Oil & Gas

Government on Tuesday announced that after nearly six months of Ghanaian company Cybele Energy promising to pay the US$17 million singing bonus on the awarded Oil Block S7 and racking up nearly US$4 million in default interest, a warning has been issued to the company to pay up or forfeit its licence. In response, the company has promised to pay 30 per cent by the end of this week.

          Guyana’s oil and gas sector will continue to grow with new exploration, stronger Production Sharing Agreement (PSA) and policies that ensure that the wealth...

Last week, the University of London’s Chancellor Hall hosted a seminar that brought together experts and stakeholders from both Guyana and the Guyanese diaspora,...

…as legislative revision continues After the revision of legislation for the labour sector, employers found in breach of the laws will be slapped with hefty...

See full statement from the Environmental Protection Agency:  The Environmental Protection Agency (EPA) welcomes the recent unanimous ruling of the Guyana Court of Appeal concerning...

The highly anticipated Gas-to-Energy (GtE) Project is set to come onstream by the end of this year, delivering some 57 megawatts (MW) of electricity...

Guyana’s daily oil production is set to increase by 37% with the imminent startup of its fourth offshore development, the Yellowtail project, operated by...

…will allow more investments in renewables The gas-to-energy project, which is being financed by oil giant ExxonMobil, is a transformative venture that according to Esso...

President of ExxonMobil Guyana, Alistair Routledge, announced on Monday that Guyanese could help name the Floating Production, Storage, and Offloading (FPSO) unit, which will...

With Region Six (East Berbice-Corentyne) positioned to become the country’s next gas hub, President Dr Irfaan Ali has called on neighbouring Suriname to combine...