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Technical Training College project “will not significantly affect environment” – EPA

The Environmental Protection Agency (EPA) has concluded that a study of the environmental and social impacts of the Guyana Technical Training College Incorporated (GTTCI) being constructed in Port Mourant, Corentyne, Berbice, is not necessary. The institution is set to...

Artificial Intelligence (AI) and the Development of Agriculture and Food Sectors in Oil Rich Guyana (Part 2, Challenges)

By Dr. Arlington Chesney - OilNOW Part 1 described the rapidly growing global importance of AI, including both algorithmic and autonomous devices on the development of the agriculture and food sectors; identified possible areas of their sustainable use in Guyana;...

Brazil’s Petrobras to install 11 new FPSOs in presalt basin to mark 15-year production anniversary

Brazil’s Petrobras marked 15 years of pre-salt offshore production this month and unveiled intentions to deploy 11 new production platforms in the basin by 2027.  Since December 2022, Petrobras initiated operations on the P-71 platform at the Itapu field and...

IEA says Guyana will achieve explosive oil supply growth through 2028 

By 2028, Guyana is expected to provide approximately 1.3% of global oil demand. By then, the ExxonMobil-led consortium holding the Stabroek Block will have invested approximately US$54 billion to develop projects offshore the South American country. While global oil demand...

Education Ministry receives bids for Port Mourant Hospitality Institute

Construction is underway at the Port Mourant Technical Training College in Berbice, Region 6. This highly-anticipated project is meant to train Guyanese to take up roles in the oil and gas and hospitality sectors.  Guyana’s Finance Minister, Dr. Ashni Singh...

Petrobras revising divestment strategy, puts Urucu, Bahia-Terra, Manati, and Argentine subsidiary sales on pause

In line with shifting priorities, Brazil’s Petrobras has axed the divestment of four major assets as it seeks to revise the process. Its sale of the onshore Urucu and Bahia-Terra clusters, the Manati oilfield, and its Argentine subsidiary, Petrobras...

Rystad Energy predicts bullish oil market as Saudi Arabia & Russia extend cuts, fueling price surge

The oil market was quick to react to OPEC’s founding member Saudi Arabia extending its one million barrel per day (bpd) production cut to December 2023. Oil prices shot up to US$90.50 - the highest it’s been since November...

Guyana, Geostrategic Entrepreneurialism and Energy

By Scott B. MacDonald - OilNOW The global political and economic system is in flux, driven by climate change, a transition from fossil fuels to renewables, and a new Cold War between the United States and China. Another factor creeping...

New national control centre being constructed to support Guyana’s gas project 

The Office of the Prime Minister in Guyana is seeking to have a national control centre constructed to facilitate the country's energy infrastructure overhaul, including support for the Gas-to-energy project. It has issued a public Request for Proposals (RFP)...

Puran Bros bid for GY$659 million Haags Bosch expansion contract

Guyana’s Ministry of Local Government and Regional Development is gearing up to construct a third cell at the Haags Bosch Sanitary Landfill, the largest waste repository in the South American country. Puran Brothers Disposal, Inc. has placed a competitive bid...

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U.S. Congresswoman says Guyana succeeded where Venezuela failed with oil wealth

U.S. Congresswoman María Elvira Salazar on Tuesday praised Guyana’s management of its oil revenues while criticizing Venezuela’s government amid...