Natural Resource Fund racks up US$1.28M profit in second quarter
Bank of Guyana has reported that Guyana’s Natural Resource Fund (NRF) recorded a profit of G$266.04 million (US$1.28 million) during the second quarter compared...
Only 40% of trillion-dollar budget will be backed by loans – VP Jagdeo
About 40 percent of Guyana’s $1.146 trillion budget, unveiled on Monday, will be financed by external loans. The remainder will come from the country’s...
Gas-to-Energy Project holds tremendous promise for Guyana if key pitfalls are avoided – Economist ...
International Economist, Dr Justin Ram is of the firm conviction that the imminent gas-to-energy project is not only an essential bridge to a low...
ExxonMobil’s third drillship headed to Stabroek basin
ExxonMobil has added a third drillship to its Guyana basin with the Noble Tom Madden to join the Stena Carron as the oil major...
Gas-to-energy project to be delayed by 6 months – Reuters report
Guyana's flagship gas-to-energy project, aimed at leveraging the nation’s natural gas resources to slash electricity costs, will face a six-months set back, according to...
Local businesses assured of optimum involvement in oil and gas sector- President Ali
President Dr. Irfaan Ali has reaffirmed his Government’s commitment to ensure that local businesses are optimally involved in the oil and gas sector.
The Head...
ExxonMobil’s Local Content plans, reports have not been made public for four years
One of the requirements for securing a Production Sharing Agreement (PSA) is to provide the Minister of Natural Resources with a detailed local content...
Guyana must consider its limited human resources in rush to build more shore base...
Since 2017, the Guyana Shore Base Inc. (GYSBI) has been the preferred provider of shore base management and integrated logistics services for operators offshore....
ExxonMobil Guyana has more than US$21B at its disposal to cover oil spill costs-...
Top officials at ExxonMobil Guyana faced the media today to set the record straight on a number of distorted positions being peddled in the...
Govt. approves 13 more Local Content Annual Plans
The Ministry of Natural Resources (MNR) recently granted its approval to 13 additional Local Content Annual Plans for the reporting year of 2023. This...
