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...
Guyana has not been very successful in transforming natural resource wealth -World Bank
Guyana’s natural resource wealth is estimated to be the highest in the Caribbean even before the discovery of oil. Yet, this new oil producer...
IMF, Commonwealth Secretariat helping Guyana with review of legal and regulatory frameworks for oil...
Developmental partners such as the Commonwealth Secretariat, the International Monetary Fund (IMF), the World Bank and the Inter-American Development Bank (IDB), are assisting Guyana...
Guyana to pursue drafting of legislation to forbid routine flaring of associated gas
Even though the Government of Guyana has made it clear that flaring is not permitted, it will still pursue the drafting and subsequent enforcement...
Shell Western Supply and Trading Limited to buy first three million barrels of Guyana...
The Energy Department announced today that Shell Western Supply and Trading Limited will be buying the Government’s first three million barrels of oil from...
If political system is not reformed, oil money will be abused and dissipated –Ramkarran
Presidential Candidate of A New and United Guyana (ANUG), Ralph Ramkarran is of the firm conviction that Guyana’s political system needs to be urgently...
President to soon unveil 10-year plan for oil money
President David Granger recently announced that his government will soon unveil a national development plan to cover the next 10 years. That plan which...
ExxonMobil makes 15th oil discovery offshore Guyana at Mako-1 Well– Dr. Bynoe
Director of the Department of Energy, Dr. Mark Bynoe announced moments ago that United States oil company ExxonMobil and its partners Hess International and...
Granger’s promise to use oil money wisely inspires no confidence-Opposition
During his recent announcement that Guyana has started producing oil, President, David Granger said that the petroleum revenue that would be deposited into the...
