Guyana Oil and Gas News

All the latest news and commentary on the new Guyana Oil and Gas sector include exploration, drilling, policy, impact and more.

Nicholas Boyer
Nicholas Boyer

Boyer calls first oil without local content policy a fail

With first oil on the horizon, the Georgetown Chamber of Commerce and Industry (GCCI) has lamented the fact that the A Partnership for National Unity+Alliance For Change (APNU+AFC) government is yet to provide feedback on and finalise the third draft of the national Local Content Policy that was released to the public some weeks ago for comments.

 From left are DDL Finance Controller Vasudeo Singh, DDL Chairman Komal Samaroo, CWSL CEO Nigel Bennett and CWSL Chief Marketing Officer Darren Debideen (Demerara Offshore Incorporated photo)
From left are DDL Finance Controller Vasudeo Singh, DDL Chairman Komal Samaroo, CWSL CEO Nigel Bennett and CWSL Chief Marketing Officer Darren Debideen (Demerara Offshore Incorporated photo)

DDL in oil and gas venture with Trinidad company

Demerara Distillers Limited (DDL) yesterday announced that it has entered an oil and gas service joint venture partnership with Trinidadian company CWSL and their plans include the development of a “world-class” shore base facility.

Essequibo Chamber President Roopan Ramotar with his son Roopan (Jr.) on the Capoey Lake

New Essequibo Chamber President wants majority share for local companies in oil and gas-related activities

Advocating for the allocation of a “fair share” of the returns from the country’s oil and gas industry, bringing the Essequibo Chamber of Commerce (ECC) into the national business mainstream and aggressively promoting the ‘Cinderella County’ as a hotspot for tourism are among the key priorities of  Region Two businessman Roopan Ramotar who, last Sunday, was elected Chairman of the (ECC).

Tullow Oil: Not good news but the door still ajar

While the local response to this week’s disclosure that the British company Tullow Oil is now in the process of reassessing the commercial viability of its recent oil discoveries offshore Guyana has been relatively muted, not so that of the wider international community including those constituencies with vested interests in the well-being of the company.

Dr Vincent Adams

Sites being scouted for modern landfills

With increased oil and gas activity necessitating the treatment and disposal of hazardous waste, the Environmental Protection Agency (EPA) is working to identify sites around the country for the development of state-of-the art landfills while it prepares for closer scrutiny of ongoing operations.

Exxon Mobil one-time ‘head honcho’ Rex Tillerson

ExxonMobil `not indifferent’ to climate change threat – Tillerson

Having already soaked up a slew of international criticism over what is characterised as its healthy contribution to oil-related climate degradation, ExxonMobil, one of the world’s most powerful energy giants, was on Wednesday October 30, compelled to endure the sight and sounds of one of its most high-profile former bosses conceding that its longstanding posture notwithstanding, the company knew the climate change was not just a reality but that it was a real issue.  

First oil

So, the first oil to be extracted from Guyana’s bountiful wells in the Stabroek Block will be divvied up between ExxonMobil and its two partners Hess and CNOOC.

Director of the Department of Energy Dr Mark Bynoe

Exxon to get first oil lift

ExxonMobil will take the first three liftings of crude oil from the country’s huge offshore deposits and Guyana will receive its share in its ground-breaking petroleum endeavour beginning around March next year.

Dr Vincent Adams

Guyana joins int’l oil regulators group

Guyana has joined the International Offshore Petroleum Environment Regulators (IOPER), an international regulators group whose help it will be seeking as it accelerates preparations for crucial oversight of the oil and gas sector as the expected start of production has been moved to next month. 

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