Guyana will repay ExxonMobil for unsuccessful wells –GRA Head
The lack of ringfencing provisions in the ExxonMobil Production Sharing Agreement (PSA) will see Guyana paying for all unsuccessful wells. This was made clear...
With Exxon’s 9th discovery, Guyana must re-examine its plan for a refinery –Energy Chamber...
Last year, it was projected that Guyana would produce about 120,000 barrels of oil per day (BOPD). With that level of production at that...
TT’s closure of heavily indebted National Oil Company should not scare us- Ram
Four hundred and thirty miles away from these shores, Trinidad and Tobago’s authorities are preparing to close its National Oil Company (NOC) called Petrotrin....
Granger courting Brazil’s ‘corrupt’ national oil company
In a bid to facilitate more Foreign Direct Investments (FDI), President David Granger is courting Brazil’s National Oil Company, Petrobras.
At a press conference held...
Go-Invest projects over $107.5B in investments for 2018
The Guyana Office for Investment (Go-Invest) projects that there will be over $107.5B in investments this year due to Guyana’s buzzing oil and gas...
ExxonMobil makes ninth discovery offshore Guyana
The discovery of approximately 197 feet (60 metres) of high-quality, oil-bearing sandstone reservoir at the Hammerhead-1 is the ninth discovery of oil in the...
TT pulls plug on loss-making national oil company
As Guyana flirts with the notion of creating a National Oil Company (NOC), its CARICOM sister, Trinidad and Tobago is desperately eager to make...
Govt.’s new advisor on Petroleum versed in serving interests of oil companies
British Petroleum, ConocoPhillips, Premier Oil and Maersk Oil are just a few of the heavyweights of the oil industry that the Government’s newly appointed...
GRA must be strengthened for Guyana to fare well as an oil producing nation...
In anticipation of the revenues to come from the oil and gas sector, Finance Minister, Winston Jordan is demanding effective tax administration. In fact,...
Guyana remains open to excessive, abusive use of debt by ExxonMobil – IMF
The International Monetary Fund (IMF) wants the Government of Guyana to change the way it treats interest expenses in Production Sharing Agreements (PSAs). In...
