15 Apr 2024
Executive Summary
IHS Markit (IHSM) has been engaged by the Government of Guyana (GoG) to independently audit the cost recovery claim submission by Esso Exploration and Production Limited (EEPGL) for the period between 1999 and 2017 within the Stabroek Contract Area that amounts to a total of $1,…
12 Apr 2024
Introduction and BackgroundOn June 27, 2016, the Government of the Cooperative Republic of Guyana (GoG) entered into thePetroleum Agreement with Esso Exploration and Production Guyana Limited (EEPGL), CNOOCNexen Petroleum Guyana Limited, and Hess Guyana Exploration Limited for the purposes ofpetrole…
16 Jul 2021
Candacie Brower-Thompson, EPA’s Senior Environmental Officer, addressing members of the public at a scoping meeting on July 9 for Guyana’s proposed gas-to-energy project. (Photo Courtesy OilNow)
(OilNow) As public scoping meetings continue in Guyana ahead of the Environmental Impact Assessment (E…
08 Jun 2021
Guyana’s Minister of Natural Resources, Vickram Bharrat has revealed that the Government is moving to create a beneficial ownership register.
This was disclosed during his address to Guyana Extractive Industry Transparency Week (GYEITW) on Monday. Mr. Bharrat told the virtual participants that th…
31 May 2021
A tag being placed on the Liza Destiny FPSO fuel meter by the Guyana National Bureau of Standards. The tag protects and maintains the integrity of the system.
Guyana’s multi-billion-barrel hydrocarbon discoveries and the start of oil production operations have seen institutions playing being trai…
22 May 2021
Vice President, Hon. Dr. Bharrat Jagdeo
Vice President, Hon. Dr. Bharrat Jagdeo today said the Government expects to rake in about US$1.3 million in fees from ExxonMobil for excess flaring.
This was revealed during a press conference at the Arthur Chung Conference Centre, on Thursday.
…
13 May 2021
The Environmental Protection Agency (EPA) wishes to advise that the Environmental Permit for the Liza 1 Development Project, Offshore Guyana, was recalled and modified to include specific regulatory requirements for flaring of associated gas offshore Guyana, in accordance with the EPA’s legislation.…
12 May 2021
Esso Exploration and Production Guyana Limited (EEPGL)has submitted an Application to the Environmental Protection Agency (EPA) for Environmental Authorisation to undertake the following project:
Yellowtail Development Project of Production Facilities for Petroleum Production within the…
19 Apr 2021
President Dr. Mohamed Irfaan Ali (Photo Courtesy DPI)
– Says Government may consider managing some blocks
His Excellency Dr Irfaan Ali said that when the Government is ready to award new oil blocks, the process will be done transparently to ensure that the best offer is received.
Pres…
12 Feb 2021
H.E Dr Irfan Ali, President of Guyana
In keeping with its commitment to ensure that all revenues from Guyana’s multi-billion-barrel oil resources are accounted for, President Irfaan Ali said on Thursday his government is now moving to introduce legislation that would severely punish the non-dis…
11 Feb 2021
GNBS Inspector Verifying Fuel Tanker Wagon Compartment (Photo creditDPI)
(DPI) The Guyana National Bureau of Standards (GNBS) recently revised and fortified a memorandum of understanding (MOU) it signed with the Guyana Energy Agency (GEA) in 2014. The revised MOU, which was signed by Ms. Sharon R…
09 Feb 2021
Bharrat Jagdeo, Vice President of Guyana
Guyana’s Vice President, Dr. Bharrat Jagdeo reiterated yesterday that the government has every intention of ensuring the oil sector is not only led by locals but properly monitored as he noted that capacity building is underway to achieve same. In this reg…
03 Sep 2020
Vickram Bharrat, Guyana’s Minister of Natural Resources. (OilNow Photo)
(OilNow) A draft agreement for the Payara development has been formulated and will be discussed today by a high-level team comprising individuals from ExxonMobil and the Department of Energy.
In August, the newly elected g…
25 Aug 2020
Helicopter Landing on HeliDeck
(Oil Now) The Guyana Civil Aviation Authority (GCAA) has issued a new directive mandating all operators of helidecks/heliports/helipads to be subject to approvals in accordance with the International Civil Aviation Organization (ICAO) Annex 14, Volume II a…
22 Aug 2020
Welding
(Oil Now) Draft local content legislation should be ready for Parliament by the end of the year in South America’s newest oil producing nation – Guyana – where the recently installed government has been advocating for more benefits for the country and its people from the vast offshore pet…
21 Aug 2020
Vice President of the Cooperative Republic of Guyana, Hon Dr. Bharrat Jagdeo
(DPI) The People’s Progressive Party Civic (PPP/C) Government will be moving ahead with legislations in the 12th Parliament that will see Guyanese benefitting holistically from the oil and gas sector.
Honoring a promi…
15 Aug 2020
Vice-President, Bharrat Jagdeo
— Jagdeo says all Guyanese must benefit from oil wealth
By Rabindra Rooplall
GOVERNMENT will establish an Oil and Gas Commission, and an Advisory Committee that will be managed by technically-competent Guyanese, while the Minister of Natural Resources will onl…
15 Aug 2020
Oil Ship offshore Guyana
– Aims to ensure the interests of all Guyanese are protected
The Ministry of Natural Resources recently announced the review of the Esso Exploration and Production Guyana Limited’s (EEPGL) Payara contract and, in the interest of transparency and accountability, would l…