Bill to amend NRF withdrawals rules, raise debt ceiling tabled at National Assembly
Amidst the 2024 National Budget debates, the Fiscal Enactments (Amendment) Bill 2024 was presented to the National Assembly as the second bill of the year, by the Senior Minister with…
Model Production Sharing Agreement for Deepwater Areas published
The Model Production Sharing Agreement for Deepwater Areas was published on January 26, 2024, under the Petroleum Management Program (PMP) of the Ministry of Natural Resources. The Program aims to…
Payara Field Launch Elevates Guyana to New Oil Production Heights
ExxonMobil has announced that it has commenced production at the Payara Field. The Payara Field is the third significant offshore development in the Stabroek Block. The Prosperity floating, production, storage,…
Vice President elucidates government’s resolve on Gas Monetization
In a pivotal revelation, Vice President Dr. Bharrat Jagdeo unequivocally accentuated the government’s definitive position on the monetization of ExxonMobil’s gas discoveries. “We’ve made it clear, we want to monetize…