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Lawyers representing Guyana’s former Minister of Natural Resources and the Environment, Robert Persaud, have issued a letter to former Presidential Advisor on Petroleum, Dr. Jan Mangal, requesting that he immediately retracts ‘false and defamatory’ statements on the award of...

Wells that once tapped the world’s largest crude reserves are abandoned or left to flare toxic gases that cast an orange glow over depressed oil towns in Venezuela, the New York Times said in a recent report. Refineries that once...

Improving the ease of doing business in the new oil producing country of Guyana is on the radar of the new government as it looks to expand investments in oil and gas as well as other sectors of the...

The world’s largest owner of deep-water oil rigs, Transocean, could soon be forced to file for bankruptcy after measures it took to stave off this very possibility, seem to be backfiring.   While on contract with ExxonMobil, Transocean drill ship,...

New oil producer Guyana has started to receive revenue from the sale of its offshore oil resources and government officials say these sums, which are set to increase exponentially in the coming years, will play a vital role in...

US oil major ExxonMobil said it remains committed to working with local companies in Guyana to help build their capacity so that they can better serve the growing needs of the country’s emerging oil and gas industry. The company began...

Hess Corporation announced Monday that it has entered into an agreement to sell its 28% working interest in the Shenzi Field in the deepwater Gulf of Mexico to BHP Billiton, the field’s operator, for a total consideration of $505...

The Guyana government is looking to ensure that benefits from development of the country's multi-billion-barrel oil resources are passed on to persons operating in every sector of the economy and not just those directly servicing the industry. “It’s not only...

Americas Market Intelligence (AMI) Analyst, Arthur Deakin, believes that South American neighbours Guyana and Suriname can avoid some of Trinidad and Tobago's mishaps by strengthening their institutions, improving their regulatory frameworks, and developing traditional sectors such as mining and...

Former Premier of Alberta, Canada, Alison Redford, who led a team of experts to review the work that was done by the Department of Energy for the Payara Development project offshore Guyana, strongly advocated for full transparency in the...