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‘We will have a SWF long before first oil’ – Trotman

Minister with responsibility for petroleum in Guyana, Raphael Trotman, has assured that the South American country will have a fully established and functional Sovereign...

Ram invited by gov’t to share views on Petroleum Commission Bill

A number of individuals including Chartered Accountant and vocal critic in Guyana’s oil and gas sector, Christopher Ram, have been invited by Guyanese authorities...

Business Ministry to take lead on development of local content policy...

Guyana’s Ministry of Business has been tasked with spearheading the development of the country’s local content policy framework, now slated to be finalized and...

Ten applications for oil blocks pending

Around ten applications for oil blocks in Guyana are currently sitting with authorities but no firm decision on the issuance of new licenses has...

We need oil partners with clout and bravery in face of...

Guyana must consider a number of factors when granting international oil companies access to explore in its waters, which, according to Minister of Natural...

Presidential oversight of oil in Guyana’s best interest – Trotman

Guyana’s move towards becoming an oil producer will have a profound socio-economic, cultural and political impact on the country, and as such, having the...

IMF finds Guyana US$18M signing-bonus ‘relatively high’ – Trotman

The Guyana government believes the US$18M signing bonus it received from ExxonMobil - part of a modified 2016 Production Sharing Agreement (PSA) - is...

Guyana fast-tracked Liza development to protect sovereignty

Guyana on Friday acknowledged a move to strategically fast track the development of the Liza oil field in the Stabroek Block by US oil...

Guyana establishing new Energy Department

The Guyana Government will be establishing a Department of Energy within the next few months. This announcement was made by the South American nation’s...

Amendments being made to Petroleum Commission bill

Further amendments are being made to the bill being proposed for the establishment of Guyana’s Petroleum Commission – the regulatory body that will have...