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Guyana President will directly oversee new Petroleum Department

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The Petroleum Department which is to be set up soon in Guyana will be directly guided by the country’s Head-of-State, President David Granger, while Minister of State, Joseph Harmon will handle all matters related to the Department, in the...
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Commercialization of gas from Guyana’s oil fields will be growing challenge – Wood Mack

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As more oil discoveries continue to be made offshore the South American country of Guyana the commercialization of gas will become a bigger challenge. Analyst Wood Mackenzie says lack of infrastructure and a visible marketization plan for commercializing gas which...
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GCCI President wants ‘expatriate workforce policy’ enshrined ahead of first-oil

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President of the Georgetown Chamber of Commerce and Industry (GCCI), Deodat Indar, is calling on the Guyanese government to immediately put in place measures to regulate the influx of expatriate workers through robust immigration policies and to priorities locals...
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ExxonMobil has a right to make money on its investment – Bharrat Jagdeo

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Former Guyanese President Bharrat Jagdeo today said contracts are sacrosanct, must be respected and that the US Oil Exploration Company, ExxonMobil, has a right to make money on its investment. Mr. Jagdeo was speaking at his Church Street, Georgetown Office...
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Private sector says irresponsible reporting damaging to country’s image

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While recognizing the vital role media plays in fostering transparency and accountability in society and keeping citizens informed, private sector officials in Guyana say responsible reporting is critical to ensuring issues are not misrepresented in a way that ultimately...
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Guyana playing major role in ExxonMobil aggressive growth plans that is set to double earnings

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ExxonMobil today outlined an aggressive growth strategy to more than double earnings and cash flow from operations by 2025 at today’s oil prices. The South American country of Guyana is listed as one of the key drivers in these latest...
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ExxonMobil, Guyana officials stress ‘sanctity of contract’ at O&G seminar

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As questions continue to be raised about the prospect of a ‘renegotiation’ of the Production Sharing Agreement (PSA) between Guyana and ExxonMobil, officials from both the Guyanese government and the oil company are adamant that the contract is valid...
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Comparison between Guyana & Ghana oil contracts ‘selective, misleading’ – Business Minister

OilNOW -
Guyana’s Minister of Business, Dominic Gaskin on Tuesday condemned what he calls a concerted effort to derail progress in the country’s emerging Oil and Gas (O&G) industry, saying those comparing the country’s 2% royalty to Ghana's 10% “know very...
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One year earnings from oil equals 8 from gold – Business Minister

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The Guyana Government has collected just over US$300M in royalties and taxes from all the gold produced in the country over the last eight years which means in the first year of oil production, the country will earn about...
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Guyana economy could reach size of T&T’s by mid 2020s – Ramnarine

OilNOW -
Fueled by oil revenue, Guyana’s economy is set to reach that of its CARICOM neighbor - Trinidad and Tobago - by the mid-2020s. This is the view of the twin island republic’s former Minister of Energy and Energy Affairs,...
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US$500M+ United States loan for Guyana gas project clears key hurdle

Guyana's Vice President, Bharrat Jagdeo, announced during a November 28 press conference that the United States Export-Import Bank (EXIM...

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