World Bank, IMF helping GRA on administering tax avoidance rules for oil sector
All governments face tax administration challenges. But some of these are the result of poorly designed systems that may not provide the tax agency...
Guyanese leaders’ approach to develop key oil institutions “cheap” — LatAm. analysts
Since 2015, Guyana should have had in place a dedicated oil and gas regulator, a specialised institute to teach technical skills and its Natural...
World Bank, IMF strengthening Guyana’s financial laws to protect oil revenues –Finance Minister
In the last two years, several international bodies have recommended that Guyana strengthen its fiscal regime to ensure its oil money is not only...
Stabroek Block’s successes critical to the futures of Exxon, Hess, CNOOC
The success of the Stabroek Block is not only crucial to the future of one licensed exploration partner but the entire trio says Luiz...
Prolific Guyana Basin could have more to give-Hess VP
The exploratory work done by ExxonMobil and its partners in certain parts of the Stabroek Block offshore Guyana have led to 10 discoveries which...
Exxon’s partner takes billion dollar blow in market trade value after Venezuelan incursion
One of ExxonMobil’s partners in the oil rich-Stabroek Block, Hess Corporation, took a huge blow to its market value after a Venezuelan military ship...
US$3M portion of signing bonus set aside for capacity building remains untouch–Finance Minister
When American oil giant, ExxonMobil, gave Guyana a US$18M signing bonus back in 2016, the coalition administration had said that US$3M would be put...
Hasten efforts to develop, strengthen economic policies, institutions – IDB consultant urges
Given the 2018 performance of the economy, and particularly the encouraging developments by ExxonMobil in the oil sector, the Inter-American Development Bank (IDB) has...
Venezuela tried to land helicopter on ExxonMobil contracted vessels-Greenidge tells House
Foreign Affairs Minister, Carl Greenidge, informed the National Assembly today of the aggressive actions taken against Guyana by Venezuela as well as the subsequent...
Guyana faces “ultimate danger” with long-delayed Oil Spill Plan
Director of Power and Money at Oxfam America, Ian Gary, is of the firm view that Guyana’s National Oil Spill Plan should have been...
