News

This week, at Guyana’s National Procurement and Tender Administration Board (NPTAB), the tenders that were submitted by six companies to supply and deliver electric vehicle charging stations were finally opened. According to the board minutes posted on NPTAB's website, the...

The fifth development planned by ExxonMobil in Guyana is currently targeting the Uaru and Mako finds, but the project is likely to add an additional reservoir. Just which one it will be is subject to determination as ExxonMobil sorts out the project characteristics...

Guyana’s environmental regulator, the Environmental Protection Agency (EPA) has issued the renewed permit for ExxonMobil’s Liza Phase 1 project with further measures to ensure the country’s environment is safeguarded. The Liza Phase 1 permit has been renewed for a five-year...

IHS Markit said Guyana’s government should be lauded for successfully avoiding over-demanding or unrealistic targets that would delay investment before developing expertise in measuring and coordinating industrial development actions. This comment comes as locals go after billions in investments being...

While the Guyana government has not yet decided on whether it will exclude from its upcoming oil blocks auction, international oil companies (IOCs) that already have substantial interest in oil block(s) offshore Guyana, Vice President Dr. Bharrat Jagdeo said...

As Guyana’s economy continues to grow - faster than any other in the world - five persons have been sworn in as members of the country’s Integrity Commission, an independent agency responsible for screening the assets of public office...

In recognition of the immediate need to increase gas supply capacity to preserve its world-class petrochemical and liquefied natural gas sector, Trinidad and Tobago is making swift moves to review its tax system governing shallow water, deep water and...

The Environmental Protection Agency (EPA) has renewed ExxonMobil's environmental permit for the Liza Phase One project. It announced the official renewal on Tuesday evening. See below for the full statement: The Environmental Protection Agency (EPA) has renewed the Environmental Permit for...

Guyana's Vice President Dr. Bharrat Jagdeo said that the new model production sharing agreement (PSA) to be introduced later this year will feature major improvements in four areas: profit sharing, royalty, ringfencing and taxation. The Stabroek Block PSA, granted to...

Shell said its North Sea oil and gas investment is being threatened by Britain’s windfall tax, as the country attempts to increase its domestic energy supply. The 25% energy profits levy on oil and gas operators was introduced days ago...