Guyana’s oil production set to soar with new developments- Mid-Year Report
Guyana, a burgeoning player in the global oil industry, has reported a significant upswing in its oil production in the first half of 2023,...
Opposition alleges lack of transparency in US$2.2B Wales Gas-to-Energy project
The political opposition has raised concerns about the transparency of the Government regarding the Wales Gas-to-Energy project, laying accusations that it is withholding crucial...
Govt. to apply “best practices” from recent oil law updates to Exxon’s field development...
Vice President, Dr. Bharrat Jagdeo, emphasized that the recent updates to petroleum legislation and the introduction of new model Production Sharing Agreements (PSAs) will...
Govt. withdraws US$200 Million from Natural Resource Fund
Guyana's Senior Finance Minister, Dr. Ashni Singh, confirmed on Thursday that government has completed its third and fourth withdrawals from the Natural Resource Fund...
Repsol will have to forfeit US$500M in exploration costs under new licence if granted,...
In the event that the Government of Guyana decides to grant Repsol a fresh prospecting licence, the company could find itself unable to claim...
Examining the facts: Is govt. willing to step on ExxonMobil’s toes in protection of...
By Abena Rockcliffe
Several Guyanese who demonstrate concern about oil and gas, and the government’s handling of this golden egg, expressed their belief that the...
Oceaneering expands int’l footprint with high-value offshore contracts
Oceaneering, a leading oilfield services provider headquartered in the United States and currently operating in Guyana, has secured two significant contracts with a combined...
Exxon seeking to foster community dialogue on 6th oil project
ExxonMobil Guyana has revealed that it is proceeding with its sixth development, the Whiptail project and it will be hosting a series of public...
Govt. to greenlight Tullow’s exit: Eco-Atlantic set to take the helm in Orinduik Block
Vice President Dr. Bharrat Jagdeo has confirmed that the government will give approval to Tullow Oil Plc for the sale of its operating interest...
Jagdeo confirms expiration of Repsol’s Kanuku block licence; says company seeking renewal
Vice President, Dr. Bharrat Jagdeo has officially confirmed the expiration of the prospecting licence held by Spanish oil company Repsol for the Kanuku Block,...
