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Criticism of Guyana government mounts over election as oil production looms

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The international community, including Guyana’s primary bilateral partners in addition to segments of its domestic business and legal fraternity, has come out in criticism of the Guyana Government for what it has described as a breach of the Constitution...
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Privately-owned oil spill response centre set to open doors in Guyana

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GAICO Construction Inc. will next month open the first privately-owned Oil Spill Response Centre in Guyana, at its Georgetown Wharf. The Centre is currently in its final stages of completion and will, according to GAICO’s Chief Executive Officer, Komal Singh,...
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Guyana will require fewer petroleum engineers per barrel of production than T&T

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The University of Guyana (UG) has added an Associate’s program in Petroleum Engineering and a Master’s Degree in Petroleum Engineering, in response to the country’s rapidly growing hydrocarbon industry. With expectations high among Guyanese, more so, potential students, for training...
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Orinduik now looks like a ‘big pool of oil traps’ – Holzman

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CEO of Eco Atlantic Oil and Gas Gil Holzman says that with the rare back to back oil finds in the Jethro-1 and Joe-1 wells in the Orinduik Block offshore Guyana, he believes that this is a portent of...
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EPA’s 36-person Petroleum Unit won’t be ready in time for first oil – Dr. Adams

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The World Bank is assisting the Environmental Protection Agency (EPA) in Guyana with the establishment of a Petroleum Unit to address oil and gas matters as first oil approaches in the South American country. However, EPA's Executive Director, Dr. Vincent...
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U.S mission is to help Guyana remain on democratic path where oil revenues benefit all – Ambassador

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The United States in on a mission to help the South American country of Guyana remain on a democratic path where its newfound oil wealth will benefit all of its people. This commitment was reiterated on September 18 by U.S...
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Exxon seeks to sell Australian Bass Strait oil, gas assets

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US oil major ExxonMobil is putting up for sale its 50% stake in the Gippsland Basin oil and gas development in Australia’s Bass Strait as part of a broader review of its portfolio of assets around the world. The Gippsland...
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IMF urges implementation of EITI report recommendations to strengthen governance

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The International Monetary Fund is urging the Government of Guyana to implement the recommendations of the first Extractive Industries Transparency Initiative (EITI) report for Guyana, submitted by the Independent Administrator BDO LLC in April 2019. This is according to an...
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Oil will account for 40 percent of Guyana’s GDP by 2024 – IMF

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The International Monetary Fund (IMF) has called Guyana’s medium-term prospects “very favourable” as the South American country prepares for oil production in early 2020. The Fund has projected that oil will account for around 40 percent of the country’s...
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Rystad Energy says Joe discovery smaller than expected

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Norway-based Rystad Energy says the Joe discovery on the Orinduik block offshore Guyana, announced on Monday, is tens of millions of barrels less than anticipated. The Joe-1 exploration well was drilled to a final depth of 2175 meters and encountered...
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Exxon, Guyana push for joint planning on Berbice gas-fed industries

ExxonMobil Guyana Commercial Manager Paul Foster on Tuesday said that there are unique advantages to investing in Guyana, as...

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