Thursday, October 6, 2022

Featured

Guyana submits application for EITI candidacy

Guyana officially submitted its candidature application to the International Secretariat of the Extractive Industries Transparency Initiative (EITI) in Oslo, Norway, on Friday. The application was submitted by Minister of Natural Resources, Raphael Trotman, in the presence of members of...

Interest from UK companies in Guyana “gone through the roof” – High Commissioner

There has been a notable increase in the interest shown by companies in the United Kingdom (UK) to invest in Guyana since the arrival of the oil and gas sector. This was disclosed by British High Commissioner to Guyana,...

More interest groups tour ExxonMobil Centre for Local Business Development

Members of the Guyana Oil and Gas Association (GOGA) were given a tour of ExxonMobil's Centre for Local Business Development (CLBD) on Wednesday, as part of a series of familiarization visits the Centre has organized for Guyanese interest groups. Giving...

Investors moving ahead with plans for “GY$100 per share” modular refinery

Investors are moving ahead with plans to set up a modular oil refinery in Guyana with an initial capacity of 6,000 barrels per day and shares available locally at 100 Guyana dollars each. The key stakeholder behind this project is...

Manufacturing group tours ExxonMobil business development centre

Officials from the Guyana Manufacturing and Services Association (GMSA) on Tuesday were given a tour of the ExxonMobil Centre for Local Business Development, located on South Road, Georgetown, Guyana. President of GMSA, Shyam Nokta, in brief remarks said the manufacturing...

Liza Phase 1 Development Fact Sheet

The Government of Guyana announced on June 15, 2017 that it had approved the ExxonMobil Liza Phase 1 development plan and had issued a Production License to the company. ExxonMobil outlines the Liza Phase 1 project development description as follows: ...

Oil to Soil: O&G services company farms into agriculture

A company specializing in the provision of manpower resources and a range of other services to the oil and gas industry is investing big in agriculture development in Guyana. The JSL International Group of Companies has to date invested a...

No basis for renegotiating ExxonMobil contract says Guyana’s Finance Minister

Guyana’s Minister of Finance, Winston Jordan, says there is absolutely no basis for a renegotiation of the contract between the country and US super-major ExxonMobil, for oil production set to begin in 2020. The South American country is expected to...

Liza Phase 2 targeted for 2023; proposed natural gas project being discussed

The ExxonMobil Liza Phase 2 development project in Guyana could start as early as 2023, following the commencement of Phase 1 scheduled for mid-2020 which will bring first oil for the South American country. Discussions are also ongoing for a...

Smart start needed for oil production; not perfection – Regulatory Consultant

Guyana must think smart and utilize the little time it has available to create a robust regulatory framework, before commercial oil production begins in 2020, advises regulatory professional and risk consultant, Peter Wilkinson. He said based on the time remaining...

Latest News

‘TT companies will move to Suriname if Ramps doesn’t get local content certificate’ – Trini business strategist

If Guyana fails to grant Ramps Logistics a Local Content Certificate to operate within its oil sector, Trinidad and...