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Guyana House approves second national budget to be supported by oil revenues

OilNOW -
Guyana’s Finance Ministry announced Thursday that the Parliament has approved the GY$781.9 billion (US$3.75 billion) national budget for 2023. The approval follows two weeks of debates and hearings on various aspects of the budget. Minister of Finance, Dr. Ashni Singh...
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Exxon to craft long-term waste management strategy for Guyana operations

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ExxonMobil Guyana is looking for firms to provide a Screening Level Assessment of current and future landfill opportunities for its industrial waste. The study, it said, is intended to further develop the company’s long-term waste management strategy. “Note that “industrial” refers...
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Guyana looking to establish a petroleum data repository

OilNOW -
Guyana plans to hire a consultant this year to set the stage for the establishment of the government’s own petroleum data repository. “We will have to determine first of all what data we need to store, the size of the...
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US waiver to tap Venezuela gas field “a breath of fresh air” for Trini services sector – Ramps CEO

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RAMPS Logistics’ Chief Executive Officer, Shaun Rampersad, said “a breath of fresh air” has been breathed into the Trinidad and Tobago services sector, now that the United States has granted a waiver of its sanctions regime to allow development...
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Guyana First Lady says new oil production vessel creates link to brighter future

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Singapore, February 1, 2023: First Lady of Guyana, Arya Ali, says the name of the Prosperity floating production, storage and offloading (FPSO) vessel represents what is in store for the people of the new oil producing South American country....
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Guyana bid round: New fiscal terms won’t deter investors – Deakin

Shikema Dey -
Interest from investors in Guyana's upcoming bid round is expected to be favourable despite revised fiscal terms in the new Production-Sharing Agreement (PSA) that will see more revenue going to the South American country. “I do not see those fiscal...
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Guyana budgets GY$100.7M to review Exxon’s Whiptail field plan

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Guyana Minister of Natural Resources, Vickram Bharrat, said Tuesday that GY$100.7 million (approximately US$483,000) has been budgeted to review the Whiptail field development plan (FDP). The government, he said, has received indication that the plan will be submitted in 2023. The...
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Final audit report on Stabroek Block costs due in March – Bharrat

Kemol King -
An audit, launched in May 2022 of Stabroek Block costs submitted for the period 2018-2020, is due to wrap up in March this year, Guyana’s Minister of Natural Resources, Vickram Bharrat said Tuesday. There was a misconception, Bharrat explained, that...
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Guyana and Suriname forge closer private sector ties

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Guyana’s Private Sector Commission is establishing closer ties with its Surinamese counterpart for enhanced collaboration as both countries pursue oil and gas development.  The Guyana-Suriname Private Sector Business Council headed by Guyanese Paul Cheong was created in 2022 and on...
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PROSPERITY UPDATES: Naming ceremony for Guyana’s third FPSO set for Wednesday

OilNOW -
The naming ceremony for Guyana’s third floating, floating, production, storage and offloading (FPSO) vessel – the Prosperity – is set for Wednesday Feb. 1 at the Keppel Shipyard in Singapore. First Lady of Guyana, Arya Ali, attended a reception hosted...
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Ali names 25-member cabinet; Vickram Bharrat back at oil ministry

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its...

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