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With oil demand increasing, Guyana will not sit on its hands while Saudi Arabia, USA keep on pumping – Vice President

Guyana’s Vice President, Dr. Bharrat Jagdeo believes it would be unwise for the South American country to scale back oil and gas exploration and production while nations such as Norway, Saudi Arabia and the USA continue to feed the...

Draft Local Content Law: Guyanese suppliers to benefit from 152 oil sector services

The Government of Guyana is already in the advanced stages of completing its draft Local Content Legislation which outlines a sliding scale of targets to be achieved by petroleum companies and their subcontractors. The document proposes that Guyanese should be...

GYSBI to begin filling 150 positions by month-end – Liaison Officer

Government Liaison Officer for the Guyana Shore Base Incorporated (GYSBI), Rabin Chandrapal, has disclosed that the hiring of locals will begin as soon as month-end following the conclusion of the company’s last career fair on October 16. As a local...

10 solar farms underway for Guyana’s clean energy agenda

Guyana has galvanized funding from various sources to finance the construction of 10 solar farms across the country, in keeping with the government’s plan to diversify its energy mix. Using part of the proceeds from an Inter-American Development Bank (IADB)...

CNOOC sponsors 18 scholarships to upskill Guyanese in energy sector

Given that the aim of the University of Guyana’s (UG) Institute for Energy Diplomacy (UGIED) is to deliver energy upskilling in line with local content requirements, CNOOC Petroleum Guyana (CPGL) is funding 18 scholarships for Professional Executive Energy Training. The...

Investigation launched into former Finance Minister’s handling of US$18M signing bonus

The actions of ex-Finance Minister Winston Jordan regarding the APNU+AFC government’s handling of the US$18 million signing bonus from ExxonMobil in 2016 is up for investigation according to Guyana’s Attorney General (AG) and Minister of Legal Affairs, Anil Nandlall,...

Umbrella business group wants to be included on transparency forum

The Private Sector Commission (PSC), Guyana’s largest umbrella organisation representing businesses across the country said it is disappointed that it was not included in the Guyana Extractive Industries Transparency Initiative (GYEITI) Multi-Stakeholder Group (MSG). In a letter seen by OilNOW,...

Guyana’s 3rd oil production vessel enters dry dock in Singapore

The massive hull for the Prosperity floating production storage and offloading (FPSO) vessel has entered drydock at the Keppel Shipyard in Singapore, SBM Offshore announced on Wednesday. The Prosperity is Guyana’s 3rd FPSO and will follow the Liza Unity which is...

Guyana pledges to achieve 70% emissions reduction by 2027 in revised NDCs

Guyana’s Vice President, Dr. Bharrat Jagdeo announced on Monday that Guyana’s Nationally Determined Contributions (NDCs) has been revised to take on a more realistic ambition. Instead of the previously stated goal to achieve 100 percent renewable energy by 2025,...

U.S. looking forward to finalised local content policy, wealth fund legislation – Ambassador Lynch

The Government of the United States of America is looking forward to the finalisation of Guyana’s Local Content Policy, as well as amendments to the legislation on which the country’s Natural Resources Fund (NRF) has been established. This is...

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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...