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EITI Regional Director urges continued transparency

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The Guyana Government is being urged to continue its transparency efforts regarding contracts with oil companies operating in its territory.  This call was made by the Regional Director of the Extractive Industries Transparency Initiative (EITI) Francisco Paris. According to the...
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Guyana has more barrels of oil per capita than any country in the world – Rystad Analyst

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With eight commercial oil discoveries made since 2015 and just two dry holes, Guyana’s success rate stands at a record 80% while the industry average is 35% in general and 20% for frontier regions. Senior Analyst at Norway-based Rystad Energy,...
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Oil doesn’t attract crime; more people and money do – US Ambassador

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US Ambassador to Guyana, Perry Holloway, has called for significant investments to be injected into crime and security, as Guyana needs to prepare itself for new challenges as an emerging oil and gas economy. He was delivering the keynote address...
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Rystad Analyst: “We need to incentivize people to come and invest’

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Guyana is a frontier country in terms of oil and gas and as such the fiscal regime offered to international exploration companies needed to be attractive as the area was yet to be derisked. In light of this, Guyana...
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Public scrutiny must lead transparency efforts – EITI Regional Director

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As Guyana pushes to promote transparency, accountability and good governance of its oil, gas and other natural resources, the Guyana Extractive Industries Transparency Initiative (GYEITI) in collaboration with the Ministry of Natural Resources opened a two day capacity building...
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Consultations on EIA for Liza Phase 2 begin in Guyana

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Public consultations on the draft Environmental Impact Assessment (EIA) report for the Liza Phase 2 development got underway in Georgetown on Monday. A series of these meetings will take place over the next two weeks at various locations across...
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PDVSA’s oil sales to US bounced in June; Caribbean stocks drained

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(Reuters) - Venezuelan crude sales to the United States recovered in June from May as state-run PDVSA exported more of its diluted oil to its customers and drained inventories from two Caribbean islands affected by assets seizures, according to...
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PSC facilitating presentation on Guyana share of revenue from oil production

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The Private Sector Commission of Guyana (PSC) will be facilitating a major presentation on the country’s share of revenue from oil production, scheduled to take place on July 10 in the capital city of Georgetown. The presentation will be made...
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ExxonMobil stakeholder plan provides avenue for feedback from Guyanese

OilNOW -
As part of the preparations for the Liza Phase 1 Development offshore Guyana, US oil major ExxonMobil, through its local affiliate, has developed a detailed Stakeholder Engagement Plan (SEP) that outlines how the company will interact with groups connected...
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GYEITI staging two-day worskshop

OilNOW -
The Guyana Extractive Industries Transparency Initiative (GYEITI) with support from the Ministry of Natural Resources will be hosting a two-day workshop on understanding the EITI value chain and Guyana’s first EITI reporting cycle, its challenges, benefits and opportunities. Officials...
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CNOOC’s record production in Guyana boosts strong Q3 results

CNOOC Limited announced its highest-ever net production and net profit for the third quarter of 2024, crediting increased output...

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