News

The 2nd edition of the Suriname Energy, Oil & Gas Summit & Exhibition (SEOGS 2022) will be hosted this week in Paramaribo from June 28 to 30. The event is set to provide the opportunity to hear from government,...

Commissioner-General of the Guyana Revenue Authority (GRA), Godfrey Statia said on Saturday that royalties paid by the Stabroek Block consortium are not allowable in the calculation of cost oil. The tax boss explained this in response to “misinformation” in the...

Vice President Dr. Bharrat Jagdeo recently clarified that Hess Corporation along with revered United States academic and economist, Michael Porter do not have a hand in crafting Guyana’s national development strategy building on its oil resources; but rather, are...

As the curtains of the Commonwealth Summit held in Kigali, Rwanda closed, the Heads of Government present reaffirmed their “firm and unwavering support for the maintenance and preservation of the sovereignty and territorial integrity of Guyana” in the matter...

When Guyana discovered oil in 2015, it had no capacity whatsoever to fulfill the ever-increasing needs of the budding sector, but the country has come a far way. It is now 2022 – seven years on, and the country has...

Norway’s BW Energy has reached an agreement with Brazil’s state-owned Petrobras to acquire two of its major deepwater clusters – Golfinho and Camarupim – in a deal costing up to US$75 million. The sale is part of Petrobras' strategy to divest assets and focus...

Jadestone Energy – an oil and gas company with operations focused in the Asia-Pacific region – was able to quickly identify and stop a small oil spill in the Montara field offshore Australia. Giving an update on the matter, the...

Dr. Lorraine Sobers – OilNOW Last week, we looked at the “fire juggling act” between renewable energy development and natural gas development with a regional outlook. I suggested that Guyana and other Caribbean Community (CARICOM) countries can reduce their low...

After being fined GY$20 million for breaching customs law earlier this year, Ramps Logistics had threatened the Guyana Revenue Authority (GRA) with a lawsuit if it did not return the fine. The letter dated March 4, 2022, from its attorney-at-law,...

Uruguay announced on Thursday that it awarded three of six oil blocks on its continental shelf, through its state energy company, National Administration of Fuels, Alcohols and Portland (ANCAP). ANCAP said the winning bids for the blocks are Block OFF-2: Shell, which...