News

While efforts continue towards the advancement of oil production operations at the Stabroek Block offshore Guyana, the government is also ensuring progress is made on the finalisation of the expanded Low Carbon Development Strategy (LCDS) 2030. In fact, Natural Resources...

Former Director of Economics at the Caribbean Development Bank, Dr. Justin Ram, said it has been observed in the past that the commercialization of mineral resources has not resulted in the kind of “broad-based” benefit across the Guyanese population,...

Authorities in Guyana simulated a tier two oil spill on Wednesday as it tested its national response mechanisms. A tier two response involves the mobilization of national and regional resources to respond – one notch above tier one, the...

Strategic Recruitment Solutions Inc. (SRSGY) has signed a Memorandum of Understanding with Specialists in Sustained Youth Development and Research Inc. (SSYDR), to offer SSYDR’s trained youth a 12 week on the job training opportunity. The agreement was signed on...

The giant Prosperity FPSO, Guyana’s third oil production vessel, has left dry dock and is moving to quayside for the subsequent phases of the project set to deliver another 220,000 barrels of oil per day to the new oil...

(CNN) U.S President Joe Biden on Thursday announced an unprecedented release of oil from US reserves and several steps his administration is taking to punish oil companies for not increasing production from unused leases on federal land. The steps are an...

Months after the conclusion of the United Nations Framework Convention on Climate Change (UNFCCC) 26th Conference of Parties in Scotland, Vice President Dr. Bharrat Jagdeo told Guyanese that the developed world has ignored the demands of the Caribbean Community (CARICOM),...

Natural Resources Minister in Guyana, Vickram Bharrat, said that the Local Content Act 2021, passed into law in December last year, is not designed to hinder foreign investment. “I know there are many questions regarding the local content legislation… whether...

With both Brent and WTI crude trading over US$100 per barrel for weeks since Russia first invaded Ukraine, Norwegian business intelligence firm, Rystad Energy now projects that this is going to last for several more months. Rystad said in its...

While his counterparts in Trinidad and Tobago have taken umbrage at his latest public comments that the economy of the Twin-Island Republic is falling apart, Vice President, Dr. Bharrat Jagdeo has no intention to change his position. For him,...