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The Yellowtail project will cost US$10 billion to develop, the Ministry of Natural Resources said, in a long-awaited announcement of its approval. This represents the largest investment ever made in the history of Guyana. The Liza Phases One and Two,...

The Environmental Protection Agency (EPA) disclosed on Friday that it gave approval ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) to move ahead with the Yellowtail Project. The regulatory body said an Environmental Permit was granted for a period...

Given the favourable economics of the ExxonMobil-led Stabroek Block projects, Guyana’s projected trend of historic Gross Domestic Production (GDP) growth per capita will very likely continue for years to come. To ensure this level of economic growth translates to...

While efforts continue towards the advancement of oil production operations at the Stabroek Block offshore Guyana, the government is also ensuring progress is made on the finalisation of the expanded Low Carbon Development Strategy (LCDS) 2030. In fact, Natural Resources...

Former Director of Economics at the Caribbean Development Bank, Dr. Justin Ram, said it has been observed in the past that the commercialization of mineral resources has not resulted in the kind of “broad-based” benefit across the Guyanese population,...

Authorities in Guyana simulated a tier two oil spill on Wednesday as it tested its national response mechanisms. A tier two response involves the mobilization of national and regional resources to respond – one notch above tier one, the...

Strategic Recruitment Solutions Inc. (SRSGY) has signed a Memorandum of Understanding with Specialists in Sustained Youth Development and Research Inc. (SSYDR), to offer SSYDR’s trained youth a 12 week on the job training opportunity. The agreement was signed on...

The giant Prosperity FPSO, Guyana’s third oil production vessel, has left dry dock and is moving to quayside for the subsequent phases of the project set to deliver another 220,000 barrels of oil per day to the new oil...

(CNN) U.S President Joe Biden on Thursday announced an unprecedented release of oil from US reserves and several steps his administration is taking to punish oil companies for not increasing production from unused leases on federal land. The steps are an...

Months after the conclusion of the United Nations Framework Convention on Climate Change (UNFCCC) 26th Conference of Parties in Scotland, Vice President Dr. Bharrat Jagdeo told Guyanese that the developed world has ignored the demands of the Caribbean Community (CARICOM),...