Featured

Regulations on paper mean nothing if there is no leadership, will to enforce – Energy Specialist

A Guyanese Engineer with years of experience working in the United States Department of Energy says the leadership and will to enforce regulations will determine if Guyana is to avoid the misfortunes that have befallen many oil producing countries...

SBM adopts new approach to lower deepwater FPSO project costs

(Offshore) MONACO – SBM Offshore is progressing its Fast4Ward program for FPSOs, designed to make deepwater project returns more attractive at current oil prices. Oilfield developments in deeper water, with harsher conditions, require heavier installations on deck, despite space and...

“Very stiff penalties” for US oil companies involved in corruption – Ambassador

US oil companies operating around the world face stiff penalties if they are found to be involved in bribery and other corrupt practices, and according to US Ambassador to Guyana, Perry Holloway, this serves as a disincentive for them...

“It’s harder to earn money when prices are low and margins are tight” – ExxonMobil CEO

The oil supply boon fueled by hydraulic fracturing has served to push petroleum prices down. This has triggered increased competitive pressures for resource-developing companies, like ExxonMobil, and increased revenue pressures for resource-owning governments, like Guyana. Speaking at the World Petroleum...

16 youths embark on inaugural natural resources apprenticeship programme

Sixteen youths will have an opportunity during the month of August to learn more about the operations of the agencies and industries in Guyana’s natural resources sector, as part of a Youth in Natural Resources Apprenticeship Programme, launched today...

Use oil revenue to develop agriculture sector; urges Guyanese engineer

A Guyanese engineer is urging authorities to ensure some of the revenue the country is set to receive from oil production is used to develop the agriculture sector. Dr. Vincent Adams told dozens of persons gathered on Thursday for a presentation...

MSG members call for responsible media reporting on oil & gas in Guyana

As the conversation on Guyana’s emerging oil and gas industry begins to take center-stage, stakeholders, while recognizing the critical role of the media in keeping the public informed, are calling for more responsible reporting. Members of the Guyana Extractive Industries...

Venezuela could try to use details in petroleum contract to jeopardize production – Source

The contract and agreements for the development and production of hydrocarbon resources offshore Guyana may have as much as 1,000 clauses, one or more of which Venezuela could try to use to jeopardize the entire contract, and in so doing, oil...

Civil society must position itself to play watchdog role – Canadian High Commissioner

One of the key factors which can ultimately contribute to Guyana’s success as an oil and gas producing nation, is a vibrant and well informed civil society. Outgoing Canadian High Commissioner to Guyana, Pierre Giroux, believes that much more...

Sinister efforts afoot to gain access to petroleum contract, documents – Trotman

Even as Guyana continues to approach the disclosure of its agreement with US super-major ExxonMobil for the development and production of petroleum with caution, sinister moves appear to be afoot by others, to gain access to these documents, disclosed...

Latest News

Letter to the Editor: Higher production does not automatically erase the cost bank

Dear Editor, Recent commentary has suggested that because Guyana is producing more oil and earning significant revenues, the outstanding costs...