Oct 29, 2022
Kaieteur News – American oil giant, ExxonMobil Corporation yesterday announced that its third-quarter 2022 earnings was a record-shattering US$19.7 billion, or US$4.68 per share. This was also a significant increase over its earnings in the previous quarter which totaled a whopping US$17.9B. It said third-quarter results included US$1B in earnings from divestments of assets in...
Oct 28, 2022
Kaieteur News – ExxonMobil Corporation’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) disclosed yesterday that two discoveries were recorded at the Sailfin-1 and Yarrow-1 wells in the Stabroek block, adding to its already extensive portfolio of development opportunities. EEPGL said the Sailfin-1 well encountered approximately 312 feet (95 meters) of hydrocarbon-bearing sandstone and was...
Oct 27, 2022
– company to sell 9 million barrels from Stabroek Block by December Kaieteur News – American oil explorer and producer, Hess Corporation, reported yesterday that it earned a net income of US$515 million, or US$1.67 per common share, in the third quarter of 2022. This is a significant increase when compared with a net income...
Oct 22, 2022
Kaieteur News – Minister of Natural Resources, Vickram Bharrat recently signed the Local Content Master Plans of 11 companies providing services to Guyana’s rapidly expanding petroleum sector. The October 19 signing took place at the Office of the Minister on Duke Street, Georgetown. Minister Bharrat with the Director of the Local Content Secretariat, Mr Martin...
Oct 21, 2022
Kaieteur News – Guyana Shore Base Inc. (GYSBI) and its sister company, Sustainable Environmental Solutions (SES), on Wednesday, received their Local Content Master Plan Approvals from the Local Content Secretariat, Ministry of Natural Resources. Deputy General Manager of Guyana Shore Base Inc, Rabin Chandarpal, receives the Local Content Master Plan Approval from Minister of Natural...
Oct 21, 2022
City Magistrate Leron Daly on Friday released the Head of Ramps Logistics Shaun Rampersad on $500,000 bail for ten charges of false declarations made over the past two years to the Guyana Revenue Authority (GRA). Rampersaud, whose stated address is Windsor Estates, East Bank Demerara, pleaded not guilty to the charges; he was represented by...
Oct 18, 2022
…wants state-of-the-art recreational facilities Kaieteur News – Dutch ship builder, SBM Offshore is making moves to deepen its Guyanese roots as it recently issued a Request for Information (RFI) from qualified companies to develop a gated community and recreational facility for its employees. SBM issued the RFI on behalf of its subsidiary, Guyana Deep Water...
Oct 16, 2022
Just over a dozen citizens on Friday picketed the Environmental Protection Agency (EPA) over its non-response to a letter raising several concerns with its handling of the oil and gas sector. The letter, signed by 54 citizens and dispatched to both the EPA and Environmental Assessment Board (EAB) on August 29, called for the bodies...
Oct 15, 2022
By Davina Bagot Kaieteur News – A group of public-spirited citizens on Friday joined forces to picket the Environmental Protection Agency (EPA’s), Ganges Street, Georgetown Head Office after the body, which is mandated by law to protect the environment and its inhabitants, failed to respond to a letter which embodied the concerns of over 50...
Oct 15, 2022
OIL SERIES PT 9 By Kiana Wilburg Kaieteur News – According to Guyana’s Local Content Legislation, officials attached to the Local Content Secretariat or a representative of that body can have unrestricted access to a contractor, subcontractor or licensee’s facilities, records, reports, documents, data, and information. Such access is allowed for the purposes of monitoring,...
