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Guyana’s Department of Energy to fall under Ministry of Natural Resources – Vice President

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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...
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U.S. seizes Iranian gas from 4 tankers headed to Venezuela

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(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...
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Cheaper power may be closer for Guyana as government embarks on new round of discussions to pipe gas to shore

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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...
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Malaysian company to supply equipment for Prosperity FPSO

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Malaysia-based equipment manufacturer KNM has been awarded a contract by Dutch floater specialist, SBM Offshore, for the supply of equipment for a floating production vessel being built for ExxonMobil’s oil production operations in Guyana. KNM said its subsidiary, KNM Process...
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Consultant for Payara review expected within days – Natural Resources Minister

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The independent consultant being engaged by the Government of Guyana to review the work that has been done so far by the Department of Energy for the 220,000 barrels per day Payara Development Project is expected to arrive in...
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Guyana’s Local Content Policy for review

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Guyana’s Minister of Natural Resources, Vickram Bharrat, says the newly installed PPP/C government will take steps to review and amend the Local Content Policy which was this year finalized by the previous administration. Mr. Bharrat said that following an initial...
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Caribbean’s first virtual Oil and Gas summit planned for September

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Valiant Business Media (UK) and Valiant Business Media (Guyana) will host the Caribbean’s first virtual oil and gas summit from September 15-17, 2020 in response to fast-growing interest in in the Region’s energy sector among prospective investors and other...
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Guyana opportunities high on the agenda of upcoming digital business event

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Plans are gathering pace for a digital business event which will highlight opportunities to link businesses in the North East of Scotland with a newcomer on the list of oil producing countries. Building on the success of the first ever...
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Sources say Venezuela wins grace period on China oil-for-loan deals

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(Reuters) - Venezuela’s government has negotiated an agreement with Chinese banks for a grace period until the end of the year on some $19 billion in loans that are paid off with oil shipments, according to three sources in...
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Drilling rigs count collapsing globally but Guyana offshore remains resilient

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Even as the number of rigs drilling for oil and gas continues to collapse globally, activities offshore Guyana not only continues, but is being ramped up, particularly in the ExxonMobil-operated acreages, including Stabroek Block where the company has so...
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Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...

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