Guyana received US$1.6 Billion in profit oil, royalties for 2023-Minister Singh
According to Guyana’s 2024 budget, the country recorded a staggering US$1.6B in oil earnings for 2023. Revealing the details of the income for the...
Local Content Law secured employment for over 3900 Guyanese; trapped US$721M in spend for...
Since its passage in 2021, Guyana’s Local Content Law has proven to be a powerful instrument in securing jobs for citizens. In fact, Senior...
$80 Billion set aside for Gas-to-Energy project in 2024 Budget
Guyana's landmark gas-to-energy project has secured a significant allocation of $80 billion in the 2024 budget. This was disclosed today by Finance Minister, Dr....
Ramjattan backs Chris Ram’s claim that NRF bloated with taxes for oil companies
Leader of the Alliance For Change (AFC), Kemraj Ramjattan has added his voice to the ongoing debate on the overstated nature of the Natural...
Govt. striving for deeper integration of energy sector into local economy- VP Jagdeo
Vice President, Dr. Bharrat Jagdeo recently highlighted that the government is taking strategic steps to integrate the oil and gas sector into the economy...
India to help Guyana continue build out of robust regulatory framework for oil sector-VP...
While the Guyana Government has already covered substantial ground in modernizing its framework for the oil and gas sector, there is still more running...
Govt. covering costs for Gas-to-Energy project until US Exim bank approves US$660M loan –...
While the US Exim Bank is yet to green light a US$660 million loan to support the government’s Wales Gas-to-Energy project, Vice President, Dr....
Oil exploration in Roraima Block hinges on outcome of Guyana/Venezuela border case before ICJ-Report
Anadarko is facing an indefinite suspension of its operations in the 19,440 km(sq) Roraima block, pending the outcome of the Guyana/Venezuela border controversy case...
Govt. still verifying source of funds, assessing financial strength of new oil block winners...
Vice President, Dr. Bharrat Jagdeo confirmed today that the Natural Resources Ministry is still conducting its due diligence on the companies which submitted eligible...
Significant oil finds in Guyana and elsewhere indicate India may not face high oil...
India's reliance on imported oil, accounting for 85% of its needs and costing over US$120 billion annually, consistently places high oil prices at the...
