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Extractive Industry

Civil society should craft own oil and gas elections manifesto for political parties to endorse

Civil Society is being encouraged to formulate its own oil and gas manifesto for the upcoming general elections and give to the political parties to implement. This idea is being floated by the Policy Forum Guyana, an organisation that focuses on accountability and transparency issues related to natural resources, climate change and extractive industries. The role of civil society was ...

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Guyana Goldfields appoints new CEO in hope for turnaround

Poor-performing Guyana Goldfields Inc. has appointed a new President and Chief Executive Officer who it says has a track-record of turning around companies. Mr. Alan Pangbourne will assume duties from January 1. A company statement says Allen Palmiere, who was appointed interim Chief Executive Officer, will continue as a director of the company. Guyana Goldfields notes that Mr. Pangbourne brings ...

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Cash-strapped Troy Resources gold mining company fires hundreds of workers in Guyana

Financially-crippled by six weeks of closure that government had ordered following the death of a geologist in a mining pit, the Australian gold mining company, Troy Resources Limited, on Monday said it would send home almost 400 workers in Guyana. In an internal one-page memorandum seen by News-Talk Radio Guyana 103.1 FM/Demerara Waves Online News, the company told employees that ...

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Tullow shares fall most in 21 years on Guyana oil-quality concern

Reproduced from Bloomberg Tullow Oil Plc fell the most in two decades in London trading after saying it’s reassessing the commercial viability of discoveries in Guyana. The stock sank as much as 23% on the news that crude from two wells in the South American country was found to be heavy, with a high sulfur content. That’s disappointing to shareholders ...

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Amna Ally lifts Keith Scott’s cease order to Troy Resources as workers remain off the job

Under apparent pressure by hundreds of workers angered at being temporarily laid off and paid half of their salaries, Senior Labour Minister Amna Ally has intervened and withdrawn a letter by her Junior, Keith Scott, that had instructed Troy Resources Limited to cease all operations because of safety concerns uncovered by an inspector at two additional gold mining pits. “I, ...

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France-headquartered company wins multimillion dollar seawater treatment contract in Guyana

Veolia Water Technologies, through its subsidiary VWS Westgarth Ltd, says it has been awarded a multi-million dollar contract by SBM Offshore for the supply of a seawater treatment package for the Liza Unity FPSO, located in the Stabroek block offshore Guyana. The award is for the design and procurement of equipment with construction technical assistance for a seawater treatment plant ...

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One dead at Australian-owned gold mining pit accident in Guyana

A man died early Tuesday morning in an accident at an Australia-owned Troy Resources Guyana Inc gold mining pit, Minister of Natural Resources, Raphael Trotman said. Sources identify the dead man as Ryan Taylor. He worked in the geology section of Troy Resources. The company said early indications are that the incident occurred at 2:25 am on the night shift ...

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Nalco Champion reiterates commitment to Guyana’s oil and gas development

Nalco Champion Guyana, Inc. on Monday reinforced its commitment to Guyana and continuing with its long-term plans of establishing a product storage facility in the country.  Last week, Nalco Champion received an Interim Environmental Authorization from the Environmental Protection Agency (EPA) to begin operations at the John Fernandes Ltd. Main Terminal on Water Street. However, the interim authorization came with ...

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