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Extractive Industry

New oil equivalent estimate at more than 6 billion barrels in Stabroek Block

Hess Corporation, a partner with ExxonMobil Guyana, on Wednesday upped the amount of hydrocarbon discovered offshore this northeastern South American country to 6 billion barrels of oil equivalent (BOE). “In Guyana, we have just increased the estimate of gross discovered recoverable resources for the Stabroek Block to more than 6 billion barrels of oil equivalent and continue to see multi-billion ...

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Guyana Goldfields workers call off strike

Guyana Goldfields Inc. announced Friday that the work stoppage at its Aurora mine that began on July 2 has ended, paving the way for union and the Ministry of Labour representatives to meet with aggrieved workers. “Employees are starting to return to work in a phased approach to ensure orderliness and full production is anticipated to resume shortly,” the company ...

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Industrial unrest at Aurora Gold Mines

Gold mining operations at Aurora Gold Mines in the Cuyuni River have been affected as several Guyanese workers who are upset that they stand to lose their jobs to foreign contracting companies aimed at reducing the cost of operations staged a protest, sources said Tuesday night. Early indications are that at least 70 workers initially downed tools in protest over ...

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Canadian business chamber to open doors in Guyana amid oil, gold rush

Canada on Monday announced plans to established a business chamber in Guyana, as several Canadian companies step up preparations to search for oil offshore the South American nation. Canada’s High Commissioner to Guyana, Lilian Chatterjee made the announcement at a reception at the Marriott Hotel to mark her country’s 152nd anniversary since three provinces came together to form that North ...

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First Lady commissions ExxonMobil’s first FPSO for Guyana

First Lady Sandra Granger on Saturday commissioned the ‘Liza Destiny’, the first in a series of Floating Production Storage and Offloading (FPSO) vessels for ExxonMobil Guyana at the Keppel Shipyard in Singapore. The vessel will depart Singapore in July and is expected to arrive in Guyana in September to prepare for the commencement of oil production for the Liza Phase ...

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Ghana to help Guyana’s energy sector

Ghana’s President, Nana Akufo-Addo has agreed that his country would help Guyana’s energy sector, Director-General of the Ministry of the Presidency, Joseph Harmon said. Briefing the media after Akufo Addo was conferred with Guyana’s national award, the Order of Excellence by President David Granger, Harmon said the technical assistance cooperation would be provided free of cost. “This is very important ...

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‘No oil blocks investigator contacted me’; probe will prove deals above board – Former Natural Resources Minister

Former Minister of Natural Resources, Robert Persaud on Sunday said no government investigator has questioned him concerning the issuance of oil concessions and he and members of the then People’s Progressive Party Civic (PPPC) administration were not worried about an independent probe. Officials of the State Assets Recovery Agency (SARA) less than one month ago caused quite a stir locally ...

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Occupational safety visits to Guyana offshore drill-ships too costly for Labour Department to conduct

The Labour Department cannot afford the money to inspect oil exploration vessels offshore Guyana to ensure they are complying with the country’s occupational safety and health laws, Labour Department Consultant Francis Carryl said Friday. “When we can afford to go out there, we will go to see exactly what is happening and I doubt whether we can go more than ...

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