Hess to spend 80 percent of its budget on ‘high return assets’ in Guyana

The exploration and development budget for Hess Corporation is pegged at US$2.9B for 2019, and instead of investing 40 percent...

Residential mortgages jump by 16 percent due to oil sector activity-IMF Mission Chief

Even before Guyana gets its first barrel of oil, various sectors are already noting the impacts of the anticipated oil...

Rush to pass Local Content could increase Guyana’s cost recovery –Hughes warns

Since the discovery of oil, there has been an overwhelming desire from the citizenry and even international operators to ensure...

Tullow’s 2nd discovery encourages exploration in Guyana’s shallow waters- Ramps Logistics Director

Tullow Oil’s second discovery, at the Joe-1 exploration well in the Orinduik Block, is poised to have a favourable impact...

UK firm hired to review Exxon, other oil majors Field Development Plans

Out of 17 firms that submitted a bid, UK-based firm Bayphase Oil and Gas Consultants has won the contract to...

GRA hurries to prepare for oil auditing but still to get tax administration right...

The Guyana Revenue Authority (GRA) is yet to fix some of the fundamental issues related to tax administration. Yet, this...

Citizens should receive portion of oil money but on conditions-Jagdeo

Economist, Professor Clive Thomas’s suggestion that government should consider annual cash transfer of $1Million (US$5000) to poor households when oil...

Five days after calling for protection from Trinidad, GCCI now “welcomes” partnership with “CARICOM...

Six days ago, the Georgetown Chamber of Commerce and Industry (GCCI) called on the Government to offer some level of...

EPA has power to cancel oil operations if Environment Permits  are breached

The Environmental Permits being issued to oil and gas operators have no provisions or fees for noncompliance. Be that as...

Legislative review completed to prepare MARAD for oil sector – Director General

The Maritime Administration Department (MARAD) has completed its legislative review in anticipation of MARAD’s increased mandate for the looming oil...

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