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UN decision on border controversy first major step towards lasting resolution...

Guyana’s Minister with responsibility for the petroleum sector says the recently announced decision of the United Nation’s Secretary General, Antonio Guterres, to refer the...

More contracts to be released; no objection made by oil companies...

The Government of Guyana has taken a decision to publicly release all of the contracts and agreements - such as the recently released Petroleum...

Natural Resources Fund Bill for Guyana Parliament by March

Guyana’s Ministry of Natural Resources has set for itself a rigorous agenda for 2018, ahead of first oil in 2020, and according to subject...

Guyana’s long promised blessing being released – Trotman

The announcement on Friday of a 6th oil discovery off the Guyana coast by US oil major, ExxonMobil, has further cemented Guyana’s place as...

Where to refine Guyana oil still under active discussion – Trotman

A decision has not yet been made by the Guyana government as to where the South American country will refine its share of oil...

US$18M signing bonus not cost recoverable – Trotman

The US$18M signing bonus that ExxonMobil paid the Government of Guyana upon the signing of an updated Production Sharing Agreement (PSA) in 2016 will...

Trotman confirms US$1M per day earnings from oil production; says contract...

Guyana’s Minister of Natural Resources, Raphael Trotman, said Thursday that the updated petroleum agreement arrived at between US oil major ExxonMobil and the South...

Multi-sector stakeholder group to steer Guyana O&G sector

The Guyana Government has embarked on the establishment of a multi-sector stakeholder committee for the oil and gas sector which it hopes will comprise...

Criticism mounts on Guyana Gov’t’s handling of ‘signing bonus’

Days after Guyana’s Minister of Natural Resources, Raphael Trotman, told law makers in the country’s 65-seat National Assembly that the government did indeed receive...

‘We did what we did to safeguard Guyana’ – Trotman

Minister of Natural Resources Raphael Trotman today confirmed that government has in fact received ‘advanced payments’ from US Oil Giant Exxon Mobil and its...