Exxon to get Yellowtail licence by March; Govt. still pressing for full coverage insurance...
While it was the expectation that the ExxonMobil-led consortium in the Stabroek Block would have gotten its licence for the Yellowtail project since last...
Local companies will enjoy same tax benefits as Exxon suppliers –Jagdeo
The 2016 Stabroek Block Production Sharing Agreement (PSA) is replete with provisions that only grant massive tax concessions to the foreign suppliers of ExxonMobil,...
Guyana’s PSA with CGX will benefit from many upgrades compared to that signed with...
Following the recent announcement by CGX Energy Inc. and its partner, Frontera Energy Corporation that a major discovery was made at the Kawa-1 well,...
CGX strikes oil at Kawa-1; gears to drill second well in second quarter
Canadian oil companies, CGX Energy Inc. and Frontera Energy Corporation disclosed that it finally landed an oil discovery at the Kawa-1 well in the...
MOU signed to establish Guyana-Suriname Private Sector Business Council
Guyana’s Private Sector Commission (PSC) has signed a Memorandum of Understanding (MOU) with the Suriname Trade and Industry Association (STIA) to strengthen bilateral relationships between...
Despite some flaws, Guyana’s new oil fund law strong, innovative, transparent –Expert
In spite of the wave of criticisms the PPP/C Government’s Natural Resource Fund (NRF) Law has faced within these shores, International Expert on Sovereign...
Energy Chamber praises low carbon vision of 2022 budget; mulls reduced subsidies for solar...
While it has expressed great satisfaction with many of the transformational proiects in the PPP/C’s $553B budget, the Guyana Oil and Gas Energy Chamber...
National Oil Spill Committee, US Coast Guard complete three-day Risk Assessment Training
The United States Coast Guard (USCG), in collaboration with the US State Department, yesterday concluded a three-day workshop with members of the National Oil...
Oil increases export earnings by 68 percent to US$4.3B
At the end of 2021, Guyana’s total export earnings amounted to US$4.3B, 68 percent higher than the US$2.6B earned in 2020. This was disclosed...
Oil revenues funds National Budget of $552.9B with no new taxes
Backed by oil proceeds, Budget 2022 totaled $552.9B. This was announced today by Senior Minister with responsibility for Finance, Dr. Ashni Kumar Singh. The...
