News

Gas-to-Energy project will be star performer in Guyana’s low carbon push

The Government of Guyana is working with ExxonMobil to deliver Gas to Power, a project that is commonly said will be the single most transformation project in Guyana’s history. While it is a fossil fuel project slated to come onstream...

ExxonMobil CEO outlines five strategic priorities to grow shareholder value

ExxonMobil Corporation said on Wednesday that it plans to grow shareholder value by way of a five-pronged plan that underpins the global need for energy and for lower greenhouse gas emissions to address climate change. During a recently concluded annual...

EPA expects to renew Liza-1 environmental permit at end of May

Executive Director of Guyana’s Environmental Protection Agency (EPA), Kemraj Parsram said, if its review goes well, the regulator expects to grant renewal of the environmental permit for the Liza Phase One project at the end of May, when the...

Guyana’s largest shore base goes 2 years without lost time injury

Guyana Shore Base Inc. (GYSBI) celebrated two years without lost time injuries (LTI), earlier this month. LTI refers to an injury sustained on the job by an employee, which results in the loss of productive work time. Lost time injuries encompass...

Bharrat tells oil sector long payment periods putting locals at disadvantage

Minister of Natural Resources Vickram Bharrat has called on contractors, sub-contractors and licensees operating in Guyana’s oil sector to devise more timely payment plans for local businesses. This news comes on the heels of a slew of complaints that...

US$260M Demerara bridge to improve traffic flow in oil-driven Guyana

The traffic woes that plagued Guyana’s east and west bank corridors will become a thing of the past as the government signed a US$260 million contract to see the construction of a new and modern structure across the Demerara...

Saudi Aramco is leading candidate for partnering with Guyana on National Oil Company – Deakin

If Guyana considers the establishment of a National Oil Company (NOC), Americas Market Intelligence (AMI) Analyst, Arthur Deakin, believes that partnering with Middle Eastern oil giant Saudi Aramco offers significant upside, although still presenting some notable risks. In his most...

Exxon to submit study on produced water for US$10B Yellowtail Project

According to the provisions of the Petroleum Production Licence (PPL) for the US$10 billion Yellowtail Project, ExxonMobil Guyana is required to conduct an in-depth study on the feasibility of re-injecting produced water. It is expected to do this while ensuring that the base design for...

Reaching remote populations, Guyana targets solar power for 30,000 hinterland homes

Guyana’s Low Carbon Development Strategy (LCDS) 2030 will deliver benefits, not just to the bustling coastal population centers, but also the most remote areas in the new oil producing South American country. In-keeping with this objective, the Government plans to provide solar...

Texas-based firm to conduct impact study on Exxon’s fifth Stabroek Block development  

The Houston Texas-based Acorn International will be conducting the environmental study for ExxonMobil's fifth development in the Stabroek Block - Uaru. On Monday, ExxonMobil's local subsidiary, Esso Exploration & Production Guyana Limited (EEPGL), held a public scoping meeting on Uaru at the Umana Yana....

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Eco Atlantic announces passing of Co-Founder and Chief Operating Officer Colin Kinley

Eco (Atlantic) Oil & Gas Ltd. has announced the sudden passing of its co-Founder and Chief Operating Officer, Colin...