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With the advent of oil and gas there has been growing interest in the South American country of Guyana and authorities are moving to capitalise on this with the launch of a trade facilitation road map 2019- 2024. The road...

A high-level Guyanese delegation on Monday visited the country’s first Floating, Production, Storage and Offloading Vessel (FPSO)—the Liza Destiny—for a first-hand look at the facility that will be producing the country’s first barrel of oil. The team, comprising ExxonMobil’s Country...

A private sector executive in the South American country of Guyana is calling for equal pay for equal work in the nation's emerging oil and gas sector, regardless of nationality or gender orientation. Ramesh Persaud, who is the Chief Executive...

The 2% royalty to be paid by ExxonMobil to the Guyana Government when oil production begins does not represent the country's entire take from its offshore oil revenues; a critical component of the discussion that is missing from public...

Guyana’s finance minister Winston Jordan has urged the Guyana Oil Company (GUYOIL) to prepare itself to capitalize on opportunities in the South American country's burgeoning oil and gas sector as preparations ramp up for oil production commencing in early...

The rate at which Guyana’s Offshore Basin oil reserves will be depleted will clearly be influenced by the licencing arrangements. The basic decisions regarding the frequency and size of licence rounds, the location of blocks on offer, and the...

Guyana's Department of Public Service is preparing to embark on a countrywide needs assessment survey, with special focus on the country's emerging oil and gas sector. Minister with responsibility for the South American nation's Public Service, Tabitha Sarabo-Halley, says this...

With commercial oil and gas exploration commencing in the first quarter of 2020 in Guyana, India has interest in entering into a commercial agreement with the South American country. This is according to the newly accredited Indian High Commissioner to...

Dutch floater specialist SBM Offshore and ExxonMobil have signed a Long-Term Agreement covering potential future FPSO orders. SBM last week delivered the first FPSO – Liza Destiny – for ExxonMobil’s Liza Phase 1 Development project offshore the South American country...

The Stabroek Block offshore Guyana is being praised as a transformational investment opportunity for Hess Corporation. The company’s 30 percent stake in the prolific 6.6 million acres block is helping to put it well on its way to increasing...