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...

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...

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...

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,...

Vice President of Guyana, Dr. Bharrat Jagdeo said that it is important for ExxonMobil to meet its obligations in the unlikely event of a spill offshore. However, he argued government will not support a process that damages the country’s...

Guyana's Environmental Protection Agency (EPA) has released the final terms of reference (TORs) for the Environmental Impact Assessment (EIA) which is to be conducted for ExxonMobil's sixth project offshore the South American country. Prepared by the Agency and London-based...

The dual-activity dynamically positioned (DP3) drillship, Stena Carron, is undertaking operations in the deep waters off the Guyana coast in the ExxonMobil-operated Stabroek Block where a 7th development is being targeted. Guyana’s Maritime Administration Department (MARAD) said in a May...