Guyana searching for new marketer for crude lifts
…bidding to be opened early next month
Guyana is on the hunt for a new crude marketer, with a new Invitation for Bids (IFBs) being...
EPA reviewing draft Parent Company Guarantee Agreement from Exxon
…optimistic of including clause allowing flexibility on US$2B guarantee
By Jarryl Bryan
The Environmental Protection Agency (EPA) is presently reviewing a draft Parent Company Guarantee agreement...
Govt announces 20% reduction in gasoline, 15% reduction in diesel prices
Please see full statement issued by the Finance Ministry:
Georgetown, Ministry of Finance, 1 October 2022: Senior Minister in the Office of the President...
Tremendous opportunities for Guyana to export natural gas – CDB expert
…says Guyana should have enough gas for 20-to-30-year project
Guyana, which has been producing oil and gas since 2019 and which has plans to pipe...
New PSA will secure over 60% more revenue share for Guyana – VP
With the new model Production Sharing Agreement (PSA) that the People’s Progressive Party/Civic (PPP/C) Government is implementing for all new oil exploration projects, Government...
Govt will invest oil revenues until challenges faced by Guyanese are remedied – Jagdeo
Vice President Bharrat Jagdeo has laid a firm footing that Government would continue to invest the oil revenues in areas which develop the productive...
Govt to tender for int’l project manager for gas-to-shore development
…RFPs sent out to prequalified companies; to be received by July
The Government of Guyana plans to go out to tender for an international project...
Work to start this year on model PSA for future oil deals – Bharrat
…huge chunk of $200M World Bank funding to be used
Work is expected to start this year on a model Production Sharing Agreement (PSA) that...
Guyana Shore Base signs deal with NCB Merchant Bank to expand energy sector
NCB Merchant Bank (Trinidad and Tobago) Ltd, a subsidiary of the Jamaica-based NCB Capital Markets Group, has signed an agreement with Guyana Shorebase Inc....
Venezuelan worker killed in industrial accident on artificial island
A Venezuelan national was killed on Saturday evening in a freak accident at the Vreed-en-Hoop Shore Base facility commonly known as the artificial island...