No oil revenues received for December, Royalty likely after March 2 elections –Finance Ministry

Even though oil production commenced on December 20 from the Stabroek Block, the government has confirmed that no revenues for...

Tullow scouting for Exxon-like targets in Orinduik Block for 2020-2021 drilling programme

Tullow Oil, (Operator) and its two other partners, Total and Eco Atlantic, are currently scouting for possible Exxon-like targets in...

Orinduik Partners still evaluating heavy oil finds, likely to drill new targets by year...

Tullow Oil and its partners on the Orinduik Block, Total and Eco Atlantic, are still evaluating the results of its...

Remove discretionary income tax holidays for mining, oil companies –IMF tells Govt.

The International Monetary Fund (IMF) is of the firm view that the local authorities should take all necessary steps to...

Critically weak Local Content Policy leaves Guyanese disadvantaged in oil industry- PPP Advisor

After perusing Guyana’s Local Content Policy which was released this week, Advisor to the People’s Progressive Party (PPP), Peter Ramsaroop...

Policies can be ignored; we need a Local Content Legislation – Jagdeo

For Guyanese to truly benefit from the oil and gas sector, legislation must be implemented to effect mandatory local involvement,...

Award of new oil block licenses pushed back to 2021

In early 2019, Energy Department Head, Dr. Mark Bynoe had said that Guyana could have a new licensing round this...

National Oil Spill Contingency Plan in operation

The Civil Defence Commission (CDC) has begun the operationalisation of the National Oil Spill Contingency Plan, with the hosting of...

Oil and Gas operators required to say how many Guyanese they intend to hire,...

According to the recently completed Local Content Policy, oil and gas operators are obligated to prepare and submit annual local...

Energy Dept. hires several technical specialists to reduce potential value leakage

In an effort to reduce the potential of value leakage, the Department of Energy has hired several technical oil and...

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