US$3M portion of signing bonus set aside for capacity building remains untouch–Finance Minister
When American oil giant, ExxonMobil, gave Guyana a US$18M signing bonus back in 2016, the coalition administration had said that US$3M would be put...
Hasten efforts to develop, strengthen economic policies, institutions – IDB consultant urges
Given the 2018 performance of the economy, and particularly the encouraging developments by ExxonMobil in the oil sector, the Inter-American Development Bank (IDB) has...
Venezuela tried to land helicopter on ExxonMobil contracted vessels-Greenidge tells House
Foreign Affairs Minister, Carl Greenidge, informed the National Assembly today of the aggressive actions taken against Guyana by Venezuela as well as the subsequent...
Guyana faces “ultimate danger” with long-delayed Oil Spill Plan
Director of Power and Money at Oxfam America, Ian Gary, is of the firm view that Guyana’s National Oil Spill Plan should have been...
Even with looming Elections, Oil preparations must not slow down- Dr. Hinds
Executive Member of the Working People’s Alliance (WPA), Dr. David Hinds insists that even with General and Regional Elections scheduled to be held within...
Model PSA to have penalties for non-compliance to local content benchmarks
The model Production Sharing Agreement (PSA) being pursued by the Energy Department will feature local content benchmarks to be achieved by oil companies as...
Oil will not have transformational impact when govt. systems are weak- Economist
Promising transformational impacts from the looming oil wealth in the short or medium term, without lending any consideration to the poor state of governance...
Venezuelan incursion forces Exxon to halt seismic operations
An incursion by the Venezuelan military today in Guyana’s territorial waters has forced American oil giant, ExxonMobil to halt its 3-D seismic operations on...
Guyana not getting the most from foreign advisory services on oil and gas -Petroleum...
Petroleum Advisor to the Government, Matthew Wilks, is of the firm view that Guyana is not getting the most from foreign advisory services on...
Guyana’s model PSA must allow Govt. to pay surprise visits to petroleum facilities-GRA Head
Commissioner General of the Guyana Revenue Authority (GRA), Godfrey Statia is pleased that the newly established Energy Department is pursuing the creation of a...
