News

Guyana’s historic Local Content Bill 2021 has outlined several penalties for persons who are found to be in breach of its provisions. The Bill notes that a person who carries out petroleum operations without the minimum local content requirement...

The Government of Guyana is proposing to have local companies and citizens participate in no less than 40 critical areas in the oil sector as opposed to the previously recommended 153 categories. In the Local Content Bill 2021 that was...

Guyana’s Local Content Bill 2021 which was tabled in the National Assembly on Thursday has offered several protective measures that close the door to imposters or schemers seeking to amass fast wealth in the sector. One of those measures...

Canadian joint venture partners in two offshore Guyana blocks, CGX Energy Inc. and Frontera Energy Corporation, disclosed this week that while work is progressing on the Kawa-1 exploration well in the Corentyne Block, it is unfortunately taking longer than...

Guyana’s Finance Minister, Dr. Ashni Singh tabled the Natural Resource Fund Bill 2021 in Parliament on Thursday morning, seeking to bring a more practical governance mechanism for the management of the country’s petroleum revenues, especially where it concerns rules...

Due to the billions of dollars at stake in the procurement of oil and gas contracts, the PPP/C Government is proposing to have a Local Content Register of qualified nationals and companies so as to keep schemers of the...

SBM Offshore, the builder and operator of floating production storage and offloading (FPSO) units operating offshore Guyana, on Wednesday celebrated five years of operations in the new oil producing South American country. The auspicious occasion was marked with the...

The Guyana government will table a Bill in the National Assembly today for the amendment of its Natural Resource Fund to provide simple rules to govern withdrawals. The government has said the current rules as too complex. In criticising the...

Guyana’s Finance Minister Dr. Ashni Singh said the government’s new local content bill, scheduled to be tabled in the national assembly today, makes provisions for the establishment of a local content secretariat, which will be responsible for managing compliance...

ExxonMobil's almost 100 percent relocation of supply chain services from Trinidad and Tobago to Guyana is not an unexpected move, says Prime Minister of the Twin Island Republic, Dr. Keith Rowley. He said this is especially understandable since Guyana's...