ExxonMobil’s third drillship headed to Stabroek basin
ExxonMobil has added a third drillship to its Guyana basin with the Noble Tom Madden to join the Stena Carron as the oil major...
Judicial independence, respect for human rights critical to success of Guyana’s oil sector-CCJ President
The independence and proper resourcing of the judiciary, respect for human rights, among other factors, will be crucial to the success of Guyana’s burgeoning...
GUY-EITI to collect, analyze data on local content by ExxonMobil –Dr. Jadoopat
While the Extractive Industries Transparency Initiative (EITI) has typically focused on the taxes and revenues paid by extractive companies to the government, it also...
Guyana’s decision makers are not transparent enough
There is no careful way to say it. Guyana’s decision makers are just not transparent with the citizenry. Indeed, this style of governance does...
Green Paper on management of oil money for August sitting
The Green Paper which will outline how the government intends to manage future oil revenues will be tabled in the National Assembly next month.
This...
ExxonMobil Earns $4 Billion in Second Quarter
United States (US) oil-giant, ExxonMobil today announced its estimated second quarter 2018 earnings of $4 billion. This is being compared to the $3.4B earned during...
US$460M pre-contract costs still not audited
It has been almost two years since USA oil giant ExxonMobil inserted pre-contract costs of US$460M in its Production Sharing Agreement (PSA) with Guyana....
PPP objects to Bank of Guyana managing Natural Resource Fund
The People’s Progressive Party/Civic (PPP) is of the view that if Bank of Guyana (BoG) is made manager of the account holding oil-derived wealth,...
PPP wants to table legislation with 10-year jail term for nondisclosure of monies from...
The Leader of the Opposition Bharrat Jagdeo had revealed that his party has plans to table legislation that will allow for a greater level...
There is a lot of ignorance when it comes to local content – Greenidge
When comments are made about local content in Guyana, the formulae adopted by commentators, seldom take into consideration non-certification of local companies seeking to...
