News

Share prices for Eco Atlantic Oil and Gas (O&G) have appreciated significantly on the stock market, following the discovery of more than 100 million barrels of recoverable hydrocarbons in the Orinduik Block offshore Guyana. According to market reports, the company—co-venture...

(Offshore Energy) As part of the first cycle of the permanent round, the country’s regulator, the National Agency of Petroleum, Natural Gas and Biofuels (ANP), auctioned 33 blocks in the Sergipe-Alagoas, Parnaíba, Potiguar and Recôncavo basins, and 12 areas...

A $100 million USD Investment Fund has been set up particularly for Guyana to boost the provision of its onshore services. The Guyana Office for Investment (GO-Invest) on Tuesday announced the development coming out of the Society of Petroleum Engineers...

Along with its arrival, the 120,000 bpd Liza Destiny FPSO has brought with it good tidings, hope and an opportunity for a brighter future for Guyana; a small country of just over 750,000 people, located on the northern tip...

The early arrival of Guyana’s first floating oil production complex could fast-track the South American country’s move to first oil and the Department of Energy (DE) – the lead state agency for the petroleum sector – is advancing its...

With the advent of oil and gas there has been growing interest in the South American country of Guyana and authorities are moving to capitalise on this with the launch of a trade facilitation road map 2019- 2024. The road...

A high-level Guyanese delegation on Monday visited the country’s first Floating, Production, Storage and Offloading Vessel (FPSO)—the Liza Destiny—for a first-hand look at the facility that will be producing the country’s first barrel of oil. The team, comprising ExxonMobil’s Country...

A private sector executive in the South American country of Guyana is calling for equal pay for equal work in the nation's emerging oil and gas sector, regardless of nationality or gender orientation. Ramesh Persaud, who is the Chief Executive...

The 2% royalty to be paid by ExxonMobil to the Guyana Government when oil production begins does not represent the country's entire take from its offshore oil revenues; a critical component of the discussion that is missing from public...

Guyana’s finance minister Winston Jordan has urged the Guyana Oil Company (GUYOIL) to prepare itself to capitalize on opportunities in the South American country's burgeoning oil and gas sector as preparations ramp up for oil production commencing in early...