First oil in December dependent on favourable weather -ExxonMobil Secretary

While it is thrilling to be closing the third quarter with approximately $3.2B in earnings, officials at ExxonMobil are quite...

Blanket concessions for oil companies and its sub-contractors discriminatory to Guyanese –Jagdeo

The Production Sharing Agreements (PSAs) Guyana signed onto with ExxonMobil, Tullow Oil and others allow for there to be tax...

Liza Phase One to reach peak production in three to four months –Hess CEO

Chief Executive Officer (CEO) of Hess Corporation, John Hess, recently disclosed to investors that not only is first oil in...

Nothing must affect timetable for first oil –Jagdeo tells Exxon

During a recent meeting with ExxonMobil, the People’s Progressive Party (PPP) made it clear that it does not want anything...

Jagdeo supports Exxon selling Guyana’s oil entitlement until elections are over

Even though the government has announced that Guyana would be selling its share of the oil, Opposition Leader, Bharrat Jagdeo...

Draft Local Content Policy makes no provision for development fund to help struggling businesses

For over three years, local entrepreneurs desirous of servicing the oil sector have bemoaned the difficulties faced in accessing capital...

Ramps Logistics clears Rowan jackup rig for Repsol’s Carapa-1 well on Kanuku block

Director of New Ventures at Ramps Logistics, Javed Razack has revealed that the company’s local team recently cleared the Rowan/Valaris...

Eco Atlantic potentially sitting on 600 million barrels of recoverable oil -Berenberg Bank

Berenberg Bank, one of the world’s largest multinational investment banks, reported that one of its most attractive merger and acquisition...

Penalties for polluters to be included in Draft National Oil Spill Contingency Plan -CDC...

Guyana’s draft National Oil Spill Contingency Plan makes provisions for polluters to handle all costs associated with any spill on...

Guyana will be a growth pole for the rest of the Caribbean –IMF Mission...

Trinidad and Tobago is not alone in its quest to benefit from Guyana’s oil. In fact, several CARICOM territories are...

Recent Updates