Quay wall installation begins on Vreed-en-Hoop Shore Base facility
The Vreed-en-Hoop Shore base Inc (VEHSI) has started installing the quay wall structure on its artificial island in the Demerara River. The first set...
Govt ironing out fiscal terms before auctioning off remaining oil blocks – VP
The Guyana Government has now shifted the auctioning of the remaining oil blocks offshore to yearend, in order to facilitate the determination and completion...
No intention for Guyana to be refinery capital of Region; govt will only sell...
Vice President Bharrat Jagdeo has made it clear that the Government will not be selling crude to any refinery with a capacity above the...
Govt to launch RFP today for development of gas resources
The Guyana Government is expected to invite companies to submit their proposals on how best the country can develop and monetise its natural gas...
Growing interest by oil companies in re-exploring Takutu Basin
There has been growing interest by oil companies in re-exploring the Takutu Basin, located in the southern part of Guyana close to the Brazilian...
Local companies must act fast to capitalise on oil blocks bid round – GMSA
…urges companies to form consortiums
With the Government’s announcement that 14 oil blocks will be up for an auction open to both local and foreign...
EPA orders ExxonMobil Guyana to provide unlimited liability coverage
Even as it continues the fight in the Court of Appeal to overturn the High Court order, the Environmental Protection Agency (EPA) has issued...
Govt receives several proposals to set up national oil company – Vice President
…says all decisions on future blocks to be made in 3rd quarter
Proposals have been received from various oil operators in Guyana’s waters for them...
GYSBI’s 700-plus workforce 95% Guyanese
…company reports 1000 days of no lost time injuries
Since the company started servicing oil major ExxonMobil and its operations offshore, the Guyana Shore Base...
Draft gas strategy to be completed in 2 weeks – VP Jagdeo
The draft gas strategy, which will lay out the framework for Guyana developing its gas reserves, is expected to be completed within the next...