News

The discourse on, and direction of Guyana's oil and gas development framework must not be driven nor dictated by the Trinidad and Tobago experience, or any other singular case. This view was made public by Guyana’s former Minister of...

Jones Day, an international law firm based in the United States, and a Norwegian law Firm, are among the team of experts hired by the Guyana government to advise on oil and gas. This is according to Guyana’s Minister...

Fraud Audits and Fraud Deterrence capabilities are necessary skills that should be invested in by the Government of Guyana as it continues its rapid push to build a successful oil and gas industry, based on transparency and accountability. This is...

Guyana will soon be signing onto the Organization of the Petroleum Exporting Countries (OPEC) Fund for International Development (OFID). The country’s Finance Minister, Winston Jordan, will be travelling to OPEC’s Headquarters in Vienna, Austria, on July 14 to sign the agreement....

In what is being described as a “historic moment” in Guyana’s emerging oil and gas industry, officials from both the country’s government and US super-major, ExxonMobil, bid farewell on Thursday morning to the first batch of Guyanese that will be...

(Reuters) Oil prices fell more than 1% on Wednesday, ending their longest bull-run in more than five years, as climbing OPEC exports and a stronger dollar turned sentiment more bearish. Benchmark Brent crude futures were down 57 cents, or 1.2%,...

Eleven Guyanese have been selected to work offshore on the Stena Carron drillship which is currently conducting exploration work at the Payara 2 well in the Stabroek Block offshore Guyana, for US super-major, ExxonMobil. The candidates selected were recruited...

Bristow Helicopters Limited is slashing more jobs as a result of “continued challenges” caused by the downturn of the oil and gas industry. Up to 15 Bristow Helicopters employees will be made redundant at bases in Aberdeen and Surrey,...

A new approach adopted by groups representing Guyana’s business community coupled with recent statements from a key government official, have served to renew optimism at the level of the country’s private sector, in its approach to preparations for first...

The Guyana Extractive Industries Transparency Initiative (GYEITI) will be conducting a series of meetings across the country this month aimed at providing the public with information about EITI and how its implementation can benefit the South American country. With oil...