Oil & Gas
With local content targets on track, Guyana’s private sector wants greater carve-outGuyana’s local content secretariat has been operational for less than one year but the body has already achieved some of…
Few serious, majority carpetbagging companies submit proposals for oil refineries - JagdeoWith the Government of Guyana inviting proposals for the private construction of a local oil refinery, Vice President Dr. Bharrat…
Gov't releases details for upcoming auction of oil blocksSee full statement from Ministry of Natural Resources: The Government of Guyana through the Ministry of Natural Resources is pleased…
10% royalty and lower cost recovery among new terms for oil blocks soon to be auctionedWith the highly anticipated bidding for oil blocks expected to commence soon, Vice President Dr. Bharrat Jagdeo on Thursday announced…
Over 350 Local Content Certificates issuedSee the full statement from the Ministry of Natural Resources below: Since coming into operation in January 2022, Guyana’s local…
Gov’t endorses Stabroek Block operator’s local content Master PlanThe Ministry of Natural Resources continues to judiciously manage Guyana’s oil and gas sector so that benefits may be derived…
With new discoveries, oil production to exceed 1 million barrels per day by 2030 See below the full statement from the Ministry of Natural Resources The Ministry of Natural Resources on behalf of the…
Two more oil discoveries; more than 30 discoveries in Stabroek block since 2015IRVING, Texas – ExxonMobil today announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana,…
Some oil blocks will be reserved for future gov’t partnerships - Pres. AliAs Guyana prepares to auction its remaining oil blocks this year, President Dr. Irfaan Ali announced that some of those…
Gov’t formally invites proposals for oil refinery here by 2025The Government of Guyana, through the Ministry of Natural Resources, has invited proposals for the private construction of a local…
CNOOC Petroleum Guyana opens head office in GeorgetownCNOOC Petroleum Guyana Limited (CPGL), which holds a 25% working interest in the giant oilfields of the Stabroek Block with…
GOGEC and Nigerian Petroleum Association - PETAN Signs MOUThe Guyana Oil and Gas Energy Chamber – GOGEC has signed a Memorandum of Understanding with the Petroleum Technology Association…
Qatar eyes Guyana’s oil blocks, more energy cooperationAs Guyana prepares to auction its remaining oil blocks this year, Minister of State for Energy Affairs of the State…
Guyana Shore Base gets $10M loan from Trinidad Merchant Bank to expand services to oil sectorThe Guyana Shorebase Inc., has signed an agreement with the NCB Merchant Bank (Trinidad and Tobago) Ltd, a subsidiary of…
Wales Gas-to-energy project: Fuelling Guyana’s transition?By Vishani Ragobeer [email protected] Guyana is pursuing several ambitious goals at once. The country wants to lower the exorbitant cost…
Guyana’s oil a ‘boon’ for the world amidst demand for replacementsCountries across the world are seeking replacements for Russian oil, in light of that country’s ongoing invasion of Ukraine and…
Trinidad body distances itself from comments made by director The Trinidad and Tobago Coalition of Services Industries (TTCSI) has distanced itself from seemingly threatening comments made by one of…
Guyana’s oil economy to double this year, economic growth nears 60% - IMFOil production offshore Guyana increased significantly this year and the International Monetary Fund (IMF) projects that the local oil economy…

