US$100M Investment fund launched to support onshore oil activities in Guyana
Coming out of a recent Conference and Exhibition in Scotland was the launching of a US$100M Investment Fund to provide support to onshore activities...
GO-Invest Head refuses to confirm yet another oil find after making overseas announcement
Chief Executive Officer (CEO) of the Guyana Office for Investment (GO-Invest), Owen Verwey, was quoted by an international magazine, Petroleum Economist, saying that another...
Foreign investors unfazed by Guyana’s looming Local Content Policy – GCCI
Despite the pending introduction of a Local Content Policy, there is increased interest from foreign investors who are looking to take a bite out...
Tullow Oil’s three-well target offshore Guyana holds total prospective resource of 400M barrels
Independent UK explorer, Tullow Oil, has embarked on a three-well exploration programme in Guyana, which it recently revealed holds a total prospective resource of...
Guyana-Suriname basin up for reevaluation next year by US Geological Survey
The increase in exploration activity, as well as several successful discoveries by some of the world’s leading oil majors in the Guyana-Suriname basin, have...
Guyana to see one FPSO each year after 2022-Hess CEO
The Liza Destiny, Guyana’s first Floating Production Storage and Offloading (FPSO) vessel, is expected to kick start oil production in the first quarter of...
GRA to capitalize on all available foreign aids, technical assistance for first oil
Cognizant of the impact the petroleum sector will have on the nation’s Gross Domestic Product (GDP), the Guyana Revenue Authority (GRA) recently noted that...
Calls for renegotiation have no substance, Guyana needs our investment –Hess CEO
In spite of registered calls in the media for the Stabroek Block Production Sharing Agreement (PSA) to be renegotiated, Hess Corporation says it is...
Hess Senior VP lauds Stabroek Block oil finds as company’s “game changer”
Hess Corporation, which has a 30 percent stake in the Stabroek Block, could hardly wait for the day Guyana becomes an oil producer in...
Oil spilled in Liza field would take 5 to 15 days to reach Guyana’s...
If an oil spill were to occur in the Stabroek Block’s Liza field, it is highly unlikely that it would reach the Guyana shoreline....
