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Monthly Archives: March 2018

Saipem contracts Guyanese company for shorebase services

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Saipem America Incorporated has indicated that it will be contracting a Guyanese company to provide shore-base services for its operations in the Liza Field in...

Guyana files litigation action against Venezuela with ICJ

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The Guyanese government on Thursday formally filed its Application with the International Court of Justice in The Hague, over its border controversy with neighbouring...

GCCI embraces two-pronged strategy to bolster private sector O&G involvement

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The discovery of oil in Guyana and imminent first oil in 2020 has pushed the Georgetown Chambers of Commerce and Industry (GCCI) to embrace...

Guyana to cycle its signing bonus through national coffers

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Guyanese Minister of State, Joseph Harmon has assured stakeholders that funds to be used from the US$18M signing bonus will first be placed in...

No guarantee unprecedented rate of oil discoveries will continue – ExxonMobil Country Manager

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Despite the discovery of more than 3.2 billion barrels of oil off the Guyana coast, the South American country’s offshore basin still remains risky...

Business Ministry to take lead on development of local content policy framework

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Guyana’s Ministry of Business has been tasked with spearheading the development of the country’s local content policy framework, now slated to be finalized and...

Guyanese authorities meet to finalize national oil-spill response plan

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Guyanese authorities today began—through a one day stakeholder workshop—a review of its National Draft Oil Spill Contingency Plan, for finalizing and implementation within the...

Guyana’s windfall from oil production is not fake news – US Ambassador

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United States Ambassador to Guyana Perry Holloway on Tuesday told an oil and gas forum that Guyana is set to receive significant revenue  when...

Guyana moving towards compilation of first EITI report

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An independent administrator will soon be hired, as part of the requirement by the international body of the Guyana Extractive Industries Transparency Initiative (GYEITI),...

Nabi Oil & Gas PSA outlines ‘sliding’ 70% cost recovery pegged on oil price...

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The Government of Guyana is to release another Petroleum Agreement shortly; this time for Nabi Oil and Gas Inc., signed in 2012. This is according...