News

Months after local content targets were enshrined in new legislation, the Guyana government is looking to remove obstacles to achieving the Local Content Act’s purpose. In some instances, government considers the bundling of contracts to be one of those...

In the move to generate as much revenue as it can to adapt to the changing climate and mitigate against its effects, Guyana plans to gain as much value as possible from the sale of its forest carbon credits. Getting more revenue...

With a delegation of over 40 private sector and government representatives arrived in Georgetown from Saudi Arabia Saturday, the Kingdom is marketing itself to Guyana as a knowledgeable energy partner. Its Deputy Minister for Investors Outreach, Badr Al Badr, said...

Chief Executive of Hess Corporation, John Hess, said Guyana is on its way to becoming one of the world’s largest crude oil producers by 2027. He made the comment Friday during an event at State House in Georgetown. 2027 is...

Maersk Drilling recently reached another safety milestone. Its Maersk Resilient jack up rig went an entire year without lost time incidents. “Another safety milestone has been reached! As a true testament to #MaerskDrilling’s commitment to safety, #MaerskResilient surpassed 1 year without any lost time incidents,”...

Chief Executive Officer of Hess Corporation, John Hess will be plugging nearly US$32 million into a nationwide program to revolutionise public healthcare in Guyana. President Dr. Mohamed Irfaan Ali revealed this during a signing ceremony on Friday for the...

Guyana’s Low Carbon Development Strategy (LCDS) 2030 considers the implications of the changing climate on every sector, including public health. Government’s health policy under its LCDS 2030 was framed with certain learnings in mind. These include that climate change has...

Investors have already lined up to grab Suriname’s deepwater blocks when the auction opens later this year. But Staatsolie’s Offshore Vice President, Glenn Corrie is urging that attention also be paid to the shallow water auction set for 2023. That...

Following the culmination of the annual Heads of Government meeting of the Caribbean Community and Common Market (CARICOM) in Suriname, leaders issued a communique reiterating the regional body’s support for Guyana’s sovereignty and territorial integrity, as Venezuela persists with...

The global energy crisis has seen the re-emergence of Venezuela’s oil and gas industry, dragging the country out of more than a decade-long economic slump. A LatinFocus Consensus Forecast conducted by FocusEconomics sees the Spanish-speaking nation’s economy expanding by 9.8%...