Oil & gas sector accounts for US$700M spent annually in Guyana
The oil and gas sector, which continues to grow amid Guyana’s reputation as the fastest growing economy, is responsible for approximately US$700 million in...
GYSBI’s 700-plus workforce 95% Guyanese
…company reports 1000 days of no lost time injuries
Since the company started servicing oil major ExxonMobil and its operations offshore, the Guyana Shore Base...
No more than 3 oil blocks per investor for maximum participation – VP Jagdeo
– Kuwait among countries interested in bilateral development of blocks
In an effort to ensure maximum participation and diversity among the investors in Guyana’s oil...
“The reality is there is less available capital” – Ali on sourcing finance for...
The bugbears faced by companies to invest in the oil and gas sector will create a negative effect on the rollout of the industry...
Gas-to-shore Project: $400M for acquisition of private lands for pipeline – PM
The People’s Progressive Party/Civic (PPP/C) Government has set aside some $400 million for the acquisition of private lands to facilitate the laying of pipelines...
Most oil & gas majors looking to buy Guyana’s crude – Bharrat
The purchase of crude oil on a long-term basis from Guyana is something that has garnered a lot of interest beyond Guyana’s shores, even...
British, Egyptian firms vying for contract to review Uaru FDP
The search for a consultant to review the evaluation of ExxonMobil’s Field Development Plan (FDP) for its Uaru field, has been narrowed down to...
Gas-to-energy project can pay for itself – VP Jagdeo on loan repayment
The loan that the Government will eventually have to take to finance its portion of expenses for the over US$1.7 billion gas-to-energy project, can...
Gas-to-Shore Project gets $43.3B in Budget 2023
The Dr Irfaan Ali-led Administration's model Gas-to-Shore Project has received a whopping $43.3 billion from Budget 2023.
"To advance the construction of this and...
Exxon applies for EPA’s approval of 6th project offshore Guyana
Oil giant ExxonMobil has started the process of seeking project approval for its sixth oil development in Guyana’s waters and approached the Environmental Protection...