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...
‘No big guess’ about where oil money will be spent – Pres. Ali dismisses criticisms
President Dr. Irfaan Ali has dismissed criticisms that new law amendments will allow the government to raid Guyana’s oil fund,...
Board of Directors for oil fund part of int’l standards – Pres. Ali
The newly-proposed Board of Directors to manage Guyana’s Natural Resource Fund (NRF) is not only geared at stripping the overpowering...
Key stakeholders, not bodies without supporters, should be leading advocacy, lobbying efforts – Jagdeo
The proposed amendments to the Natural Resource Fund (NRF) Act has stirred some debate in certain sections of the media...
To benefit from oil & gas opportunities, private sector readies for local content register
The new Local Content Bill proposes a register of Guyanese employees and companies and PSC Chairman Paul Cheong says that...
Multimillion-dollar deep water port to reduce cost of exporting rice, other produce from Berbice
By Vishani Ragobeer Vishani@newsroom.gy The multimillion deep water port located aback the Seawell village in Region Six (East Berbice- Corentyne)...
Easier access to loans, change in banking relations on PSC 2022 planning
As the new year looms, Guyana’s Private Sector Commission (PSC) is set to increase lobbying efforts for easier access to...
Integrity, expertise & not political connections criteria for NRF Board – Pres. Ali
A new Board of Directors is being proposed to manage Guyana’s Natural Resources Fund (NRF) and President Dr. Irfaan Ali...
New NRF Bill dismantles APNU+AFC’s architecture for ministerial involvement & interference
See below full press release issued by the Ministry of Finance The Ministry of Finance has taken note of recent...
Local Content Bill ‘perfect Christmas gift’ for Guyana – GCCI
The Local Content Bill can be seen as the “perfect Christmas gift” for Guyana and with that critical piece in...
Gov’t can withdraw all oil revenues when Natural Resources Fund becomes law
The government can, in the first instance, withdraw all oil revenues accumulated in the Natural Resource Fund (NRF) in the...
GOGEC applauds gov’t on tabling local content legislation
See full press release below: The Guyana Oil and Gas Energy Chamber (GOGEC) welcomes the move by govt to swiftly...
Board of Directors, no Parliamentarian, proposed to manage oil money
A new Board of Directors, comprising three to five members, is being proposed to manage Guyana’s Natural Resource Fund (NRF)...
READ: Specific sectors for Guyana, local companies under proposed Local Content Law
Under proposed Local Content Legislation, which seeks to prioritise the involvement of Guyanese and local companies in the nascent petroleum...
Local Content Bill proposes delicate balance for foreign and local companies
Proposed new legislation to regulate how foreign companies should operate in Guyana’s petroleum industry has sought to strike a delicate...
Should the developing world bear the burden of saving the earth? Jagdeo says no
By Vishani Ragobeer Vishani@newsroom.gy Many have been critical of Guyana’s oil and gas exploits because the production of oil and...
No wholesale copying: Revised oil fund to include best aspects of several models
There will be no wholesale copying of another country’s Sovereign Wealth Fund (SWF) model to manage the massive revenues being...
SBM Offshore opens new office with keen interest in developing staff
SBM Offshore, a Dutch-based global group of companies selling systems and services to the oil and gas industry, has opened...
Local Content law is ‘not a blanket’ guarantee for Guyanese businesses – Bharrat
The proposed Local Content law, which the government will table in the National Assembly Thursday, is not an automatic guarantee...
