As Guyana looks to monetize its gas resources, now estimated to be around 17 trillion cubic feet, the government has released a “discussion paper” for citizens to review and provide input. This will form the basis for finalization of...

President of Guyana, Dr. Mohamed Irfaan Ali, announced Monday, October 30, that a local content development fund will be established as a means of helping businesses to find start-up capital to compete in industries, such as the oil and...

ExxonMobil Guyana president, Alistair Routledge, has made it clear that the company's reputation is intimately linked to the impact of its large oil projects in Guyana. "We feel our name is now tied to whether this is a success...

Local suppliers once again have an opportunity to provide a wide range of services to SBM Offshore Guyana, as the company prepares to bring its third oil production vessel online in the South American country. In its search for these services,...

David Goldwyn, an energy expert with experience in the U.S. State Department and specialized work in extractive industry transparency, recently expressed high regard for the strategies Guyana has in place to manage its emerging oil wealth.  Speaking at a press...

ExxonMobil aims to churn out even more discoveries in Guyana’s Stabroek block with three wildcats planned for the new year, said its senior vice president, Neil Chapman, on October 27.  Exxon has already racked up a resource count of over...

The Guyana government has announced the initiation of a public consultation for Guyana's gas monetization strategy. A release from the Ministry of Natural Resources (MNR) said the strategy aims to serve as a "pivotal roadmap for managing the nation's...

New half-year local content data from ExxonMobil Guyana Limited (EMGL) indicate that 1,300 Guyanese women are supporting the company's operations both on and offshore, in the South American country. EMGL said that Guyanese represent 69% of its overall workforce.  A total...

Suriname is moving to use future oil royalties as collateral to manage about US$314 million of its debt.  The country has crafted oil-linked securities that hinge on royalty revenues to be generated from its first offshore oil development project in...

The Sheriff Group of Companies today turned the sod for the first mall in Guyana’s Berbice County.  The four-phase mall will be located at Palmyra, close to the Berbice River bridge.  The region is quickly becoming a hub for development because...