ExxonMobil Guyana said it is reviewing a recent High Court ruling regarding the necessity of a financial guarantee for its operations in Guyana, and considering potential next steps. It expressed disappointment that the court did not recognise its financial...
Local Content accounted for 5% of Guyana's economy in 2022, marking a milestone for the country's efforts towards economic diversification and combatting the dreaded Dutch Disease. The Local Content Act of Guyana, which mandates the procurement of goods and...
By Dr. Carolyn Walcott & Dr. Terrence Blackman
Guyana, a small country on the Atlantic coast of South America, is in the throes of a significant economic transformation. The 2015 discovery of large oil and gas reserves off its coast...
Guyana’s Environmental Protection Agency (EPA) has teamed up with Maxar Technologies for the provision of environmental monitoring services for both offshore and terrestrial applications.
Executive Director, Kemraj Parsram said it falls under the Agency’s updated mandate to modernise its operations...
Chief Executive Officer of Hess Corporation, John Hess, discussed the company’s motivation for investing in Guyana’s forest preservation drive, at the International Energy Conference 2023, which opened in Georgetown on Tuesday.
“We are honoured to be Guyana’s partner in this,”...
Guyana’s Private Sector Commission is establishing closer ties with its Surinamese counterpart for enhanced collaboration as both countries pursue oil and gas development.
The Guyana-Suriname Private Sector Business Council headed by Guyanese Paul Cheong was created in 2022 and on...
By the end of November 2022, S&P Global said a total of 178 discoveries had been made globally from new-field wildcat (NFW) drilling. It said this saw a delivery of just over 18.7 billion barrels of oil equivalent (Bboe)...
CNOOC Petroleum Guyana Limited (CPGL) said it recently donated a complete solar lighting community system to Moraikobai, the only indigenous village in Region Five (Mahaica-Berbice), Guyana. In all, 130 lights were given to the community along with eight flood lights...
The partners in the Orinduik Block offshore Guyana are targeting an exploration well in early 2023, according to a report from 15% stakeholder, Eco Atlantic Oil & Gas.
This well is expected to be drilled in the second renewal period...
Phoenix Development Company and Suriname’s Port Management Company, N.V. Havenbeheer, have teamed up to build a mega Deep-Water Port and Special Economic Zone – Port of Nickerie – in Suriname, with projected investment of approximately US$5.4 billion.
With several oil...
