The Government of Guyana has announced in it’s 2019 annual budget allocation, its plan to transition the Oil and Gas sector in Guyana. This plan will receive much-needed support from the Inter-American Development Bank IDB approved US$11.6 Millon to transform the sector. According to an IDB press release yesterday, this is a policy-based loan that is
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Energy Department prepping for Guyana oil bonanza
Guyana’s newly established Department of Energy (DoE) is currently looking at a series of capacity building initiatives that will allow it to better meet its’ objectives in the country’s emerging oil and gas sector. Since 2015, US oil major ExxonMobil has found more than 4 billion barrels of recoverable oil off Guyana’s coast. Multiple