News

As it continues to weigh the pros and cons of having passive ownership in a National Oil Company (NOC), the Guyana Government has said any potential partner it chooses to manage the facility would need to have “deep pockets”...

While it has applauded the Guyana Government for its prudent review and amendment of the Natural Resource Fund Legislation, thereby making it more effective and transparent, the International Monetary Fund (IMF) has urged local authorities to be mindful of...

History has shown that many oil-producing states often see an increase in corruption with the onset of oil and gas production. Angola, Nigeria, and Uganda are examples of this. In light of this risk, the International Monetary Fund (IMF)...

The International Monetary Fund (IMF) has thrown its support behind Guyana’s plans to bring down electricity costs, which include the implementation of the transformative gas-to-energy project. The initiative will see the construction and operation of a pipeline from the Liza...

Vice President Dr. Bharrat Jagdeo said during a recent press conference that Guyana’s expanded Low Carbon Development Strategy (LCDS) 2030 will set aside 15% of all funds earned through the conservation of its lush forests, to be used for the advancement...

Trinidad and Tobago’s deepwater auction concluded on the final day of the Trinidad and Tobago Energy Conference, Thursday. Companies showed little interest, submitting bids for just four of 17 blocks. Information received from the Energy Chamber of Trinidad and Tobago indicates...

The Centre for Local Business Development (CLBD) has been making strides over the years to grow with Guyana's nascent oil and gas sector and now, the Centre has been ISO 9001:2015 certified. The Centre's journey to ISO 9001 began back...

The International Monetary Fund (IMF) noted on Friday that Guyana’s medium-term prospects are “more favorable than ever before,” given its increasing oil production and the fact that it holds the potential to greatly transform the nation’s economy. This was specifically...

The Food and Agriculture Organisation (FAO) of the United Nations has found no correlation between the oil and gas activities offshore Guyana and low catches that are sometimes experienced by local fisherfolk. In fact, FAO has found that while the oil...

Along with a comprehensive review of its tax system, bid rounds for 17 deep water blocks, and the pursuit of gas exploration in cross border acreage to attract deep-pocket investors; the Government of Trinidad and Tobago says it is...