News

Norway goes to the polls in ‘election thriller’

(Aljazeera) Polling stations opened across Norway on Monday as the oil-rich nation votes for its next four years of government. The election, which has been labelled the "biggest election thriller in many decades" by national media, will see Prime Minister...

Fmr President says disclosing petroleum contract will not jeopardize national security

Former President of Guyana and current Leader of the Opposition, Bharrat Jagdeo, is of the view that public disclosure of the petroleum contract with US super-major ExxonMobil will not jeopardize the South American country’s national security. The agreement, signed on June...

Local content must be clearly defined, should take effect from exploration stage – GCCI

The Georgetown Chamber of Commerce and Industry (GCCI) is calling for a clear definition of “local content” and believes this should take effect as early as the exploration stage, in Guyana's oil and gas sector. GCCI, which represents 180 private sector...

Private sector group wants Guyana government to explain how it will use oil money

The head of a body representing private sector interest in Guyana believes that the country’s government should already have a plan in place on how revenues from the oil and gas industry will be utilized. In an interview on Thursday...

More Guyanese companies competing for contracts in oil & gas

Interest among Guyanese companies looking to benefit from opportunities in the oil and gas industry has grown immensely in the two years since ExxonMobil announced its world-class Liza discovery offshore the South American country. ExxonMobil’s Senior Director, Public and Government...

25 Canadian organisations for Guyana O&G trade mission

The High Commission of Canada is collaborating with the Newfoundland and Labrador Oil and Gas Industry Association (NOIA) and GOINVEST to bring a Canadian oil and gas trade mission of approximately 25 entities from Canada's offshore oil and gas...

Exxon on target: Liza Destiny arrives 2019

ExxonMobil says preparation for first oil in Guyana is on schedule and preliminary work being undertaken by key contractors is progressing well. Liza Destiny - the Floating Production Storage and Offloading (FPSO) vessel being designed by SBM Offshore to produce...

Guyana looking to make O&G local content framework “national model”

While a draft Local Content Policy framework currently being reviewed in Guyana has been designed specifically for the oil and gas industry, the government hopes that it would serve as a blue print for other sectors in the economy. Guyana’s...

Diverting natural gas to shore technically feasible, could lower electricity cost – Exxon Country Manager

As Guyana moves closer to first oil in 2020, US super-major ExxonMobil and authorities in the South American country have been mulling the feasibility of diverting natural gas from the production reservoir offshore, to land, for electricity generation. ExxonMobil Country...

France plans to end oil output by 2040 with exploration ban

(Bloomberg) France will stop granting new exploration permits next year as it seeks to end all oil and gas production by 2040, according to a draft bill presented at a cabinet meeting Wednesday. The move would allow the government to...

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Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...