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Manufacturing body staging SWF discussion in Guyana

A discussion is set to get underway today – Thursday, September 13, to examine the management of future petroleum revenues and the establishment of a fiscal rule and a Sovereign Wealth Fund (SWF) in Guyana. The event is being...

Guyana paying close attention to technical capacity as ExxonMobil 3rd drill ship set to arrive October

ExxonMobil Guyana's third drillship - the Noble Tom Madden - is set to arrive in the South American country in October. This vessel will focus primarily on exploration of high potential areas and will commence drilling at the ‘Pluma’ prospect approximately...

Erdogan appoints himself chairman of Turkey’s sovereign wealth fund

(Reuters) - Turkish President Tayyip Erdogan has appointed himself chairman of the country’s sovereign wealth fund and completely changed its board, naming Finance Minister Berat Albayrak as his deputy, the country’s Official Gazette said on Wednesday. The revamp was the...

Guyana’s 9th oil discovery opens way for new 10-billion-barrel province – Westwood

On August 30th Exxon announced the ninth discovery offshore Guyana at the Hammerhead-1 well, adding to the resource base of 4 billion barrels of oil equivalent found since the Liza discovery in 2015.  Liza is expected to be onstream in...

Eco Atlantic says Guyana prospect contains approximately 3 billion barrels of oil and gas

(Reuters) - A prospect operated by Tullow Oil off Guyana contains an estimated 3 billion barrels of oil and gas, its partner Eco Atlantic said on Tuesday, as the two firms prepare to drill in the Latin American oil...

GCCI says foreign investors welcomed ‘in spirit of fairness’

A week after calling for close scrutiny of a Memorandum of Understanding Guyana is set to sign with Trinidad and Tobago, the Georgetown Chamber of Commerce and Industry is making it clear that it is not anti-investment. The Chamber expressed...

Guyana on track to meet ICJ deadline

Guyana is in the process of completing its’ memorial on the Guyana/Venezuela border controversy, which is expected to be submitted to the International Court of Justice (ICJ) by November 19, 2018. A memorial is a petition or representation made by...

Equatorial Guinea could end oil service contracts over failure to comply with local content rules

Major oil companies in Equatorial Guinea could be asked by the end of September to cancel their contracts with service providers such as TechnipFMC, Schlumberger and Subsea 7 SA because they aren’t complying with local-content rules over training and...

Guyana signed MoUs before and there was no apocalypse – Foreign Minister

Guyana’s Minister of Foreign Affairs, Carl Greenidge, said the Memorandum of Understanding to be signed between Guyana and its Trinidadian counterpart later this month will in no way adversely affect the country’s development, but rather strengthen it. Speaking at a...

Saipem America provides internship for Guyanese students

Liza SURF contractor Saipem has collaborated with the University of Guyana and the Government Technical Institute to facilitate an internship programme for four Guyanese students in the United States of America. They will conduct their internship from September to...

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Europe took all of Guyana’s Golden Arrowhead oil cargoes lifted in September

Europe received all four cargoes of Golden Arrowhead crude oil lifted from ExxonMobil’s Yellowtail project in September, according to...