Press Release
Browse Official Press Releases from the Department of Energy, Ministry of Natural Resources
Final Local Content Report submitted to Natural Resources Minister
- Understanding the critical nature of the review of policy initiatives on local content in the petroleum sector, the Local Content Panel has submitted the final report for the development of Guyana’s Local Content Policy and Legislation.
Read MoreStatement by the Minister of Natural Resources Hon. Vickram Bharrat, M.P., on Guyana’s 18th Offshore Oil Discovery at the Redtail-1 exploration well
- The Government of Guyana welcomes the Redtail discovery and remains committed to the development of Guyana’s Oil and Gas Resources. This discovery comes in wake of our County’s Budget for the year 2020 and complements the number of progressive measures announced by His Excellency Dr. Irfaan Ali…
Read MoreNew tender for marketing of oil launched
- The PPP/C government has scrapped the shortlist of 19 companies that had submitted proposals to sell Guyana’s portion of oil from the Liza-1 well and yesterday launched a new Request For Proposals (RFP).
Read MoreEvaluation of Bayphase Payara review extended
- The Government has agreed to an extension of a few days for the consultants evaluating the review done by British firm Bayphase Limited on the Payara project Field Development Plan (FDP).
Read MoreNatural Resources Minister, British High Commissioner discuss O&G partnerships
- Minister of Natural Resources Vickram Bharrat on Wednesday met with British High Commissioner to Guyana, Greg Quinn, where they discussed a number of areas of collaboration including oil and gas.
Read MoreTeam of international experts reviewing Payara contract
- The current review has been undertaken by the Energy Department for more than seven months. The Department contracted Bayphase Oil and Gas Consultants at a sum of US$386,830 which commenced in December 27, 2019. There was a first contract extension (no cost) to July 27, 2020 and a second…
Read MoreMinister Bharrat advances process to review Payara Contract
- Minister Bharrat, on Saturday, met with the independent Canadian Consultant, along with the heads of relevant agencies; including Dr. Mark Bynoe – Department of Energy, Dr. Vincent Adams, the Environmental Protection Agency (EPA), and Mr. Newell Dennison of the Guyana Geology and Mines…
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