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...
Umana Yana to be ‘duty-free zone’ for Int’l Energy Conference
Though much of the excitement surrounding the upcoming International Energy Conference 2022 has to do with Guyana’s oil prospects, President...
Auditing oil blocks, setting up Local Content Secretariat part of big allocations approved
As Guyana continues to develop its nascent oil and gas sector, massive allocations were approved during the Budget Estimates on...
Money from oil fund to spur non-oil growth – Bharrat knocks criticisms
Minister of Natural Resources Vickram Bharrat has knocked criticisms of the government’s intended withdrawals from Guyana’s oil-wealth fund, explaining that...
No fear of ‘big things, mega projects’ – Edghill hails budget as ‘realistic, futuristic’
With the largest sectoral allocation in the 2022 National Budget going towards infrastructure at $76 billion for roads and bridges,...
‘More investors will flock Berbice now’ – Bharrat says on CGX oil find
Significant investments stemming from Guyana’s oil and gas industry have been centered in Region Four (Demerara- Mahaica) but with the...
Significant regional recovery expected with Guyana leading the pack – Caribbean Bank
By Vishani Ragobeer Vishani@newsroom.gy Caribbean countries, largely dependent on exporting goods and providing services like tourism, have been beset by...
With new oil find, CGX Energy moves to drill another well later this year
CGX Energy, which has been searching for oil offshore Guyana for more than two decades, has finally found oil at...
CGX Energy in ‘transformational’ oil find offshore Corentyne
CGX Energy, which has been searching for oil offshore Guyana for more than two decades, has finally found oil at...
Budget 2022 reflects commitment to progressive and equitable society- GOGEC
Press Release by the Guyana Oil and Gas Energy Chamber The Guyana Oil and Gas Energy Chamber (GOGEC) welcomes the...
BUDGET 2022: $5B to cushion rising food prices as Gov’t reduces gas, freight prices
With several measures in budget 2022 to ease the effects of the rising cost of living, the government has set...
Exxon next month to begin pumping from 2nd Guyana oil platform
(Reuters) Exxon Mobil Corp. next month plans to start production at its second oil platform in Guyana, a person familiar with...
Hess plans big spending on oil exploration, production in Guyana & US basin
(Reuters) Hess Corp said on Tuesday it expects a 37% jump in capital spending for exploration and production this year,...
Local content requirements in oil industry earn Saudi Arabia more than US$100B
(Upstream) Saudi Aramco, the world’s largest crude oil exporter has signed 50 agreements at its in-kingdom total value add (IKTVA)...
Opposition’s motion to put US$900M gas-to-energy project on hold voted down
Minister of Natural Resources Vickram Bharrat has reaffirmed that the US$900 million gas-to-energy project that will cut energy costs by...
Guyana, US stakeholders working towards improving local oil spill response plan
Efforts are being made to assess possible oil spill scenarios so that the response to a potential oil spill would...
GNBS to begin crude oil testing this month
Guyana now has the capacity to test crude oil being produced offshore with the Guyana National Bureau of Standards (GNBS)...
C’bbean private sector body adamant in taking up Guyana’s Local Content laws with CARICOM
The CARICOM Private Sector Organisation (CPSO), which has been facing a barrage of criticisms from local private sector players, is...
Beharry sets the record straight, says fully supports Guyana’s Local Content law
Prominent Guyanese businessman who is an Executive Member of the CARICOM Private Sector Organization (CPSO) Suresh Beharry has stated his...
