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Guyana not being relegated to status of ‘rent collector’; country seeking big gains from oil resources – Ramnarine

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Guyana’s steadfast drive for local participation in its oil and gas sector is being lauded by former Trinidad and Tobago Minister of Energy, Kevin Ramnarine. Though private sector leaders of the two Caribbean Community (CARICOM) nations have been at odds...
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‘Current high oil prices must not lull us into false sense of security’ – T&T Energy Chamber Chairman

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The world has gone from negative oil prices to historic highs in just a few years. But Chairman of Trinidad and Tobago’s Energy Chamber, Dwight Mahabir, has cautioned countries to not let these current high oil prices lure them...
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Sheraton Hotel brand making debut in world’s fastest-growing economy by 2025

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A heightened tourist footprint in Guyana, a new oil producer and the world’s fastest-growing economy, is pushing the South American nation’s hospitality industry further. By 2025, the Sheraton Hotel and Resort brand will be present in Guyana. Marriott International Inc. –...
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Guyana equipped to address all likely oil spill scenarios as US Coast Guard led training ends

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With any oil production operation, oil spills are a risk, though the probability is very minimal once strict safeguards are implemented. And though Guyana is new to the oil-producing scene, the small South American nation has taken steps to boost its development of an...
Exploration

‘If CGX can’t raise funds to meet commitments, that’s none of our business’ – Jagdeo

Kemol King -
Not long after the Irfaan Ali administration assumed office in 2020, CGX Energy was granted an extension to its deadline to drill a well on the Corentyne block offshore Guyana. While it looks like CGX may need another extension – this...
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‘Guyana must explore every revenue-generating activity to achieve climate adaptation and mitigation’ – President Ali

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In 2010, developed countries committed to jointly mobilise US$100 billion annually in climate finance by 2020 to support developing countries in reducing emissions and adapting to climate change. However, as the globe celebrated World Environment Day on Sunday, Guyana’s...
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Guyana oil projects protected from cost inflation – Hess Boss

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While many of its industry counterparts have been hard hit by the inflation that has resulted from the war in Ukraine and the COVID-19 pandemic, Hess Corporation which has a 30% working interest in the Stabroek Block was pleased...
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Stabroek co-venturers pushing Guyana to be regional, logistical powerhouse – Hess

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Hess Corporation’s Chief Executive Officer (CEO), John Hess has lauded the Guyana government for being pro-business, and accelerating investments so that oil revenues can be used to lift the nation’s standard of living. But equally important for Hess and its...
News

Imposing windfall tax on oil production operations would be breach of contract, says Guyana VP

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As a result of high oil prices driven by the Russia-Ukraine war, territories such as the United Kingdom and Canada have implemented a windfall tax on oil companies. This tax, which is applied to the profits oil companies gain...
News

Trinidad finalising pact with multinational energy giants for 112MW solar project

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The government of Trinidad and Tobago is finalising a commercial agreement for the 112.2-megawatt (MW) Project Lara, a joint venture comprising of multinational energy giants, Shell and BP, and specialist solar energy company, Lightsource BP. Two sites have been identified...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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