Opposition blasts Govt. for absence of proper plans for oil in budget 2019
While the political opposition may share in the APNU+AFC administrationโs excitement over the prospects of the oil wealth to come, it is worried, however,...
IDB lending US$11.6 M support to transform Guyanaโs Energy Sector
Guyana is set to transform its energy governance with help from the Inter-American Development Bank (IDB). This will translate to an US$11.64 M loan...
CGX gets Canadian oil firm to farm in on blocks close to Exxonโs concessions
Cash-strapped CGX Energy Inc. appears poised to make a major come back in Guyanaโs petroleum industry, as it announced today that it entered into...
Exxon makes 10th oil discovery
Director of the Department of Energy, Dr. Mark Bynoe announced this morning that United States oil giant ExxonMobil has made its 10th discovery offshore...
EIA findings must not be ignored โMexican Regulator urges
Environmental Impact Assessments (EIAs) have become standard tools which assist industry regulators in assessing the implications of a project.
โBut the findings of this tool...
NRF Bill silent on percentage of revenue to be allocated for budget stabilization, future...
More than 30 civil society actors are disappointed that the draft Natural Resource Fund (NRF) legislation does not clearly state what percentage of the...
Education, infrastructure will benefit significantly from oil money- Jordan
Finance Minister, Winston Jordan recently revealed that the government intends to use a portion of the looming oil wealth to ramp up spending in...
Agencies’ cost auditing roles for oil sector still confused-IMF
There are several agencies in Guyana which hold responsibility for auditing the oil and gas sector. These include The Guyana Revenue Authority (GRA), the...
ExxonMobil, 37 others want tougher Ethical Investment Standards for oil sector
After conducting a number of moderated sessions on the draft Natural Resource Fund Bill, 38 Civil Society Actors (one of which includes, USA oil...
Govtโs indecisiveness on oil funds will lead to waste, generate unfair outcomes- Canadian Oil...
The basic question for any country facing the prospect of significant oil revenues is how it should plan the time path of spending and...
