Featured

Guyana government may appeal court ruling on Ramps local content certificate

The Guyana government said, shortly after issuing a Local Content Certificate to Ramps Logistics Guyana, that it is considering appealing the High Court ruling which compelled it to do so. A statement from the Ministry of Natural Resources said strong...

Ramps Logistics now certified as bona fide Guyanese company

Ramps Logistics Guyana has received its Local Content Certificate and is now displayed on the official register of Guyanese companies, on the website of the Local Content Secretariat. The certificate was issued for a one-year period, as stipulated by the...

Innovative research to achieve sustainable development in a resource abundant economy: minimising the resource curse

Dr. H Arlington D Chesney – OilNOW Properly conducted and managed innovative and proactive research, in Guyana’s recently attained resource abundant economy status, could result in the sustainable development of a plethora of commodities within its productive sectors, consequently, contributing...

US encouraging Guyana to join financial intelligence group, as support for O&G continues

When it comes to the management of the oil and gas sector and capacity building for economic growth, the United States is actively supporting Guyana on multiple fronts. This was highlighted by US Ambassador to Guyana, Sarah-Ann Lynch, during a...

Dutch company advancing construction of Brazil high-capacity floaters

Dutch floater specialist, SBM Offshore, says it is progressing well with the construction of three major floating production, storage and offloading (FPSO) vessels for Brazil. Despite the lingering economic impacts of COVID-19 which is still impacting the pace of work, SBM Offshore said FPSO Sepetiba’s integration and commissioning activities...

Noble Corporation nets US$34 million profit for 2022 third quarter

Noble Corporation Plc, which has four rigs operating offshore Guyana, reported US$33.59 million in earnings for the third quarter of 2022. This represented a significant improvement over the previous year where a net loss of US$23.67 million was recorded. The...

Is Guyana’s economy self-adjusting or in the early stages of Dutch disease?

Since the emergence of the oil industry in 2015, Guyana has experienced an almost cosmic shift in its revenue inflows. Today, the hydrocarbon sector accounts for more than 50% of Gross Domestic Product (GDP). Traditional sectors, like manufacturing, rice and...

Guyana, OPEC’s 3rd biggest oil producer furthering investment talks

Guyana’s Vice President, Dr. Bharrat Jagdeo, is currently in the United Arab Emirates (UAE)—the third biggest oil producer in the Organisation of Petroleum Exporting Countries (OPEC) after Saudi Arabia and Iraq—where he is engaging senior government officials and investors. OilNOW...

Guyana Shore Base supporting government’s oil and gas training programmes

The Guyana Shore Base Inc. (GYSBI) on Friday provided the Board of Industrial Training (BIT) with a financial contribution that will go towards the expansion and delivery of Technical and Vocational Education and Training (TVET). The cheque was received by the Minister of...

Guyana places LCDS 2030, food security agenda in COP27 spotlight

As it continues participation at COP27 in Sharm el Sheikh, Egypt, Guyana’s representatives are seizing every opportunity to spotlight the importance of a just energy transition and creating effective food security systems. Specifically, Minister of Natural Resources, Vickram Bharrat, who represented...

Latest News

Dominican Republic can help Guyana bridge gaps, place progress on par with developed world- Pres. Ali

Guyana's President, Dr. Irfaan Ali deemed the Dominican Republic a pivotal ally that can help his country bridge many...