Guyana’s oil account soars to $311B
Bank of Guyana recently disclosed that the closing balance for the nation’s National Resource Fund (NRF) at the end of January 2023 was a...
Mahipaul wants National Assembly to compel release of all documents for Wales Gas-to-Energy Project
Opposition Member of Parliament (MP), Ganesh Mahipaul is now the third APNU+AFC member hoping to successfully summon the powers of parliament to access all...
Qatari experts to help Guyana refine Gas Leak Management Plan
The Government of Qatar is expected to provide Guyana with two experts to assist with the development of a Gas Leak Management Plan. “This...
Audit report on ExxonMobil’s $7.3B bills to be finished by March 2023- Min. Bharrat
Natural Resources Minister, Vickram Bharrat assured members of the National Assembly on Tuesday that the final report on the audit of ExxonMobil’s expenses, incurred...
$100.7M approved for review of Exxon’s plans for sixth project
The Committee of Supply on Tuesday approved $100.7M which will be used to hire a consultant to review key documents for ExxonMobil Corporation’s sixth...
Guyana initiates steps to store sensitive oil data in-country
The Ministry of Natural Resources said it plans to create a robust Oil and Gas Data Management System in-country. Specifically, subject minister Vickram Bharrat...
Govt. allocates over $200M to support offshore inspections in oil sector, other management activities
The Ministry of Natural Resources has set aside $204M for a suite of petroleum management activities. In providing a breakdown of some of the...
Local Content Secretariat gets $50M injection for 2023
The Local Content Secretariat is poised to receive a $50M injection for 2023 following the scrutiny of the Ministry of Natural Resources' budget by...
Guyana to produce 136 million barrels of oil this year
With Guyana’s third oil ship dubbed Prosperity, set to come onstream later this year at the Stabroek Block's Payara field, the country is poised...
Guyana to carefully examine India’s proposal for long-term purchasing of Stabroek Block crude
While India has expressed great interest in purchasing oil from Guyana via a long-term agreement, the PPP/C government says it is not inclined to...
