News

US Secretary of State Antony Blinken highlighted Guyana's remarkable achievements in responsibly utilising fossil fuels while prioritising environmental protection. He emphasized that the country's efforts serve as an example for others. Blinken stated, "Now, Guyana will soon be the highest...

London is set to host the inaugural Guyana Diaspora Sustainability & Investment Conference (GDSIC) on October 3-4, 2023. The conference, to be held at the prestigious Church House Westminster, will bring together influential figures and business leaders to explore...

ExxonMobil has indicated a significant decline in operating profits for the second quarter, as per a regulatory filing. The operating earnings fell to approximately US$7.8 billion compared to US$17.85 billion in the same period last year. The previous year's...

PETRONAS Suriname E&P B.V. has recently awarded a significant contract to Noble Drilling which involves the deployment of the semisubmersible deepwater rig, Noble Discoverer, to drill an exploration well in Block 52, located offshore Suriname. This announcement follows the...

Gas remains key to ExxonMobil’s development agenda as seen by the company’s acceleration of two major pipeline projects in the South American region.  Over in Argentina, Exxon recently commenced the engineering study phase for the development of a new pipeline...

In an engaging Oxford-style debate, two prominent voices in Guyana; Elson Lowe and Joel Bhagwandin, engaged in a thought-provoking discussion on the premise - "Guyana is not on the right development path, given its newfound oil resources." The event,...

Locals looking to find jobs in Guyana’s oil sector will have an opportunity as the Guyana Shore Base Inc (GYSBI) is set to host a career fair on July 9.  The event will take place at the West Demerara Secondary...

Guyana’s Environmental Protection Agency (EPA) has granted approval for a 35-well exploration and appraisal campaign at the ExxonMobil-operated Stabroek Block.  Approval was granted after the Environmental Assessment Board reviewed and declared the Environmental Impact Statement and Environmental Impact Assessment submitted...

Fifteen teams in Guyana are set to compete in the 2023 Innovation Challenge organized by the Office of the Prime Minister's Industry and Innovation Unit. The challenge, launched on Tuesday by Minister of Public Affairs, Kwame McCoy, is being...

Data from Norway’s Rystad Energy lists Venezuela as one of the worst polluting oil producing countries in the world, based on emission intensity.  Rystad Energy compared producers from OPEC and Non-OPEC countries; Venezuela ranked the highest with 98 kilograms of...