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Guyana saves US$2.3M in annual energy costs since gov’t buildings switched to solar – GEA Head

The Guyana Energy Agency (GEA), led by Dr. Mahender Sharma, embarked on a nationwide project in 2017 to help government buildings transition to solar power. That campaign evolved well into 2022, and according to Dr. Sharma, Guyana has been able...

Guyana: Gas-to-Energy Implications

By Dr. Justin Ram - OilNOW Guyana's gross domestic product (GDP) per capita is expected to increase from US$6,953 per capita in 2020 to US$15,153 per capita in 2023. Based on the available data, the country could become the world’s...

Exxon surpasses Stabroek Block work programme by leaps and bounds

ExxonMobil, operator of the Stabroek Block offshore Guyana, has surpassed its work programme as outlined in the Production Sharing Agreement (PSA) it has with the South American county, by leaps and bounds. According to the provisions of the 2016 PSA, Article...

Guyana, T&T bid rounds could be hugely successful if key lessons are taken onboard, says advisor on energy

As Guyana and Trinidad and Tobago prepare to auction oil and gas blocks later this year, Geologist & Geophysicist Anthony Paul, an energy and strategy advisor in the region, cited several key factors to consider for greater exposure and...

Georgetown Chamber launches Investment Portal

The Georgetown Chamber of Commerce and Industry (GCCI) has officially brought to the Guyanese business community, an innovative platform that now makes it easier for its member companies and local business start-ups to connect with potential investors. The "Investment Portal"...

Caribbean must take control of its natural resources, says Dominican gov’t minister

When it comes to developing the Caribbean’s natural resources – whether it be oil and gas, gold, diamond, or bauxite – Dominica’s Minister of Planning, Vince Henderson, believes this process should be controlled internally, devoid of influence from the...

Climate change initiatives: A US$7 trillion commercial opportunity for global financial sector

Climate change is a complex global problem, and solutions will come from all sectors. But finance may just be the key to decarbonising the economy. The transition to green, clean energy in a net-zero carbon world would be an impossible feat without a way...

US VP announces strategic plan to address climate crisis in Caribbean

In light of the climate crisis and energy woes that plague the Caribbean, United States’ Vice President Kamala Harris on Thursday announced a plan to address those critical concerns. The United States’ primary mechanism for addressing energy security and the...

University of Guyana safer with security upgrades funded by Stabroek Block co-venturers

The University of Guyana commissioned the first component of its Campus Safety and Security Project on Thursday, funded by Stabroek Block co-venturers – ExxonMobil Guyana, Hess Guyana Exploration Ltd. and CNOOC Petroleum Guyana Limited – under the Greater Guyana...

Exxon unrivalled in the deep; developing Guyana oil fields at record pace

With four sanctioned projects in Guyana since the first oil discovery in 2015, of which two are currently in production at industry-leading timelines, ExxonMobil has proven itself "an unmatched project manager of deepwater projects." This point was recently made by...

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Surinamese graduates in GranMorgu training program meet SBM Offshore CEO in Malaysia

Surinamese graduates participating in the training program linked to the GranMorgu offshore oil development met with SBM Offshore’s CEO...