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...
Exxon’s sixth project could cost more than US$12B; take total production beyond 1.3 million...
ExxonMobil Corporation, through its subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), has submitted an application to the Environmental Protection Agency (EPA) for permission...
Quay wall construction begins for US$300M Vreed-en-Hoop Shore Base
Vreed-en-Hoop Shore Base Inc (VEHSI) said today that it has started installing the quay wall structure on its artificial island in the Demerara River....
Dutch firm wins contract to supply pipe connections for ExxonMobil’s Uaru Project
Strohm B.V, a piping manufacturer based in Holland, said it secured a second contract with ExxonMobil Corporation to supply more than 24 of its...
Guyana’s Natural Resource Fund ends 2022 with US$1.27B
Senior Finance Minister, Dr Ashni Singh submitted a Notification of Receipts to Parliament today which shows the balance of the Natural Resource Fund (NRF)...
Cash transfers to every household not feasible even at highest point of oil revenues...
President Dr Mohamed Irfaan Ali on Thursday made it clear that even at the highest point of oil and gas revenues, Guyana cannot afford...