Guyana Oil and Gas News

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

Low development cost for Guyana oil wells excites

-operators see busy year ahead

On the heels of its partner Hess boasting of its Guyana’s offshore operations being pivotal to its projected financial gains, oil major ExxonMobil has lauded this year’s five discoveries and echoed similar sentiments even as it believes that more gains will be made in 2019.

Dep’t of Energy for $100m building

A state-of-the-art building will be constructed next year to house the Department of Energy, State Minister Joseph Harmon disclosed yesterday during the consideration of the estimates of the Ministry of the Presidency’s Petroleum and Energy Management Programme.

Oil and gas, aviation sectors to be ‘inducted’ into workplace safety alliance – Scott

-Lewis takes Minister to task on workers’ rights issues

The oil and gas and aviation sectors are to be included in an “alliance” created by the Ministry of Social Protection in an effort to curb the incidence of accidents in the various sectors, Minister in the Ministry of Social Protection Keith Scott told the National Assembly in his post-budget presentation earlier this week.

Budget 2019 and the oil economy

As budgets go, the $300.7b one presented by Finance Minister Winston Jordan last Monday isn’t much different from its predecessors or indeed those of the previous government in their main constructs.

Mangal says advised against Crab Island oil facility over lack of transparency

Dr Jan Mangal, former petroleum advisor to President David Granger, has said he advised government against investing in the development of the now shelved onshore oil and gas supply facility at Crab Island, in Region Six, as the proposal did not go through the due diligence needed for the investment, which would have required billions of taxpayers’ dollars.