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Italian multinational oilfield services company, Saipem, recently launched its new sustainable technology for subsea pipelaying, touted as one that considerably reduces environmental impacts on the seabed. The “Underwater Cold Bending” technology was unveiled during the Offshore Technology Conference (OTC) in Houston, the leading international events in the offshore energy...

Former Energy Minister of Trinidad and Tobago, Kevin Ramnarine said that natural gas production in 2021 was the lowest in 18 years. In a LinkedIn post, Ramnarine said it will require creative thinking to drive economic growth. He said that...

By Dr. Lorraine Sobers – OilNOW Guyana’s Low Carbon Development Strategy 2030 (LCDS) is the best place to start if you want a bird’s eye view of the country’s renewable energy plans. The LCDS outlines the overall strategy for natural...

Guyana’s Private Sector Commission (PSC) on Thursday re-elected Paul Cheong as Chair, and he already has big plans for the countrywide business service organisation. A major part of that is pushing for better access to finance for businesses, especially small...

Determined to avert the perils associated with the Dutch Disease; a phenomenon that has weakened regional counterparts like Venezuela and Trinidad and Tobago, Guyana is advancing several efforts to have a highly diversified economy. Along with the GY$22B budgetary allocation...

IHS Markit, an industry-leading information services provider that merged this year with S&P Global, believes petroleum exploration success in Guyana has taken on a new dimension, particularly with the recent hydrocarbon discovery at the Kawa-1 well in the offshore...

A new batch of women entrepreneurs embarked on the second iteration of the Centre for Local Business Development’s women entrepreneurship program called AccelerateHer on Friday evening at the Pegasus Hotel in Georgetown. More than 130 women owners, operators and managers from seven...

Guyana’s Natural Resource Fund (NRF) balance increased by GY$4,427,198,000 in April, according to a report from the Central Bank of Guyana. GY$4,390,903,000 (approximately US$21,059,487) in royalties were paid by Stabroek Block co-venturers in the month of April, and deposited into...

The Environmental Protection Agency (EPA) has instructed ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) to submit an Environmental Impact Assessment (EIA) for its next mammoth-sized oil project at the Stabroek block’s Uaru field. The regulatory body noted that...

Should Guyana pursue the establishment of a National Oil Company (NOC), it would certainly serve as a catalyst for making it a more relevant and stronger player in the global oil supply chain, says Steven Debipersad an economist and...