Update on Status of Stabroek Block Cost Recovery and Verification of Profit Oil Audits
Update on Status of Stabroek Block Cost Recovery and Verification of Profit Oil Audits The Ministry of Natural Resources wishes to provide the public with an update on the status of three audits of Stabroek Block expenses. These audits were contracted by the Government of Guyana as part of its cost recovery verification process, which […]
Gov’t extends Guyana 2022 Licensing Round schedule
MEDIA STATEMENTGov’t extends Guyana 2022 Licensing Round schedule Kingston, Georgetown, Guyana (July 26, 2023) The Ministry of Natural Resources, on behalf of the Government of Guyana, is pleased to announce the extension of the Guyana 2022 Licensing Round’s bid submission deadline to Tuesday, 12th September 2023. The government’s continuous efforts to streamline and improve the […]
Natural Resource Fund and Public Accountability and Oversight Committee 2022 Annual Reports
Natural Resource Fund and Public Accountability and Oversight Committee 2022 Annual Reports The 2022 annual reports for the Natural Resource Fund and the Public Accountability and Oversight Committee have been published. To access the documents, select the respective links below. Natural Resource Fund 2022 Annual Report Public Accountability and Oversight Committee 2022 Annual Report
Guyana National Bureau of Standards – Adoption of Standards
Guyana National Bureau of Standards – Adoption of Standards The Guyana National Bureau of Standards (GNBS) would like to notify the public that the following standards are intended to be adopted as national standards and the public is asked to submit any objection(s): ISO 29001:2020 Petroleum, petrochemical and natural gas industries – sector-specific quality management […]
FPSO Liza Unity to arrive in Guyana by year end –Minister Bharrat
Minister of Natural Resources, Hon. Vickram Bharrat says the Liza Unity Floating Production, Storage and Offloading (FPSO) vessel will arrive in Guyana by year end. He made this announcement on Saturday at Cara Lodge during a dedication ceremony for the vessel. First Lady, Mrs. Arya Ali was named ‘Godmother’ of the vessel at the ceremony. […]
Guyana oil minister calls on investors to work with locals
(OIlNow) To ensure all stakeholders benefit from Guyana’s lucrative oil and gas sector, Minister of Natural Resources, Vickram Bharrat urged current and prospective investors to work with locals on their projects. He made this call during his brief remarks at the opening ceremony of Saipem Guyana’s Offshore Construction Facility on Saturday. The Minister said the […]
Locals must actively pursue opportunities in oil sector
-says Dr. Singh Senior Minister in the Office of the President with responsibility for Finance, Hon. Dr. Ashni Singh says local business people and companies must actively seek opportunities to penetrate and benefit from the oil and gas value chain. The Minister made this statement in his feature address at Tuesday evening’s launch of Sustainable […]
InFab to provide fabrication services for Prosperity FPSO
─ significant milestone for local companies (DPI) For the first time, a local company will be offering fabrication services for a Floating Production Storage and Offloading (FPSO) vessel. Industrial Fabrication Incorporated (InFab), will be providing the services for the vessel, which is being constructed to produce oil offshore Guyana in the Payara Field. On Tuesday […]
Guyana pushing Sustainable Supply Chain Management policy
(Oil Now) Guyana’s local content policy, which is currently being revised, will require oil industry operators to adopt Sustainable Supply Chain Management (SSCM) practices, and a planned Local Content Secretariat will coordinate all related activities at a national level. Giving the background for this development, Guyana’s Minister of Natural Resources Vickram Bharrat said on February […]
Oil revenues will be spent on improving the livelihoods of Guyanese
“The oil resource belongs to the people of Guyana. We will ensure that oil revenue works for all Guyanese, and is spent on improving people’s lives and in support of job creation,” Minister of Public Works, Hon. Bishop Juan Edghill Minister Edghill made these statements in his Budget presentation[AS1] on Wednesday for the remaining fiscal […]