Guyana is expected to rank among the thirty largest nations for offshore oil services by the 2020’s and has the potential to produce up to 700,000 barrels of oil per day if all of the current discoveries are made...
The beneficial ownership roadmap for Guyana has been drafted, and in order to meet the requirements of the Extractive Industry Transparency Initiative (EITI), come 2020, a public registry of all beneficial owners of companies operating in Guyana’s Oil and...
The Guyana Government is being urged to continue its transparency efforts regarding contracts with oil companies operating in its territory. This call was made by the Regional Director of the Extractive Industries Transparency Initiative (EITI) Francisco Paris.
According to the...
With eight commercial oil discoveries made since 2015 and just two dry holes, Guyana’s success rate stands at a record 80% while the industry average is 35% in general and 20% for frontier regions.
Senior Analyst at Norway-based Rystad Energy,...
US Ambassador to Guyana, Perry Holloway, has called for significant investments to be injected into crime and security, as Guyana needs to prepare itself for new challenges as an emerging oil and gas economy.
He was delivering the keynote address...
Guyana is a frontier country in terms of oil and gas and as such the fiscal regime offered to international exploration companies needed to be attractive as the area was yet to be derisked. In light of this, Guyana...
As Guyana pushes to promote transparency, accountability and good governance of its oil, gas and other natural resources, the Guyana Extractive Industries Transparency Initiative (GYEITI) in collaboration with the Ministry of Natural Resources opened a two day capacity building...
Public consultations on the draft Environmental Impact Assessment (EIA) report for the Liza Phase 2 development got underway in Georgetown on Monday. A series of these meetings will take place over the next two weeks at various locations across...
(Reuters) - Venezuelan crude sales to the United States recovered in June from May as state-run PDVSA exported more of its diluted oil to its customers and drained inventories from two Caribbean islands affected by assets seizures, according to...
(Xinhua) -- Italian multinational oil and gas Company Eni announced on Monday a second light oil discovery in the Faghur Basin in the Egyptian Western Desert.
In a statement, Eni said the well is the second one drilled by the...
