(Jamaica Observer) The Petroleum Corporation of Jamaica (PCJ) says a geological study recently conducted by CGG Robertson of the United Kingdom has revealed further “encouraging” signs for possible petroleum potential on and off-shore Jamaica.
“The investigations, which were carried out...
Further amendments are being made to the bill being proposed for the establishment of Guyana’s Petroleum Commission – the regulatory body that will have oversight of the oil and gas industry.
The move, which would possibly see the reducing of...
ExxonMobil Guyana’s US$300,000 (G$62M) contribution to the Iwokrama International Centre back in November has paved the way for the re-launching of the entity’s Science Programme. The first meeting for the Iwokrama Science Committee was held on February 12-13 where the...
A total of 15 Guyanese recently completed courses in Basic Safety Training (BST) and Ship Security Awareness (SSA) as part of the requisite training and certification needed to qualify them to be employed on the Noble Bob Douglas Drillship.
The...
Gaico Construction and General Services - a Guyanese company investing in marine vessels, skimmers, booms and other oil spill response equipment - wants the Guyana Government to immediately overhaul its marine laws ahead of oil production.
GAICO’s, Chief Executive Officer,...
The final draft document outing Guyana’s local content policy framework has been handed over to authorities and an implementation plan is expected to be crafted soon.
Author of the document and Policy Advisor to Guyana’s Natural Resources Ministry, Regional Energy...
The University of Guyana (UG) is appealing for bigger investments in order to effectively ‘prepare thousands of Guyanese’ for the country's emerging Oil and Gas (O&G) sector.
So says the institution’s Vice Chancellor, Professor Ivelaw Griffith, who this past week...
The petroleum agreement between the Government of Guyana and Canadian-based CGX Resources Inc. (CGX Energy) stipulates 53 percent profit oil and 1 percent royalty for the South American country in the event the company makes a discovery and moves...
Guyana’s Head of State, President David Granger has downplayed the notion of renegotiating the Production Sharing Agreement between the South American country and ExxonMobil affiliate - Esso Exploration and Production Guyana Limited.
Speaking to members of the media on Wednesday...
(OilPrice) While analyst estimates and official figures show that Venezuela’s crude oil production continues to plummet amid a severe economic crisis and cash crunch, Venezuelan President Nicolas Maduro—true to his rhetoric--said on Thursday that the country’s oil production had increased...