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Natural Resources Fund Bill for Guyana Parliament by March

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Guyana’s Ministry of Natural Resources has set for itself a rigorous agenda for 2018, ahead of first oil in 2020, and according to subject Minister Raphael Trotman, this includes the tabling of a suite of legislation for enactment, including...
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410 jobs impacted as Caribbean Nitrogen shuts down

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(Trinidad Express) More workers are expected to go on the breadline with the announcement on Wednesday by Caribbean Nitrogen Company that it has been forced to immediately shut down its ammonia plant on the Point Lisas Industrial Estate. The...
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Guyana Shorebase to hire hundreds more ahead of first oil

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As discussions continue in the public domain over the availability of jobs, the protection of local content and opportunities to be made available in Guyana’s embryonic oil and gas sector, one of ExxonMobil’s contractors is gearing up to commence...
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Total clinches GOM deal, acquires Samson Offshore Anchor, LLC

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French oil giant Total, which is said to be eyeing Guyana’s offshore Orinduik Block, has reached a deal to acquire Samson Offshore Anchor, LLC, which holds a 12.5% interest in four blocks covering the Anchor discovery, one of the...
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Big global oil projects are starting to get off the ground

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(Bloomberg) The global oil industry’s backlog of big drilling projects is starting to shrink as prices improve. From production vessels tapping Brazil’s deep-water reserves to pipes connecting rigs to underwater wells in China, the number of ventures delayed since the...
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200,000 bpd Egina FPSO arrives in Nigeria

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Nigeria’s oil and gas industry is set to record another milestone as the Floating Production, Storage and Offloading (FPSO) vessel Egina was set to arrive in the African nation on Wednesday. The FPSO, with a capacity of 200,000 barrels per...
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Exxon examining options to set up head office at Ogle; not hotel company says

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ExxonMobil Guyana said on Wednesday that efforts to acquire land at Ogle, located on the East Coast Demerara, is for the setting up of a head office as part of the company’s long-term operations in the South American country. The...
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GO-Invest eyes GIPEX 2018 as launch-pad for enduring alliances

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The Guyana Office for Investment (GO-Invest) - one of the organising partners of the Guyana International Petroleum Business Summit and Exhibition (GIPEX) 2018 - is looking to facilitate enduring business alliances between local and international companies in Guyana’s emerging...
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Incentives contained in ExxonMobil PSA not unique to Guyana – MNR

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The Ministry of Natural Resources on Tuesday urged that members of the media fraternity in Guyana acquaint themselves with industry specific knowledge and an understanding of the basic principles of contract regimes in oil and gas so that they...
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Telecoms Ministry sees ICT as catalyst to accelerate Guyana O&G growth

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Recognizing the role Information and Communication Technology (ICT) plays in development of a country, Guyana’s Ministry of Public Telecommunications believes that the agency has a critical role to play in supporting the country’s emerging oil and gas industry. Telecommunications Minister,...
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Exxon to relinquish 9% of Stabroek Block acreage

ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement,...

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