UG welcomes all to special lecture tomorrow on Crude pricing
Why do oil prices drop or soar? What impact do the current global political events have on the prices? And what does it all...
SBM’s Liza Unity hull arrives in Singapore
Construction of Guyana’s second floating, production, storage and offloading (FPSO) vessel the Liza Unity has ramped up with the arrival of the hull in...
Central Bank moves to strengthen systems to manage Natural Resource Fund
In light of its new role to be the Operational Manager for the Natural Resource Fund (NRF), Central Bank is taking several steps to...
Govt. advised not to make GuyEnergy’s Linden based refinery destination for majority of Guyana’s...
A group of local investors attached to GuyEnergy is pursuing the establishment of a modular refinery in Region 10. But a report seen by...
Standards Bureau signals readiness for role in Oil & Gas sector
Through its mandate from the Weights and Measures Act of 1981, the Guyana National Bureau of Standards (GNBS) is required to ensure that all...
Trinidad formally expresses interest in refining Guyana’s oil
The government of Trinidad and Tobago has formally expressed interest in having an arrangement with Guyana to refine its oil. This was noted in...
Natural Resource Fund will collect discovery, production bonuses and profits from National Oil Company
According to the Natural Resource Fund (NRF) legislation, all petroleum revenues would be paid into an account at the US Federal Reserve Bank. But...
Hess shares ‘on fire’ due to oil producing Stabroek Block- Investment Banks
Since oil production commenced in the Stabroek Block on December 20, last, the shares for Hess Corporation which has a 30 percent stake in...
DOE awards contract to UK-based firm to review, evaluate Payara Field Development Plans
The Department of Energy (DOE) has awarded the United Kingdom (UK)-based firm, Bayphase Geologists, Engineers and Investment Analysts Limited (Bayphase Ltd.), the contract for...
Govt. showing “commendable progress” in developing capacity for petroleum sector-IMF
Even though the political opposition has been highly critical of the government’s preparedness for the oil sector, the International Monetary Fund (IMF) has said...
