News

As discussions continue in Guyana on the prospect of piping gas to shore for generation of cheaper and cleaner energy, ExxonMobil, operator at the Stabroek Block, has confirmed that volumes found at the Liza field meet the requirements of this proposed project....

The Ministry of Natural Resources said on Saturday evening, in the interest of transparency, it would like to highlight pertinent facts relating to the review of the Payara Development project. See statement below The current review has been undertaken by the Energy Department...

The Georgetown Chamber of Commerce and Industry (GCCI) and the Guyana Manufacturing and Services Association (GMSA) said on Saturday the position of the new administration on local content development in the oil and gas sector is welcomed. Vice President, Bharrat...

Former Premier of Alberta, Canada, Alison Redford QC, has been engaged by authorities in Guyana to review the Payara development contract. The Ministry of Natural Resources (MNR) said on Saturday, subject Minister, Vickram Bharrat met with Ms. Redford along with...

Guyana’s Natural Resources Fund (NRF) will either be amended or repealed and replaced by the new government over what it has described as ‘serious flaws’ which put ‘overwhelming dominance’ in the hands of the Minister of Finance. On January 23,...

The new PPP/C administration in Guyana has taken a decision to reopen the tender for the provision of marketing services for the country’s share of Liza Crude. Speaking at a press conference on Friday in Georgetown, Vice President, Bharrat Jagdeo,...

A review of the Payara Development Project that is being undertaken by the new administration in Guyana is expected to be completed before the end of the month after which a decision on its approval is expected to be...

Guyanese Vice President, Bharrat Jagdeo, revealed on Friday that the Department of Energy will fall under the Ministry of Natural Resources ahead of the establishment of a Petroleum Commission. “Under the new portfolio, the gazetted portfolio, the Department of Energy...

(Associated Press) The Trump administration has seized the cargo of four tankers it was targeting for transporting Iranian fuel to Venezuela, U.S. officials said Thursday, as it steps up its campaign of maximum pressure against the two heavily sanctioned...

The recently installed administration in Guyana has already been meeting with companies to further discussions on the proposed gas-to-shore project that would provide the South American country with reliable and affordable power which could see a number of new...