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Private refiners in Guyana will have to buy oil at market cost

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The Government of Guyana will not sell oil at a subsidized cost to any private investor who undertakes to build a refinery in the South American country. “Anyone who wishes to open a refinery can do so but they will...
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Guyana should seek broader alliance with US military to ward off threat from ‘desperate Venezuelan regime’ – Former Minister

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A former Guyanese government official believes that a sustained programme to facilitate military tactical support and coordination between Guyana and the United States of America would help to deter further aggression from Venezuela. Former Minister of Natural Resources and the...
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Canada’s ties to Venezuela hanging by a thread as clash escalates

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(CBC) Relations between Canada and Venezuela took a sudden plunge today as Ottawa appeared to reject an ultimatum issued by President Nicolas Maduro on the eve of his second inauguration. The dispute began with a letter sent by the Lima...
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Lima Group won’t recognize Maduro regime; calls on Venezuela to desist from violating sovereign rights of neighbours

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The Lima Group says it has no intention of recognizing the new Nicolás Maduro regime in Venezuela and called on the South American country to desist from violating the sovereign rights of its neighbours. In a joint statement issued on...
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Venezuela becoming increasingly aggressive in push for more territory

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Reports indicate that Venezuela has signaled its intention to remap its Caribbean oil and gas prospects which is a move that could further escalate rising tensions between that country and neighbouring Guyana, which has of late become an oil...
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WoodMac estimates Pluma could contain 300 million barrels of oil

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Industry analyst Wood Mackenzie estimates that ExxonMobil’s 10th discovery off the Guyana coast at the Pluma 1 well could add an additional 300 million barrels of oil to what is a rapidly growing resource base for the US oil...
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Demand for land increases with oil and gas prospects

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As the development of Guyana’s oil and gas resources continues, the Guyana Lands and Surveys Commission (GL&SC) has seen an increased demand for land. “There is a lot of interest in…waterfront lands and many people have their own idea about...
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Large-scale land, water remapping project to get underway in Guyana

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As it embarks on a project to remap the entire country, the Guyana Lands and Surveys Commission (GL&SC) is establishing a Hydrographic Surveying Unit to deal with a range of features including those related to offshore exploration. According to Chief...
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BP detects 1 billion barrels of oil at Thunder Horse field

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British energy company BP said Tuesday it has found 1 billion barrels of crude at the Thunder Horse field in the Gulf of Mexico after analyzing the results of breakthrough seismic imaging.  Elsewhere, two new discoveries near the Na Kika...
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US$65M expended with more than 300 local suppliers during 2018 from Exxon operations in Guyana

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ExxonMobil said in an update on Monday that throughout its activities in Guyana, the company continues to emphasize and promote direct benefits to local business. “More than 50 percent of the Guyana affiliate’s employees, contractors and subcontractors are Guyanese, a...
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Exxon says U.S. senators were misled; no Guyana tax credits included in its 2023 & 2024 filings

President of ExxonMobil Guyana, Alistair Routledge, has rejected claims that the company benefited from tax credits in Guyana for...

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