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Guyana tax regulator casts net for accountants, auditors for petroleum departments

OilNOW -
In response to the expansion of the oil and gas tax roll, the Guyana Revenue Authority (GRA) has embarked on a strategic capacity-building drive for its Petroleum Cost Recovery and Petroleum Revenue Departments.  The initiative aims to recruit a group...
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Guyana achieves milestone: World’s first CORSIA-eligible credits for sale to airlines

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Guyana has made history by becoming the first country to receive CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation)-eligible credits for airlines, a significant achievement in global efforts to combat climate change.  According to a release from the Guyana...
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UK export agency triples financing for Guyana projects

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The United Kingdom has substantially boosted financial support for projects in Guyana, surging from £750 million to £2.1 billion. This announcement was made by the UK Minister for the Americas, Caribbean, and Overseas Territories, David Rutley, during a February...
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Suriname’s shallow offshore bid round expected to attract strong interest – Geo Expro 

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Suriname's second shallow offshore bid round is poised to garner significant attention from the global petroleum industry. The bid round offers lucrative opportunities in an area sandwiched between two major petroleum provinces, according to Geo Expro - a geoscientist...
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Western Logistics looking to service Suriname’s oil sector by Q2 2024

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Come Q2 2024, Western Logistics is looking to be fully operational in Suriname after years of demonstrating its prowess in Guyana’s oil and gas industry.  Its Chief Executive Officer (CEO), Pradeep Ramoutar, disclosed the company’s plan in an update to...
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Noble Sam Croft drilling Hatchetfish-1 well at Stabroek Block

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The Noble Sam Croft vessel is currently undertaking drilling operations at the Hatchetfish-1 well in Guyana’s Stabroek Block, operated by ExxonMobil.  According to the Maritime Administration Department (MARAD) the drillship is being assisted by 23 vessels. Those include Deep Ocean’s...
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Dispute over Hess stake in Stabroek block could lock Chevron out of Guyana

Kemol King -
A dispute over Hess Corporation's stake in the Stabroek block off the coast of Guyana threatens to sideline Chevron Corporation from its planned acquisition of Hess, potentially locking it out of Guyana. Chevron announced the agreement with Hess Corporation...
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Guyana is leading contributor to Noble’s 2023 revenue surge

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Noble Corporation plc announced US$2.6 billion in revenue in its 2023 Annual Report, marking a year-on-year increase of 83%. Notably, Guyana emerged as the leading contributor, generating US$703 million (27%) million. The bulk of Noble’s revenues also came from Guyana...
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Russia Foreign Minister denounces ‘foreign interference’ in Guyana/Venezuela border controversy

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Sergey Lavrov, Russia’s Foreign Minister, visited Caracas recently, during which he denounced 'external interference' in the territorial controversy between Guyana and Venezuela. “It is unacceptable to interfere in the internal affairs of Venezuela and any other country, in the problems...
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AMI sees Trinidad gas sales being better off if Biden beats Trump

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Trinidad’s upstream gas sector could use every boost it can get, including Joe Biden’s decision to withhold approvals for new competitive U.S. liquefied natural gas (LNG) export projects.  Americas Market Intelligence (AMI) noted in a recent analysis that Trinidad’s economy...
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Guyana among few countries in the world where investments in O&G exploration remain robust

While global oil and gas exploration has slowed dramatically over the past decade, Guyana stands as one of the...

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