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Though local content is deemed meaningless without capacity, its absence should not be used as the basis to lock locals out of opportunities in a country’s oil sector. So said the Chairman of the Ghana Chamber of Commerce Guyana,...

By Dr. Ulric Trotz & Dr. Terrence Blackman - OilNOW Climate change poses significant challenges for Guyana and the Caribbean, necessitating a combination of mitigation and adaptation strategies to combat its effects. Mitigation focuses on reducing greenhouse gas emissions and...

A Canada-based oil and gas company is targeting a multi-hundred million barrel stacked pay opportunity at the Orinduik Block, offshore the South American country of Guyana. The exploration company - Eco (Atlantic) Oil & Gas Ltd. - said its...

Following an intense seven-hour-long debate, Guyanese lawmakers on August 9 passed the Petroleum Activities Bill which replaces the country’s Petroleum (Exploration and Production) Act of 1986. Natural Resources Minister, Vickram Bharrat who introduced the Bill to the House, underscored...

Guyana’s Local Content Secretariat (LCS) is looking to develop an app to connect Guyanese contractors and licencees, said Director Dr. Martin Pertab on August 10.  Pertab, speaking at the Ghana-Guyana Local Content Conference explained that accessing information on opportunities in...

Approval was granted on August 9 to the Guyana government for the additional GY$5 billion in funding to advance its Gas-to-Energy project.  Guyana’s Finance Minister, Dr. Ashni explained to the House that the sum will be used mainly for the...

The energy landscape of the Guyana-Suriname Basin is evolving at a rapid pace, with drilling activity set to intensify in the coming years. Noble Corporation projects the need for "6 to 7 ultra-deepwater (UDW) rigs through 2024, with potential...

Kanuku Block operator, Repsol, is conducting environmental surveys at the Beebei-1 well site, according to an August 4 notice by Guyana’s Maritime Administration (MARAD).  It said the exercise which commenced in early August, will conclude by the end of the...

The establishment of a petrochemical plant, a refinery, and joint oil development were major facets of new deals signed between the Presidents of Guyana and the Dominican Republic (DR) on August 8, signaling strengthened cooperation between the two countries.  A...

Enhancing Guyanese capacity remains at the forefront of Blue Water Shipping Guyana’s plans as the company received renewed approval for its Local Content Certification from the Local Content Secretariat. The green light for Blue Water's certification recognises the company's efforts...