Orinduik Partners still evaluating heavy oil finds, likely to drill new targets by year...
Tullow Oil and its partners on the Orinduik Block, Total and Eco Atlantic, are still evaluating the results of its Jethro-1 and Joe-1 wells...
Remove discretionary income tax holidays for mining, oil companies –IMF tells Govt.
The International Monetary Fund (IMF) is of the firm view that the local authorities should take all necessary steps to remove discretionary income tax...
Critically weak Local Content Policy leaves Guyanese disadvantaged in oil industry- PPP Advisor
After perusing Guyana’s Local Content Policy which was released this week, Advisor to the People’s Progressive Party (PPP), Peter Ramsaroop has declared his opinion...
Policies can be ignored; we need a Local Content Legislation – Jagdeo
For Guyanese to truly benefit from the oil and gas sector, legislation must be implemented to effect mandatory local involvement, not a policy. At...
Award of new oil block licenses pushed back to 2021
In early 2019, Energy Department Head, Dr. Mark Bynoe had said that Guyana could have a new licensing round this year. But it appears...
National Oil Spill Contingency Plan in operation
The Civil Defence Commission (CDC) has begun the operationalisation of the National Oil Spill Contingency Plan, with the hosting of a simulation exercise to...
Oil and Gas operators required to say how many Guyanese they intend to hire,...
According to the recently completed Local Content Policy, oil and gas operators are obligated to prepare and submit annual local content plans (LCPs), which...
Energy Dept. hires several technical specialists to reduce potential value leakage
In an effort to reduce the potential of value leakage, the Department of Energy has hired several technical oil and gas specialists. In this...
Local Content Policy will be updated as Oil & Gas industry matures
The Local Content Policy precedes an overall petroleum sector policy for Local Content and shall be updated from time to time to be aligned...
Oil tanker to lift Guyana’s first crude entitlement to arrive tomorrow
Director, Department of Energy, Dr. Mark Bynoe has announced that the Greece-registered crude oil tanker, Cap Philippe, which will lift Guyana’s first one-million-barrel crude...
