Over the next four days, a nine-member British Trade Mission Delegation will be in Guyana scouting opportunities for investment in the country’s lucrative market.
The British High Commission in a statement on Monday said that the potential investors are set...
With massive developments set to take place in the energy sector, specifically as it relates to the multi-billion-US dollar oil and gas subsector, there has been a rush for documentation for Guyanese citizenship says Vice President, Dr. Bharrat Jagdeo.
In light of this...
The Guyana Oil and Gas Energy Chamber (GOGEC) said on Friday it welcomed the country’s 2022 National Budget presented this week, reflecting the government’s commitment to ‘creating a progressive and equitable society’ for all Guyanese.
“GOGEC wishes to thank the...
‘People-centred and geared towards transformation’ are the words being used to describe Guyana’s first national budget set to be presented today in Parliament which will be backed by some of the more than US$600 million in oil revenues now...
Minister of Natural Resources Vickram Bharrat has confirmed that the Government of Guyana is continuing its search for auditors to examine ExxonMobil’s 2018-2020 costs.
In his written responses to questions relating to the audit, Mr. Bharrat told the National Assembly...
Guyana’s Vice President Dr. Bharrat Jagdeo said on Friday that the government intends to use some of the proceeds from its US$607 million Natural Resource Fund to finance the government’s budget for the fiscal year 2022.
Guyana has been borrowing...
Guyanese company Tristar is in the process of acquiring an additional 300 acres of land in Versailles, West Bank Demerara. OilNOW understands the 300 acres will support the operations of the West Demerara Shorebase project with options for storage...
To date, there have been more than 20 major discoveries in the ExxonMobil-operated Stabroek Block offshore Guyana. The largest of them by depth is Lau Lau-1 which was announced on January 5 by the American multinational.
The Lau Lau-1 well...
Even though Guyana’s hydrocarbon sector has dominated the spotlight since its emergence in 2015, the Irfaan Ali-led government is determined to demonstrate that the South American country will not be solely dependent on oil.
Just last week, President Irfaan Ali...
A senior government official told lawmakers last week that Guyana must prepare for a massive uptick in demand for a range of goods and services driven by what can become a 12-FPSO, 1.5 million barrels of oil per day...
