The Government of Guyana is preparing to table the Petroleum Commission of Guyana Bill 2017 at the next sitting of the country’s National Assembly, slated for May 8, 2017. The Bill is just one of the measures being put...
Canadian-based oil and gas exploration company CGX Energy Inc. will soon recommence exploration work offshore Guyana and aims to drill as much as 6 wells over the next two years. CGX had come up empty-handed on previous attempts to...
Plans are moving forward by ExxonMobil for the installation of another Floating Production, Storage and Offloading (FPSO) vessel in Guyana. Upstream reports that this second vessel will be bigger than the first, and is earmarked for the Liza development,...
While laying the foundation to realize its fortunes and becoming a hemispheric leader in the oil and gas industry, Guyana has also been listening keenly to the advice coming from experts in the field.
Billy Joe Pellegrin, the Corporate Quality...
The Guyana government is forging ahead to establish laws and the essential framework necessary to ensure transparency and accountability at all levels within the emerging oil and gas sector.
The country’s Prime Minister, Moses Nagamootoo, recently outlined ongoing initiatives, which...
During the recent inaugural Oil and Gas Conference and Exposition hosted by the Guyana Oil and Gas Association (GOGA), held at the Guyana Marriott Hotel in Georgetown, (March 26-28, 2017) participants (including various stakeholder groups and Government Officials) were...
The importance of Guyanese benefiting directly from what is believed to be significant commercial quantities of crude oil offshore the South American country is being emphasized by the head of a key entity representing the interest of the country’s...
The price for oil on the global market rose on Tuesday to an almost 1-month high with Brent futures increasing by US$1.05, or 2 percent, settling at US$54.17 per barrel.
This increase comes on the heels of an unplanned production...
Guyana is fast becoming the premier location in the Oil and Gas Industry as the magnitude of oil reserves located 120 miles offshore the South American country is becoming more evident.
The resilient “third-world” country has actively began mobilizing resources...
The Ministry of Natural Resources today issued a press release in response to the announcement made by ExxonMobil regarding the discovery of more than 82 feet (25 meters) of high-quality, oil-bearing sandstone reservoirs at their Snoek well.
The text of the...
