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Guyana oil reserves hover around 3 billion barrels with more discoveries...

With no proven oil reserves just over two and a half years ago, Guyana now has approximately 3 billion barrels of recoverable oil and...

Oil money will go towards savings, infrastructure and social programmes –...

A percentage of revenue from oil production in Guyana will go towards savings via the Sovereign Wealth Fund (SWF) and investments will be made...

Guyana looking to get highest value for its share of oil...

When oil production begins in Guyana in 2020, the South American country will be looking to get the highest value for its share of...

Guyana looking to make O&G local content framework “national model”

While a draft Local Content Policy framework currently being reviewed in Guyana has been designed specifically for the oil and gas industry, the government...

Gov’t, Exxon need to sit down and decide on disclosures –...

The Guyana government and US super-major ExxonMobil will need to sit down and chart a way forward regarding the disclosure of information related to...

Petroleum Bill: Getting it right trumps passing it with haste –...

The passage of the Petroleum Commission of Guyana Bill 2017 which would pave the way for the establishment of a Petroleum Commission could occur...

Open bidding for petroleum blocks will be determined by national interest...

Guyana’s decision to retain a system of direct negotiations with companies or move towards a bidding system for the issuance of Exploration and Production...

Guyana will push for higher royalties, greater profits in future negotiations...

Significant petroleum discoveries offshore Guyana by US super-major ExxonMobil has served to derisk the Guyana-Suriname basin, and in so doing, strengthen the South American country’s...

Guyana looking to put National Oil Company on front burner next...

The plan for establishing a National Oil Company in Guyana is advancing rapidly and according to the country’s Minister of Natural Resources, this will...

UNDP expert due back in Guyana Monday for local content talks...

A UNDP expert advising the Guyana government on its draft local content policy framework is due back in the country on Monday and will...

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