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World Court to issue ruling on Venezuela referendum Friday

A ruling on the request made by Guyana for provisional measures to block questions outlined in Venezuela’s December 3 planned referendum will be made on Friday by the International Court of Justice (ICJ). A release from the World Court said,...

Oil has unleashed a tsunami of opportunities in South America’s lone English-speaking nation

Nestled on the northern tip of South America, the small nation of Guyana, now the fastest growing economy in the world, will become the continent’s second biggest oil producer by 2027. The massive success the country has seen in...

Guyana sets record with 500 projects in a year funded by carbon credits – VP Jagdeo

Within one year of receiving the first set of payments for its internationally validated forest carbon credits, the Guyana Government has set a new record of implementing 500 projects, all of which will lend to the sustainability of over...

SLB to host Open Supplier Forum at Guyana complex 

Local vendors interested in joining Schlumberger Limited's (SLB) approved list will have an opportunity on December 6 when the company hosts its Open Supplier Forum at its Houston, East Bank Demerara location.  “Our preferred suppliers are those that collaborate with...

Petrobras, European Energy explore E-Methanol Plant collaboration in Brazil

Petrobras, Brazil's state-controlled oil company, and Danish firm European Energy have inked a Memorandum of Understanding (MoU) to explore potential business opportunities for establishing an e-methanol plant in Brazil. The non-binding agreement was signed at European Energy's headquarters in...

Guyana basin should achieve payback in under 10 years at an oil price of US$60-80 – WoodMac

Analysts have said the significant sums Guyana is set to receive in oil revenue can make the country one of the richest in the world, per capita. The companies producing oil there are also set to receive massive returns...

UK business mission to Guyana seeks expansive investment opportunities

The Caribbean Council, in collaboration with Mission Partners, is set to lead a United Kingdom (UK) Business Mission to Guyana from November 28 to December 1, 2023.  The initiative aims to bolster engagement for quality business investments and foster opportunities...

“We are not a war-mongering nation but we have got to protect this territory and our country” – Guyana VP 

Speaking at a public meeting over the weekend held in Anna Regina, Guyana's Essequibo region, Vice President, Bharrat Jagdeo, issued a stern warning to Venezuela's President, Nicolas Maduro. “Do not ever question our resolve Maduro or...

African gov’t urged to bolster energy investment amid global shifts 

The fallout from the Russian invasion of Ukraine rippled through global energy markets, prompting significant shifts in trade patterns and rekindling discussions about Africa's potential as a key energy supplier for Europe. However, despite this potential, recent reports from...

Caracas land grab efforts also fueled by “jealousy and greed” over Guyana’s oil success 

Vice President Bharrat Jagdeo believes that Venezuela’s heightened efforts to annex Guyana’s Essequibo region is fueled by his country’s success in the oil and gas industry.  “It is a kind of greed too because they have seen the successes in...

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Hess asked arbitration tribunal to hear Guyana case in third quarter – Chevron CEO

Hess Corporation requested that an arbitration tribunal hear the merits of its dispute with ExxonMobil and CNOOC in the...