Vice President Dr. Bharrat Jagdeo said on May 25 that Guyana’s gas strategy, expected to be drafted at the end of the year, will explore the opportunity for joint development with Suriname.
“In some areas like Pluma, more gas,...
With a third of the year past, Guyana has received 26% of the US$1.63 billion in 2023 revenues which the Ministry of Finance projected would be deposited into the country's oil fund. The US$421 million received, accounts for payments...
Suriname’s mega port coined Firebird LNG will see US$5.4 billion being invested to create a shore base and an economic zone - similar to that of the Vreed-en-Hoop Shore Base Inc. (VEHSI) which will service ExxonMobil Guyana’s Yellowtail development.
Phoenix...
With five sanctioned projects in the Stabroek Block, and a sixth in the pipeline for review, the Government of Guyana has mandated its regulators to establish a special oil and gas auditing unit to keep track of the growing...
An umbrella organisation representing businesses across Guyana is now speaking out, following the recent court ruling on oil spill insurance in the South American country.
The Private Sector Commission (PSC) said in a statement on May 20 that it is...
Guyanese authorities have assured that a strict monitoring process is in place to ensure all cost overruns for projects in the Stabroek Block are scrutinised. This was specifically noted by Vice President, Dr. Bharrat Jagdeo, the chief policy maker...
Guyana’s Environmental Assessment Board (EAB) has upheld a decision by the Environmental Protection Agency (EPA) to not require a separate Environmental Impact Assessment (EIA) for Guyana's upcoming 300 megawatts (MW) natural gas power plant. The power plant is expected...
Italian multinational company Saipem has been awarded two significant offshore contracts with a combined value of approximately US$850 million.
The contracts encompass an Engineering, Procurement, Construction, and Installation (EPCI) project in the Black Sea and decommissioning activities in the North...
ExxonMobil Guyana’s President, Alistair Routledge has assured that Guyana is safe from liability should an oil spill occur in its offshore acreage as the company has a more than US$20 billion safety net protecting the South American nation.
At a...
American Multinational, NOV - a worldwide drilling and oil production equipment provider - has joined the list of companies looking to on Guyana’s oil and gas success.
The company opened its Wellsite Service/Tuboscope facility at Rome on the East Bank,...
