With three major oil production projects already approved and a fourth one on the way, Guyana’s Vice President Dr. Bharrat Jagdeo said the logistics onshore and related investments in hotels and real estate to manage these developments will run...
(Reuters) - Oil prices hit multi-year highs on Monday buoyed by recovering demand and high natural gas and coal prices encouraging users to switch to fuel oil and diesel for power generation.
Brent crude oil futures were up 59 cents,...
For a country the size of the United Kingdom, a huge forest the size of England, which is part pf the Amazon, massive rivers, waterfalls, large deposits of minerals and fertile lands for agriculture, Guyana’s decline in fortunes has...
(S&P Global Platts) India's sharp revival in gasoline appetite to surpass even pre-pandemic levels has prompted its refiners to increasingly queue up to import lighter crudes in recent months, but the fourth quarter could see a tilt in the...
Noting a need for more shore base facilities to service the oil sector’s expansion, Guyana’s Minister of Public Works, Bishop Juan Edghill said the Government has given ‘no-objections’ to eight such projects, in addition to expansion works at the...
Development experiences in local content and oil and gas legislation, as well as the best practices for the exploitation of hydrocarbons, were just some of the lessons that were passed on to Guyana's Vice President Dr. Bharrat Jagdeo by...
ExxonMobil has submitted the Environmental Impact Assessment (EIA) and Environmental Impact Statement (EIS) to Guyana’s Environmental Protection Agency (EPA) for the giant 250,000 barrels per day Yellowtail Development Project which is expected to last for at least 20 years.
The...
Guyana’s Vice President, Dr. Bharrat Jagdeo believes it would be unwise for the South American country to scale back oil and gas exploration and production while nations such as Norway, Saudi Arabia and the USA continue to feed the...
The Government of Guyana is already in the advanced stages of completing its draft Local Content Legislation which outlines a sliding scale of targets to be achieved by petroleum companies and their subcontractors.
The document proposes that Guyanese should be...
Government Liaison Officer for the Guyana Shore Base Incorporated (GYSBI), Rabin Chandrapal, has disclosed that the hiring of locals will begin as soon as month-end following the conclusion of the company’s last career fair on October 16.
As a local...
