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A Memorandum of Understanding (MoU) signed between Guyana and Canada will see the two nations building firmer ties to see expanded trade relations and greater cooperation. The agreement was signed on Tuesday by Guyana’s Minister of Finance, Dr. Ashni Singh...

Lethem and Bartica, two of Guyana’s towns, will see significant savings in fuel costs and emissions, with the addition of solar farms there. Prime Minister, retired Brigadier Mark Phillips visited the more recent construction at Bartica on Tuesday, which is...

By Arthur Deakin – OilNOW When the Intergovernmental Panel on Climate Change (IPCC) released its first report in 1990, Russia had just opened its first McDonalds as a symbol of the country’s transition to a free market. Now, twenty-two years...

High-impact exploration in deepwater plays is reserved to major oil players – like ExxonMobil, TotalEnergies, BP, Royal Dutch Shell – and a few leading National Oil Companies (NOCs). The reason, according to UK-based consultancy group Wood Mackenzie, is because only...

Investors have signaled their interest in constructing an oil refinery in Guyana’s Region Six with the government already receiving six proposals to consider, according to the President, Dr. Mohamed Irfaan Ali. “We have more than six proposals for refineries, small...

CGX Energy and Frontera Energy Corporation have sealed a US$35 million loan agreement that will see CGX Energy continue plugging more funds in the Corentyne Block and the Berbice Deepwater Port along with other costs associated with the deal. The US$35 million...

The International Petroleum and Maritime Academy (IPMA) has trained and certified more than 550 Guyanese since its establishment, TOTALTEC said in a release commemorating two of the school’s anniversaries. It is celebrating one year since being awarded ISO 9001 certification,...

Brazilian state-run oil company Petrobras recently announced the discovery of a new accumulation of oil in the pre-salt of the southern part of the Campos Basin in a pioneer well in the Alto de Cabo Frio Central block. The Well 1-BRSA-1383A-RJS (Alto de Cabo...

The Natural Resource Fund (NRF) recorded a profit of $31.57 million (US$151,412.05) for the first quarter of 2022 solely due to interest earned on deposits. According to Bank of Guyana’s Q1 report, the market value of the Fund at...

After encountering 45 dry holes over a period of 50 years, Guyana’s oil story has dramatically changed in just 7 years with the South American country hitting 31 discoveries offshore since 2015, most of which have been commercial finds...