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Oil prices rise to one-month high

The price for oil on the global market rose on Tuesday to an almost 1-month high with Brent futures increasing by US$1.05, or 2 percent, settling at US$54.17 per barrel. This increase comes on the heels of an unplanned production...

Guyana welcomes the announcement made today by ExxonMobil – Ministry of Natural Resources

The Ministry of Natural Resources today issued a press release in response to the announcement made by ExxonMobil regarding the discovery of more than 82 feet (25 meters) of high-quality, oil-bearing sandstone reservoirs at their Snoek well. The text of the...

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The PAA Series: Environmental Management – Decommissioning (Part 1)

In PAA Series: Introduction we summarised the contents of Part IX of the Petroleum Activities Act 2023 (‘PAA’) which...