Oil & Gas
Appeal Court overturns decision on financial assurance dispute, rules in favour of ExxonMobil, EPA
The Court of Appeal has ruled in favour of ExxonMobil Guyana Limited and the Environmental Protection Agency (EPA), overturning a 2023 High Court judgment delivered by Justice Sandil Kissoon concerning financial assurance requirements under ExxonMobil’s offshore petroleum environmental permit. In the earlier decision, the High Court ruling had found that ExxonMobil was in breach of...
An ‘energy balance’ needed: Guyana’s Ali makes case for strategic investments globally
By Vishani Ragobeer in Houston As thousands of industry professionals gathered in Houston, Texas for the 2026 Offshore Technology Conference...
OTC 2026: President Ali leads Guyanese delegation, visit to oil refinery planned
Guyana’s President, Dr. Irfaan Ali, will lead a delegation of about 100 officials and private sector players at this year’s...
BUDGET 2024: With $95.7B for energy sector, expansions expected at GPL, solar & hydroelectricity projects
A total of of $95.7 billion is allocated in the 2024 budget for the energy sector. Finance Minister Dr. Ashni...
Almost 4,000 locals hired to support oil sector since Local Content legislation enacted
Since the passage of the Local Content Bill in December 2021 and its enactment in January 2022, almost 4, 000...
BUDGET 2024: Inflation lowered last year; oil & agri. among sectors booming
Finance Minister Dr. Ashni Singh on Monday said inflation in Guyana was lower last year even though the country grappled...
Gov’t seeking proposals for 100% privately-owned gas facility
The Government of Guyana is seeking proposals for a 100% privately-owned facility that will allow the country to utilise the...
Prosperity achieves background flare
ExxonMobil Guyana is pleased to announce that the Prosperity floating, production, storage and offloading (FPSO) vessel, utilised in the Payara...
Gov’t to seek proposals to monetise Guyana’s natural gas quickly- President
The government will soon request proposals detailing how Guyana’s natural gas resources can be harnessed and monetised quickly, President Dr....
Gov’t makes final 2023 withdrawal from oil fund
See below full release from the Ministry of Finance: It would be recalled in 2021, Government amended the Natural Resource...
COP28: The ‘beginning of the end’ for fossil fuels?
By Vishani Ragobeer vishani@newsroom.gy This year’s global climate talks, COP28, came to an end on Wednesday with countries agreeing to...
‘Heated’ debate on fossil fuels as COP28 winds down
By Vishani Ragobeer in Dubai vishani@newsroom.gy Fossils fuels- the main contributor to the climate crisis- were always going to be...
‘Guyana isn’t standing on its own’ – Exxon boss says
By Vishani Ragobeer vishani@newsroom.gy Chief Executive Officer (CEO) of ExxonMobil Darren Woods says he doesn’t believe Guyana is standing on...
Guyanese investors told to form partnerships in agri, renewable energy ahead of Offshore Tech Conference
The Georgetown Chamber of Commerce and Industry (GCCI) is gearing up for its participation at the Offshore Technology Conference (OTC)...
COP28: Suriname, like Guyana, says its vast forests will be protected as oil sector develops
By Vishani Ragobeer in Dubai vishani@newsroom.gy At the northern edge of the South American continent sit two countries, Guyana and...
With 7th withdrawal, Gov’t transfers $176.8 billion from oil fund this year
See below full statement issued by the Ministry of Finance: It would be recalled in 2021, Government amended the Natural...
CNOOC and Chinese Medical Team donate equipment to GPHC
On November 14, 2023, a quantity of acupuncture and Chinese massage equipment, was donated by the Stabroek Oil Block partner, CNOOC...
CGX gets two years to determine viability of oil find at Corentyne Block
CGX Energy Inc. and the Frontera Energy Corporation, joint venture partners in the Corentyne Block offshore Guyana, have found oil...
Local content: About $322M already earned at half-year, thousands hired
With the Local Content law in place, Guyanese companies have earned about US$322 million in the first six months of...
Companies involved in ‘fronting’ refused local content certificates – Bharrat
Some companies that were hoping to get local content certificates were denied those documents because the government discovered that they...
Gov’t wants exploration at new oil blocks to start ‘as soon as possible’
Eight oil blocks – two in deep water and six in shallow water – were recently awarded to six different...
