World Bank, IMF strengthening Guyanaโs financial laws to protect oil revenues โFinance 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 Blockโs 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...
Exxonโs partner takes billion dollar blow in market trade value after Venezuelan incursion
One of ExxonMobilโs 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 untouchโFinance 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 โultimate dangerโ with long-delayed Oil Spill Plan
Director of Power and Money at Oxfam America, Ian Gary, is of the firm view that Guyanaโs National Oil Spill Plan should have been...
Even with looming Elections, Oil preparations must not slow down- Dr. Hinds
Executive Member of the Working Peopleโs Alliance (WPA), Dr. David Hinds insists that even with General and Regional Elections scheduled to be held within...
Model PSA to have penalties for non-compliance to local content benchmarks
The model Production Sharing Agreement (PSA) being pursued by the Energy Department will feature local content benchmarks to be achieved by oil companies as...
