The International Monetary Fund (IMF) has found that Guyana’s royalty rate of two percent for its Stabroek Block, while seen as modest, will in fact protect the country from skullduggery in the form of distorted investments and production levels...
The South American country of Guyana intends to spend the billions of dollars that is expected from oil production in the coming years, in the context of its Green State Development Strategy (GSDS).
The GSDS will guide Guyana's economic and...
United States Ambassador to Guyana, Perry Holloway says ‘new experts’ in the South American country have been dwelling on all the worst case scenarios while ignoring the positive impacts significant oil production can bring to the country. See more...
Guyana’s Minister of Foreign Affairs, Carl Greenidge, says as the legal process in the Guyana/Venezuela border case advances at the International Court of Justice (ICJ), additional monies may be required to cover all legal expenses.
He told media operatives, during...
Guyana’s first and major oil deal, with ExxonMobil, produces results for the government which are outlier low, a financial model reveals. Over the life of the project the government should expect to see from 52% to 54% of profits,...
Guyana’s Private Sector Commission (PSC) is pushing for the country’s government to outline a clear framework for the development of the emerging oil and gas sector.
PSC presented its Action Plan for the Sustainable Development of Guyana to Minister of...
Guyana’s Ministry of Natural Resources (MNR) will be moving to establish an information portal on the development of natural resources in the South American country the Department of Public Information (DPI) stated in a report.
Natural Resources Minister, Raphael Trotman...
(Bloomberg) Exxon Mobil Corp. got such a “favorable” deal from Guyana, home to the biggest new deepwater oil play that the tiny South American country should rewrite its tax laws, the International Monetary Fund said.
While Guyana should honor the existing deal, future...
The Noble Bob Douglas – ExxonMobil Guyana’s second drillship – recently arrived in the South American country and is currently drilling its first exploration well at the Sorubim field some 83 nautical miles offshore.
“We brought our second drillship into...
The Bahamas-flagged Tina Very Large Crude Carrier (VLCC) – the vessel being converted to the Liza Destiny FPSO – has successfully dry-docked for the first time at Keppel’s shipyard in Singapore.
ExxonMobil Guyana says the vessel is expected to be...