News

The Private Sector Commission (PSC) on Thursday hosted a forum to solicit feedback from its members on the strengths and weaknesses of the Local Act of Guyana, which is poised for its first periodic review. The event was held at...

Saipem said it has been awarded new offshore drilling contracts; three in the Middle East and two in West Africa. It is now able to focus exclusively on offshore work, after closing the sale of its onshore business to KCA Deutag...

Vowing to put systems in place to prevent what he called ‘fronting’ and ‘renting’ of citizens, Minister of Natural Resources, Vickram Bharrat, rebuked the practices as unfair to Guyanese who have stayed and worked in Guyana to make the country...

One hundred and fifty local suppliers in Guyana participated in a dual session on compliance held by SBM Offshore on Tuesday in Georgetown. The sessions, facilitated by the Centre for Local Business Development, are the most recent in a series...

Guyana’s Auditor General, Deodat Sharma, has found that the oil-producing country has adequate mechanisms in place to receive support from other countries should there be an unmitigated spill. Sharma made this commentary in a report following his performance audit of...

Having a Local Content Certificate not only demonstrates to regulators that you are a legitimate Guyanese company or joint venture in the oil and gas supply chain, but it also puts you in an advantageous position during the evaluation...

Global energy company, Hess Corporation, announced Wednesday that it has completed the sale of its 8.16% interest in the Waha Concession field in Libya. Hess said this was done in equal shares to TotalEnergies and ConocoPhillips. As a result of the...

With Russia choking its natural gas supply to dependent European countries, there is now a worldwide scramble to source power as a cold storm approaches fast. Some countries have returned to coal-fired power. Others have turned to unlikely sources to fill the...

Birthed from a recent meeting between Guyana President, Dr. Mohamed Irfaan Ali and former United Kingdom (UK) Prime Minister, Boris Johnson, the two English-speaking nations inked a partnership agreement, meant to bolster trade and investment relations, on Wednesday. Guyana's Minister...

Guyana’s Ministry of Foreign Affairs and International Cooperation named a 16-person team for upcoming hearings in the border case with Venezuela, to be held at the seat of the International Court of Justice (ICJ) headquarters, at the Peace Palace...