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...
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,...
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...
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...
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...
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...
(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...
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...
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...
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...