Guyana FPSO Contract Awarded to Chinese Contractor

Bomesc (Beijing Oriental Marine Exploration & Construction) has secured contracts worth up to US$240 million to supply topsides modules for a future FPSO (Floating Production, Storage and Offloading) unit. The contracts involve Bomesc working under Modec subsidiaries in conjunction with ABB (Asea Brown Boveri) and VWS (Vestas Wind Systems). Bomesc’s participation will focus on delivering […]

Oko Gold Project a go For Altair Mining Company

In what could be a landmark transaction in Guyanese mining, Altair Minerals Ltd has completed the acquisition of the Greater Oko Project, consolidating fragmented exploration blocks into one near-contiguous land package. The company and its backers tout this move as positioning Altair at the front door of what might be the region’s “last El Dorado.” […]

“It would appear that OGGN perhaps misled the senators” -Routledge on Exxon’s tax credit allegations

President of ExxonMobil Guyana Limited (EMGL), Alistair Routledge, has suggested that U.S. Senators may have been misled by the Oil and Gas Governance Network (OGGN) regarding claims that American taxpayers are subsidising ExxonMobil’s operations in Guyana. Routledge made the statement during a media conference at the company’s new Ogle, East Coast Demerara headquarters, while addressing […]

GCAA launches e-services platform for aircraft landing permits

The Guyana Civil Aviation Authority (GCAA) on Monday unveiled its new Aircraft Landing Permit e-Services Portal a major leap toward modernizing Guyana’s aviation administration. The launch ceremony, held at the GCAA’s Kingston headquarters, was attended by Minister of Public Utilities and Aviation Deodat Indar, National Security Advisor Captain Gerry Gouveia, GCAA Director General Lt. Col. […]

Oil Giant ExxonMobil Denies Fraudulent Tax Involvement

ExxonMobil Guyana has publicly rebutted assertions that it has benefited from U.S. foreign tax credits tied to its operations in Guyana, with the company’s local president accusing U.S. senators of being misled by outside groups. The controversy emerged after three U.S. lawmakers—Senators Sheldon Whitehouse, Jeff Merkley and Chris Van Hollen—sent a letter to ExxonMobil’s global […]