Draft Petroleum Act paves way for Guyana to tackle discoveries overlapping into other territories
Government’s 2023 Petroleum Activities Bill incorporates provisions to address cross-border unitization of discoveries. The term is used in a circumstance where a petroleum reservoir...
We have to persuade ExxonMobil that current oil deal cannot stand-Ram
The Production Sharing Agreement (PSA) that was revised and signed in 2016 between the Granger administration and Stabroek Block partners, ExxonMobil, Hess Corporation, and...
CGX suffered net loss of US$2.7M in second quarter, prepares to give up 25%...
According to its unaudited financial statements for the period ended June 30, 2020, CGX Resources Inc, reported to the market that it has suffered...
AG updates Toronto City Hall on Guyana’s Oil and Gas developments
Attorney-General and Minister of Legal Affairs, Basil Williams yesterday (June 14, 2018) updated
a high-ranking official of the Toronto City Hall, on developments being made...
IMF, Commonwealth Secretariat helping Guyana with review of legal and regulatory frameworks for oil...
Developmental partners such as the Commonwealth Secretariat, the International Monetary Fund (IMF), the World Bank and the Inter-American Development Bank (IDB), are assisting Guyana...
Key oil and gas terms every Guyanese must know
By Sueann Wickham
In 2015, Guyana embarked on an ambitious journey into the realm of oil production led by an ExxonMobil-consortium in the Stabroek Block....
Liza Field to make Hess Corp. a free cash flow engine for shareholders by...
During its third-quarter earnings call, Hess Corporation Executives bragged about the company becoming a free cash flow engine for shareholders by 2022 thanks to...
Discovery on Orinduik Block increases Guyana basin’s international appeal — Ramson
The recent discovery on the Orinduik Block by Tullow Oil is a significant development in Guyana’s history and has now introduced another...
ExxonMobil cuts 2020 budget by US$10B, says third project offshore Guyana to be delayed
As a result of the declining demand for oil on the world market, ExxonMobil said today that it is reducing its 2020 capital spending...
GPSU raises concerns over Gov’t thrust to Strengthen Productive Sectors from oil monies
The Guyana Public Service Union (GPSU) has raised concerns over the Government of Guyana's aim to strengthen productive sectors from oil monies.
See full statement...
