News

Guyana urged to ‘start training now’ for petrochemical and construction sectors

The Guyana Technical Training College Inc. (GTTCI) is preparing to expand its focus beyond offshore oil and gas to meet the skills needed for the country’s emerging petrochemical, refinery, and construction industries, according to its Director, Professor Clement Sankat. “I...

Training surge marks new chapter for Suriname’s oil & gas workforce

Suriname's National oil company, Staatsolie Maatschappij Suriname N.V., (Staatsolie) ramped up investment in workforce development in 2024 as the country prepares for its first major offshore oil development.  The company’s latest sustainability report, published in early October, details a flagship...

ExxonMobil could unlock $20 billion in Trinidad’s deepwater play – Rystad Energy

ExxonMobil’s latest offshore campaign in Trinidad and Tobago could yield over US$20 billion in new investment opportunities, according to an analysis published by Rystad Energy on November 6.  The firm said the U.S. oil major is targeting one of the...

GCCI aiming to push MSMEs toward global competitiveness at 2025 Business Development Forum

The Georgetown Chamber of Commerce and Industry (GCCI) will host its annual Business Development Forum (BDF) on November 13 and 14 at the Pegasus Suites and Corporate Centre, bringing together local, regional, and international stakeholders to strengthen Guyanese enterprises...

SBM Offshore Guyana deepens local supplier collaboration through annual Vendor Day

Local suppliers in Guyana’s oil and gas industry were given an opportunity to strengthen their participation in the sector through SBM Offshore Guyana’s annual Vendor Day, held this week at the Pegasus Suites.  The event brought together more than 50...

Eco Atlantic announces passing of Co-Founder and Chief Operating Officer Colin Kinley

Eco (Atlantic) Oil & Gas Ltd. has announced the sudden passing of its co-Founder and Chief Operating Officer, Colin Kinley, according to a press release issued by the company on November 8.  The Board and Company expressed deep sadness at...

Oil boom reshaping Guyana’s business landscape, says GCCI President

Georgetown Chamber of Commerce and Industry (GCCI) President Kathy Smith says Guyana’s oil industry is transforming the way local enterprises operate, pushing small and medium businesses to scale up, form partnerships, and think globally. “I’m seeing them as the winners,”...

Norway firm says Guyana key to S/America’s oil growth as FPSOs drive output surge

Offshore oilfields that have come online since 2020, and those expected to start up by 2030, will account for over 65% of South America’s conventional oil production, according to an analysis published by Norway-based Rystad Energy on November 6.  The...

QatarEnergy deepens presence in Suriname with stakes across six offshore blocks

QatarEnergy has expanded its exploration footprint in Suriname’s offshore basin to six blocks, following the signing of Production Sharing Contracts (PSCs) for Blocks 9 and 10. The agreements, secured during the POST SHO2 bid round, strengthen the company’s position...

New GCCI learning centre targets women entrepreneurs and agro-processing 

In late October, the Georgetown Chamber of Commerce and Industry (GCCI) launched its transformative Micro Women Entrepreneur Learning Centre, aiming to support and empower women across Guyana in growing their businesses through training, mentorship, and access to resources. The centre,...

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Tourism minister calls for cultural shift, stronger service standards to power Guyana’s next economic phase

Tourism, Industry, and Commerce Minister Susan Rodrigues has called for a national cultural transformation to align with Guyana’s rapid...