Wed, Jul 1, 2026
Wed, Jul 1, 2026
Oil & Gas
Local content: About $322M already earned at half-year, thousands hiredWith 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 - BharratSome 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…
Gov’t expects more money to support economic development as Prosperity starts productionSee below the full release from the Ministry of Natural Resources: The Government of Guyana is pleased to announce the…
Third FPSO starts oil production, Guyana moving towards 620,000 barrels of oil dailyThe Prosperity, the third Floating Production Storage and Offloading (FPSO) vessel operating in the prolific Stabroek Block offshore Guyana, started…
With 6th withdrawal, Gov't transfers $156B from oil fund this yearSee below the full statement issued by the Government of Guyana: It would be recalled in 2021, Government amended the…
Gov't to soon award contract for marketing Guyana's oilVice President Dr. Bharrat Jagdeo says the government will soon award the contract or contracts for the entity that will…
Gov’t releases natural gas strategy for public consultationsSee below full statement issued by the Ministry of Natural Resources: The Government of Guyana, through the Ministry of Natural…
Gov’t pursuing new avenue to help locals amid lengthy payment period from oil companiesPresident Dr. Irfaan Ali said the Government of Guyana is eyeing the development of a new fund that could help…
Chevron will be a ‘good partner’ in Guyana - JagdeoInternational oil company Chevron agreed to buy Hess Corporation - one of the oil companies with a stake in Guyana’s…
Oil auction: Company run by Guyanese women among six firms getting oil blocksAfter completing the evaluation of the bids submitted for eight of 14 oil blocks, the government has finally awarded eight…
‘Significant discovery’ at Lancetfish-2 oil wellSee below full statement issued by the Ministry of Natural Resources: The Ministry of Natural Resources (MNR) is pleased to…
Focus on Guyana as Chevron to buy Hess Corp for US$53B(Reuters) Chevron said on Monday it agreed to buy Hess for $53 billion in stock, the second proposed mega-merger among…
Oil Audit: Gov’t not accepting any proposed settlement from ExxonMobilThe government does not intend to engage in further post-audit negotiation on the US$214 million in questionable spending from 1999…
Jagdeo insists Gov’t not changing ‘core’ terms in new oil contract to satisfy ExxonThe government will not change any of the core fiscal terms of the new oil contracts because it believes that…
Rebranded Energy Conference returns with expanded focusSee below the full statement issued by the Guyana Energy Conference and Supply Chain Expo: Guyana’s premier Energy Conference…
Field development plan for Exxon’s sixth project submitted to Gov’tA field development plan (FDP) for ExxonMobil’s sixth project in the Stabroek Block offshore Guyana was submitted to local authorities…
