to open US$4.9M gas station, fuel storage facility here
United Independent Petroleum Marketing Company Limited (Unipet), a conglomerate headquartered in Trinidad and Tobago, is expected to make a US$4.9 Million investment in Guyana...
CGX to borrow US$20M from joint venture partner to cover its share of expenses...
Canadian oil explorer, CGX Energy Inc., announced this week that it has approached Frontera Energy Corporation, its joint venture partner, for US$20M to cover...
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...
