Open bidding process for the awarding of new oil blocks – President Ali
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. President Ali was responding to questions from the media […]
Guyanese entitled to know how much is being earned from oil: non-disclosure will be punished – President
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-disclosure of proceeds from the sector. In this regard, legislation will […]
Revised MoU signed between GNBS and GEA to ensure reliable measurements in local petroleum industry
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 Roopchand, Permanent Secretary of the Ministry of Tourism. Industry and […]
Capacity being built to monitor and verify reports on Exxon’s costs, emissions – Vice President
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 regard, the official noted that efforts are being […]
Draft agreement for Payara development under discussion – Vickram Bharrat
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 government in Guyana had engaged a team headed by former Premier of […]
Guyana Civil Aviation Authority issues new directive for operators of helipads/helidecks
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 and ICAO Document 9261 ‘Heliport Manual’. The directive was published in the Official Gazette of August 22, […]
Local content legislation for Guyana Parliament by year-end
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 petroleum resources. “We are moving swiftly. […]
Govt putting Guyanese first with new oil and gas legislations
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 promise outlined in its manifesto and a subject championed on the […]
Petroleum Commission to be established
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 only focus on the policy inputs and directions. This is according to Dr. […]
Team of international experts reviewing Payara contract
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 like to highlight the following facts relating to the review. The […]