News

Experts say more drilling needed as Guyana now on course to help fill major supply gap

Organizations such as the Paris-based International Energy Agency (IEA) have recommended that there be no new petroleum exploration projects if the world is to avoid more catastrophic effects of climate change. But another report by two recognized organizations is...

EPA partners with fisherfolk for marine surveillance offshore Guyana

Head of the Environmental Protection Agency (EPA), Kemraj Parsram has taken a proactive approach for the future monitoring of discharges from oil operations offshore. On Thursday, the Chief Environmental Regulator and members of his Petroleum and IT Departments met...

Local content legislation, NRF amendments to be laid in parliament on Dec. 16 – VP confirms

Guyana's Vice President Dr. Bharrat Jagdeo has given confirmation that the amendments to the Natural Resources Fund (NRF) and the local content Bill will be tabled in the National Assembly next week Thursday, December 16. The Vice President confirmed...

Republic Bank to arrange US$200M in loans for emissions reduction projects

Managing Director of Republic Bank Limited, Mr. Nigel Baptiste recently disclosed that the financial institution intends to arrange US$200 million to go towards activities that reduce the impacts of climate change and create environmental solutions by 2025. The President and...

Exxon granted approval from Guyana to conduct carbon-capture study – VP Jagdeo

Guyana’s Vice President Dr Bharrat Jagdeo has announced that ExxonMobil has been given the proverbial green light by the government to conduct studies on carbon capture and storage (CCS) so that the company may utilize it in its local...

Local NGO ‘unwittingly pushing prejudices of developed world’ with calls to halt oil production – Guyana VP

Guyana’s Vice President, Dr. Bharrat Jagdeo remains adamant that developing countries have a right to pursue prosperity through the commercialization of their natural resources in the same way rich countries have done, and continue to do, on a massive...

Exxon says major Guyana projects represent US$30 billion in foreign investment

Multiple projects, some underway and others poised to be rolled out, represent around US$30 billion in foreign direct investment for Guyana and are set to plug billions of dollars into the economy of this new oil producing nation. Speaking at...

Guyana’s anti-corruption framework must include transparent wealth fund Law – US Ambassador

As nations across the world observed International Anti-Corruption Day on Wednesday under the theme, “Your right, your role: say no to corruption, " U.S. Ambassador to Guyana, Sarah-Ann Lynch registered her support, and that of her home country, for Guyana’s...

Emerging oil producers Guyana and Ghana ink string of cooperation agreements

The governments of two oil producing nations on opposite sides of the Atlantic, Guyana and Ghana, signed three agreements to deepen their ties on Tuesday. The occasion culminated a 4-day trip to Guyana by Ghana’s Vice President Dr. Mahamudu...

Energy chamber, telecoms giant giving Guyanese students exposure to budding petroleum industry

Students from across 50 high schools in Guyana are set to benefit from oil and gas training in the new year as part of a collaborative effort between the Guyana Oil and Gas Energy Chamber (GOGEC) and telecommunications giant...

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Hess says exploration planned this year for Suriname blocks at Guyana border

Hess Corporation said exploration activities are planned this year for two Suriname blocks in which it holds stakes -...