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Rystad Analyst: “We need to incentivize people to come and invest’

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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...
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Public scrutiny must lead transparency efforts – EITI Regional Director

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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...
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Consultations on EIA for Liza Phase 2 begin in Guyana

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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...
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PDVSA’s oil sales to US bounced in June; Caribbean stocks drained

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(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...
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Italy’s Eni announces second oil discovery in Egypt’s Western Desert

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(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...
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PSC facilitating presentation on Guyana share of revenue from oil production

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The Private Sector Commission of Guyana (PSC) will be facilitating a major presentation on the country’s share of revenue from oil production, scheduled to take place on July 10 in the capital city of Georgetown. The presentation will be made...
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ExxonMobil stakeholder plan provides avenue for feedback from Guyanese

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As part of the preparations for the Liza Phase 1 Development offshore Guyana, US oil major ExxonMobil, through its local affiliate, has developed a detailed Stakeholder Engagement Plan (SEP) that outlines how the company will interact with groups connected...
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GYEITI staging two-day worskshop

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The Guyana Extractive Industries Transparency Initiative (GYEITI) with support from the Ministry of Natural Resources will be hosting a two-day workshop on understanding the EITI value chain and Guyana’s first EITI reporting cycle, its challenges, benefits and opportunities. Officials...
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BP front-runner to buy BHP oil and gas operations after $US10B bid

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BP has emerged as the front-runner to buy BHP’s US shale assets after submitting a bid of over $US10 billion ($13.5 billion), according to sources at Reuters. Other major oil and gas companies who have allegedly placed bids on BHP’s...
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Guyana, Chile to step up cooperation on energy

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A Statement of Intent for cooperation on energy was on Thursday signed between the Governments of Guyana and Chile.  The signing between Guyanese Foreign Affairs Minister Carl Greenidge and Ambassador and Under Secretary of Chile’s Foreign Affairs Ministry, Alfonso...
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Offshore Frontier Solutions wins contract for ExxonMobil’s Hammerhead FPSO in Guyana

Offshore Frontier Solutions Pte. Ltd. (OFS), a joint venture between MODEC Inc. and Toyo Engineering Corporation, has secured a...

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