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Jagdeo calls Suriname Agri-Minister “a shady character” after fishing licenses row

Guyana Vice President Dr. Bharrat Jagdeo referred to Suriname’s Agriculture Minister as a “shady character” following a fishing licenses row between the two countries. Parmanand Sewdien is the Suriname official in question. “… Suriname and some of the Ministers, especially...

More seismic surveys planned for oil block with one of the highest success rates for discoveries on the planet

ExxonMobil Guyana is set to continue 3D/4D seismic survey operations at the offshore Stabroek Block, beginning April 20.  Guyana’s Maritime Administration (MARAD) said the exercise is set to conclude on December 31.  The survey will incorporate the use of five support...

With accelerating development, Guyana will have to import skilled labour soon – President

Guyanese authorities have already attuned their minds to the reality that skilled labour will have to be imported soon to support the swelling tide of oil-related developments. President of Guyana, Dr. Mohamed Irfaan Ali gave the most recent nod of...

India to support South America’s new oil producer with traffic management

Guyana will be receiving support from India in advanced traffic management as talks between the two nations advanced on April 18 ahead of a visit from India’s External Affairs Minister, Dr. Subrahmanyam Jaishankar. Guyana’s Minister of Public Works, Juan Edghill...

A look at Latin America & Caribbean countries pursuing new oil & gas bid rounds

Countries in Latin America and the Caribbean, like their counterparts around the world, are forging ahead with plans to accelerate the development of their oil and gas resources. This has seen countries such as Guyana and Suriname rolling out...

Georgetown Chamber, US embassy to address digitisation hindrance to investment in Guyana

A memorandum of understanding (MOU) is on the cards for the Georgetown Chamber of Commerce and Industry (GCCI) to tackle issues that hinder investment in Guyana. High on the agenda, is the lack of digitised operations and businesses in...

Airlines flooding Guyana as oil-driven economy booms

Destination Guyana is the hottest thing on the market, evidenced by the way airlines are rushing to fly the South American country's route. Over the past few months, Guyana has seen an influx of new airlines, no doubt brought...

Solar plant to power Guyana’s Leguan island estimated to cost US$1.8 million

With financing from the Inter-American Development Bank (IDB), Guyana plans to build a solar photovoltaic (PV) power plant, including a battery energy storage system and transmission line, on the island of Leguan in the Essequibo River.  The Guyana Energy Agency...

New UK-based Trade Mission in Guyana exploring opportunities

The Energy Industries Council (EIC) in collaboration with Aberdeen International Associates (AIA) has fielded a trade mission that arrived in Guyana on April 18. It runs up to April 21. This trade mission aims to facilitate engagement with key...

Iran, Venezuela ink deal to see more cooperation on energy matters

Iran and Venezuela became allies after being saddled with heavy US sanctions. Now, the two nations have strengthened their bond with a new agreement to see closer cooperation in the energy sector.  The deal was signed by the energy ministers...

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Petrobras production hiked 3.7% in Q1 

Petrobras' average production of oil, natural gas liquids (NGL) and natural gas in the first quarter of 2024 reached...