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Guyana moves to screen public office holders’ assets, as oil economy swells

OilNOW -
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...
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T&T hopes to court more investors for deep water, onshore acreage with revised tax terms

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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...
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EPA renews ExxonMobil’s Liza-1 permit

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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...
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Profit share, royalty, ringfencing, taxation for major upgrades in Guyana’s new model PSA – VP

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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...
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Britain’s energy profits levy a threat to Shell’s North Sea oil and gas investment, company says

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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...
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Guyana eyes low carbon automotive industry; moving to set up electric vehicle charging stations

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In the face of the detrimental effects of climate change and rising global temperatures, there has been a global shift to utilise more electric vehicles (EVs). These “greener” vehicles are undoubtedly better for our environment since they emit no...
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New oil province undergoing dramatic modern transformation

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Guyana is undergoing a transformation that will in the next five years, make it unrecognisable. This transformation has been deemed the dawn of a modern Guyana, according to the South American nation’s Minister of Finance, Dr. Ashni Singh. Billions in...
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Guyana steering clear of ‘old style’ NOC to avoid corruption, other risks – VP

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As Guyana nears a decision on whether to form a national oil company (NOC), it is looking to mitigate risks historically associated with some NOCs such as corruption. To this end, government wants to ensure it does not create...
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Guyana to use forest conservation funds to build coastal resilience against flooding

Kemol King -
The government of Guyana introduced its updated Low Carbon Development Strategy (LCDS) 2030 last year, with a vision for the country’s sustainable growth. As it embarks on this strategy, it will build on a major climate resilience project to bring the...
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Guyana now ahead of US, just behind Russia for largest discovered volumes since 2015 – Norway Group

OilNOW -
As 2022 enters the mid-year point, ExxonMobil has already added over 1 billion fresh barrels of oil equivalent (boe) resources at Stabroek Block, placing Guyana at number two in the world for largest discovered volumes since 2015. Norway-based Rystad Energy...
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Ali: Fighting transnational crime vital, protecting sovereignty is Guyana’s business

Guyana's President, Dr. Irfaan Ali made it clear today that protecting his country's sovereignty remains a top priority. The...

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