The rapidly expanding oil and gas operations in Guyana continue to fuel significant commercial activities and authorities say the local content legislation passed this week will help to ensure Guyanese cash in big on these growing opportunities. “This bill guarantees...

Guyana is among the few nations in the world which managed to evade economic contraction during 2020 as massive investments fueled by the more than 10 billion barrels of oil equivalent resources found off of its coast continue to...

President of ExxonMobil Guyana Alistair Routledge says the company has had a safe year of operations in line with its commitment to “Nobody Gets Hurt”. Recalling the safety performance for the year, he disclosed that there were hundreds of...

Since 2015, the year ExxonMobil made its first world class discovery offshore Guyana, the company has spent more than half a billion U.S. dollars with local suppliers supporting the emerging oil and gas industry. The South American country has...

Senior Petroleum Coordinator at Guyana’s Ministry of Natural Resources, Bobby Gossai Jr., says the Local Content Bill 2021 laid in Parliament last week is a dynamic document that will be continuously updated as the oil and gas industry evolves in...

Guyana’s President, Dr Mohamed Irfaan Ali, on Friday paid a visit to CGX’s Deep Water Port site at Palmyra, Berbice where it was highlighted that the construction and operational phase of this US$80 million investment will create more than...

The Georgetown Chamber of Commerce and Industry (GCCI) and the Guyana Oil and Gas Energy Chamber (GOGEC) have welcomed Guyana’s hallmark Local Content Bill which was tabled in the National Assembly on Thursday. The GCCI, in a statement, reinforced that...

SBM Offshore, the builder and operator of floating production storage and offloading (FPSO) units operating offshore Guyana, on Wednesday celebrated five years of operations in the new oil producing South American country. The auspicious occasion was marked with the...

Norway-based Rystad Energy recently examined how an accelerated transition to cleaner fuel sources could impact oil and gas suppliers. Using its own data-driven forecasts for energy supply, the energy research and business intelligence company concluded that a rise of 1.6°C...

Guyana's Vice President Dr. Bharrat Jagdeo has given confirmation that the amendments to the Natural Resources Fund (NRF) and the local content Bill will be tabled in the National Assembly next week Thursday, December 16. The Vice President confirmed...