Govt. welcomes CGX’s major hydrocarbon discovery in Corentyne Block
The Ministry of Natural Resources (MNR) has welcomed the latest major oil discovery at the Wei-1 exploration well in located the Corentyne Block. Conducted...
Guyana’s two oil ships exceeding expectations; exploration for more crude ongoing – Hess CEO
Hess Corporation’s Chief Executive Officer (CEO), John Hess has revealed that Guyana’s Liza Unity and Liza Destiny floating production and offloading (FPSO) vessels have...
Opposition highlights “alarming” deficiencies in draft oil law
The Office of the Leader of the Opposition today expressed deep concern about several deficiencies in the government’s draft Petroleum Activities Bill 2023 which...
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...
Environmental stewardship is the hallmark of our Guyana operations- Exxon says in 2022 Annual...
In its recently published Annual Report for 2022, ExxonMobil Guyana was keen to highlight its commitment to environmental studies and upholding best practices in...
ExxonMobil funds training for 25 young men in electrical installation
ExxonMobil, a leading global energy company, has successfully funded a training programme for 25 young men in electrical installation and other life skills sessions....
SBM announces US$37M in contracts this year for Guyanese
SBM Offshore, the Dutch shipbuilder for four of Guyana’s oil vessels, recently announced that it has set aside US$37M in contracts for Guyanese companies.
This...
“Frank” discussions needed on Guyana’s local content gains- Jagdeo
Vice President, Dr. Bharrat Jagdeo is of the view that the time has come for “frank" discussions on Guyana's local content gains.
He made this...
Jagdeo anticipates opposition’s criticism of consultation period for updated oil bill
Dr. Bharrat Jagdeo, the Vice President, has expressed his expectation that the opposition will raise objections regarding the two-week consultation period for the draft...
Guyana oil blocks auction postponed again
The government has once again decided to postpone Guyana's inaugural auction, the 2022 Licensing Round. Vice President, Dr. Bharrat Jagdeo made this announcement during...
