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Guyanese recruitment firm hosts session on labour law

Strategic Recruitment Solutions (SRSGY) hosted a two-hour learning session titled Employee Engagement – Guyana Labour Law, on Tuesday, September 22. This session is the first in a series specifically focusing on Employee Engagement and the different facets of the...

Guyanese business operators taking risks, building capacity for emerging oil and gas industry

Guyana is on a rapid journey to becoming one of the top oil producers in the Latin America and Caribbean region, going from no known resources just five years ago, to having more than 8 billion barrels of oil...

IDB paper urges caution as Guyana’s growth set to skyrocket

The start of oil production in Guyana last year has increased the urgency with which the South American country’s institutional capacity and regulations had to be addressed, not only in oil and gas, but other sectors as well. This is...

US$3.6 billion part of commitment expected for Payara development this year, approval expected soon – Rystad Energy

Global oil and gas project sanctioning is set to recover and exceed pre-Covid-19 levels from 2022, with Guyana playing a key role in pushing the industry back to gains for projects set to be approved this year, according to...

Suriname oil discoveries estimated at 1.4 billion barrels – Rystad Energy

Norway-based independent energy research and business intelligence company, Rystad Energy, says the three discoveries made offshore Suriname to date are estimated to contain combined oil equivalent resources of almost 1.4 billion barrels. Maka Central-1 and Sapakara West-1 were the first two...

First Guyanese security firm attains ISO certification, looking to tap into O&G opportunities

Through the assistance of the Center for Local Business Development (CLBD), another Guyanese firm - MMC Security Force Company - has been able to attain ISO (International Organization for Standardization) 9001:2015 certification. The company says this will better position...

Liza 1 & 2 ‘will provide low cost energy for years to come’ – Hess CEO

Even as governments and international oil companies pursue efforts to reduce carbon emissions on a global scale in the move towards renewable sources of energy, the Liza Phase 1 and 2 developments offshore Guyana are expected to remain highly...

Bharrat outlines more measures for managing Guyana oil resources

Guyana’s Minister of Natural Resources, Vickram Bharrat, has outlined a number of new policy directions for the extractive sectors including oil and gas aimed at strengthening technical capacities of the agencies that manage the new sector.   During a budget...

Oil workers flee as third storm in month aims for U.S. offshore fields

(Reuters) - Royal Dutch Shell halted some oil production and began evacuating workers from a U.S. Gulf of Mexico platform, the company said on Friday, as a new tropical storm flared. Beta, the 23rd named storm of the Atlantic hurricane...

U.S, Guyana Working Group on energy and investments to be formed

Following the signing of a Memorandum of Understanding (MoU) between U.S Secretary of State, Michael Pompeo and Guyana’s President, Dr. Mohamed Irfaan Ali, on energy and infrastructure finance and market building cooperation, a Working Group comprising representatives from the...

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Patrick Brunings nominated to lead new Oil and Gas Ministry

PARAMARIBO, SURINAME - Suriname’s incoming coalition government has nearly finalized its Cabinet ahead of the July 16 inauguration, with...