Guyana Oil and Gas News

Guyana will undergo massive development when the oil starts flowing and New York-based Guyanese would like to see free university education as a priority so that more young people would be qualified and remain there.  

Environmental Protection Agency (EPA) head Dr Vincent Adams has praised moves by oil major ExxonMobil and its prime contractors to hire specialists for in-house oversight of the environment as he highlighted that the regulatory body faces challenges in filling those positions because of the lack of local personnel and money to pay overseas specialists.

Republic Bank Limited’s (RBL) pursuit of Scotiabank was to increase its economies of scale and become more competitive but notwithstanding the unsuccessful takeover bid, the Trinidad-headquartered bank is gearing to ramp up services to the oil and gas sector.

With a number of foreign oil and gas companies seeking environmental control and waste service providers for their operations here, local firm Cevons Waste Management Inc is moving to position itself to meet their needs while also advocating for national policy to include provisions to aid those that lack industry experience.

President of the Central Corentyne Chamber of Commerce Mohammed Raffik stressed on Friday that every single Guyanese must benefit from the revenue from Guyana’s impending oil production. 

Last week, President Nicolás Maduro was in Moscow for talks with President Vladimir Putin. 

Five to ten per cent of the operations of General Equipment Guyana Ltd. (GENEQUIP) is currently geared toward servicing operators in the oil and gas sector.

Now that it has become clear that Guyana is well on the way towards beginning to build an oil and gas industry, Trinidad and Tobago has done nothing to conceal its intention to take advantage of what it clearly sees as significant investment opportunities arising out of the various services that it is positioned to provide given its own considerable experience in and knowledge of the industry.

As Guyana prepares for the production of 750,000 barrels of oil per day by 2025, some New York-based Guyanese have indicated their intentions of returning home to benefit from the oil boom and even invest in the sector. 

Six Guyanese are now ISO certified hydraulic excavator operators after completing a three-week ISO course in Suriname.

A new full service freight forwarder, logistics and consolidation company, Cargo Consolidators Agency Guyana Inc. (CCA Guyana Inc.) was launched on Friday evening.

Curse Defined as an expression of evil, misfortune or doom, many believe that curses are inexorable.

Local activist, Ramon Gaskin, last night called for support to challenge the legality of the Production Sharing Agreement (PSA) between the Government of Guyana and ExxonMobil affiliate Esso Exploration and Production Guyana Limited by way of judicial review.

In what will be seen as a cautionary tale for this country and its impending oil wealth, the IMF 2019 staff Report on Guyana has cited pitfalls from Trinidad and Tobago and Ghana to underline what can go wrong.

Oil companies operating in Guyana should allow regulatory authorities “unfettered” access to their operations, Environmental Protection Agency (EPA) Executive Director Dr Vincent Adams has said.

Nalco Champion’s provisional approval for operations at the John Fernandes Ltd (JFL) Water Street Terminal was too risky for client ExxonMobil, according to Country Manager Rod Henson.

President David Granger last evening, attended the 209th Independence Anniversary of the Republic of Chile at the Marriott Hotel and stronger ties with Santiago’s mining and petroleum sectors are on the agenda.

(This is the eighth of a series of articles by Transparency Institute of Guyana Inc on the Production Sharing Agreement signed between the Government of Guyana and Esso Exploration and Production Guyana Limited, a subsidiary of ExxonMobil.)

Commending government’s efforts to develop an oil spill response plan as the country is poised to become one of the most active offshore oil exploration and production (E&P) centres in the region, a United States (U.S.)

Director, Department of Energy, Dr. Mark Bynoe, yesterday, announced that UK-based Tullow Oil plc’s (Tullow) Joe-1 exploration well has discovered a new Upper Tertiary oil play in the Guyana basin.