Significant interest in Guyana’s oil bid round – Jagdeo
…investor interest for almost every single economic sector
A little over a month since the People’s Progressive Party/Civic (PPP/C) Government put Guyana’s oil blocks on...
Quay wall installation begins on Vreed-en-Hoop Shore Base facility
The Vreed-en-Hoop Shore base Inc (VEHSI) has started installing the quay wall structure on its artificial island in the Demerara River. The first set...
Fangtooth well could lead to 7th FPSO in Stabroek Block – Hess
…daily oil production could be ramped up to 1.2M BoE
ExxonMobil and its partners have said they anticipate six Floating Production, Storage and Offloading Vessels...
Local companies must act fast to capitalise on oil blocks bid round – GMSA
…urges companies to form consortiums
With the Government’s announcement that 14 oil blocks will be up for an auction open to both local and foreign...
Auctioning of remaining oil blocks to commence within 2 weeks – VP Jagdeo
...PSA being rewritten, to be finalised through public process
After a year of planning and much anticipation from both local and foreign onlookers, the Government...
EPA approves environmental permit for Gas-to-Shore Project
After several rounds of consultations and intense review of the project over the past months, the Environmental Protection Agency (EPA) has approved the Environmental...
Cost oil audit of ExxonMobil almost complete – lead auditor
…draft report to be submitted by next month
Work by an American-Guyanese consortium of auditors, to audit approximately US$7.2 billion in ExxonMobil cost oil claims,...
No intention for Guyana to be refinery capital of Region; govt will only sell...
Vice President Bharrat Jagdeo has made it clear that the Government will not be selling crude to any refinery with a capacity above the...
Govt to invite proposals for construction of 30k barrel oil refinery in Reg 6...
The People’s Progressive Party/Civic (PPP/C) Government is moving ahead with the establishment of an oil refinery in Region Six (East Berbice-Corentyne) and will soon...
Guyana Shore Base signs deal with NCB Merchant Bank to expand energy sector
NCB Merchant Bank (Trinidad and Tobago) Ltd, a subsidiary of the Jamaica-based NCB Capital Markets Group, has signed an agreement with Guyana Shorebase Inc....