News

Guyana’s head of state, Dr. Irfaan Ali recently appealed to the regional private sector to form a consortium capable of devising a proposal for the African Export-Import Bank (Afreximbank) that addresses failures in the regional transport system. The Guyanese...

Guyana has narrowed down the list of potential partners for its crude marketing contract, selecting three contenders from a pool of 25 bidders. The country's Vice President, Dr. Bharrat Jagdeo, provided insights into the ongoing selection process and the...

Italian supermajor Eni S.p.a, in partnership with Ratio Energies and Dana Petroleum, was recently awarded six licenses to explore for gas offshore Israel. According to Israel’s Ministry of Energy and Infrastructure, the trio won six licenses for blocks in Zone...

Deodat Indar, who serves as Minister within the Ministry of Public Works in Guyana, is set to address members of the Georgetown Chamber of Commerce and Industry (GCCI) on the operations of the Guyana Power and Light (GPL). The...

As Guyana looks to monetize its gas resources, now estimated to be around 17 trillion cubic feet, the government has released a “discussion paper” for citizens to review and provide input. This will form the basis for finalization of...

President of Guyana, Dr. Mohamed Irfaan Ali, announced Monday, October 30, that a local content development fund will be established as a means of helping businesses to find start-up capital to compete in industries, such as the oil and...

The International Court of Justice, otherwise called the World Court, has scheduled public hearings for Tuesday, November 14, 2023, at the Peace Palace in The Hague, the seat of the Court.  The overarching case under contention is the question of...

In dialogue at the AfriCaribbean Trade and Investment Forum held in Georgetown, Guyana, NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), urged Guyana to fully produce its hydrocarbon resources. The context of his comment was a...

Guyana’s Vice President, Bharrat Jagdeo has made it clear that the country will refrain from responding to the aggressive posturing of top Venezuelan government officials.  “We are not going to be responding on a daily basis to jingoism…the belligerent language...

As TotalEnergies prepares for its inaugural offshore development venture in Suriname, the competition intensifies between SBM Offshore and MODEC to secure the contract for the project's 200,000 barrels-per-day production vessel. In anticipation of the bidding process, both contractors have initiated...