News

Dominican Republic’s interest in pursuing oil activities in Guyana remain high – Ambassador

The Dominican Republic’s Ambassador to Guyana, Ernesto Torres-Pereyra, recently assured that interest remains high in realizing a petrochemical plant and oil exploration opportunities with Guyana. Two Memoranda of Understanding (MoU) signed between the leaders of both nations last August...

Petrobras honored with Sustainability Leadership Award at CERAWeek

Petrobras, the Brazilian energy giant, has been recognized for its commitment to sustainability by receiving the Sustainability Impact Awards promoted by Schneider Electric during CERAWeek.  The award celebrates Petrobras' significant progress in decarbonizing its operations, positioning it as a champion...

Any act that compromises regional peace should not be endorsed – DR Ambassador on Venezuela’s latest ploy to seize Essequibo 

Following Venezuela's recent passage of a legal instrument to undermine Guyana’s control over the Essequibo region, the Dominican Republic’s Ambassador to Guyana, Ernesto Torres-Pereyra, emphatically stated that his country is opposed to such measures.  “Any act that compromises regional peace...

Guyana’s leadership stands firm on energy transition despite industry skepticism

Executives of the world’s foremost fossil-fuel giants recently poured cold water on the slothful energy transition movement, deeming it a fantasy to be abandoned. Despite such a position being shared by Amin Nasser, Chief Executive Officer (CEO) of Saudi...

Maka, Kwaskwasi development not feasible yet – Staatsolie head 

Block 58 operator TotalEnergies does not see a feasible development from its Maka and Kwaskwasi discoveries, according to the Managing Director of Suriname’s state oil firm Staatsolie.  Annand Jagesar told Reuters late Tuesday that instead, the company has been pushing...

Fmr. U.S. President Bill Clinton to headline forum in Guyana this week

Former U.S. President, William Jefferson Clinton will be the featured speaker at the United Caribbean Forum, which will be held at the Arthur Chung Conference Centre (ACCC) in Georgetown on March 26. The Bilateral Dominican Republic-Guyana Chamber of Commerce is...

Empowering Entrepreneurs: Stacy Reece’s Journey with East Gate Products and Café

In the bustling world of culinary innovation, Stacy Reece stands out as a visionary entrepreneur, driving forward her business, East Gate Products and Café, with a unique blend of creativity and determination. Renowned for her delectable marinating sauces that...

“It is one of the most incredible success stories” – Mallon on Guyana’s oil development 

The story of Guyana being just a tiny South American country to one of the most prolific oil producers in the world is remarkable, according to ExxonMobil Upstream President, Liam Mallon.  During his CERAWeek 2024 presentation, Mallon said, “It is...

Guyanese win big in Exxon’s Big Red Bus Tour 

ExxonMobil Guyana announced the winners of the competition held as part of its countrywide Big Red Bus Tour, which aimed to foster community engagement and discuss ongoing and future projects impacting the lives of Guyanese. The highlight of the 50-day...

GYSBI celebrates 250 days LTI-free, delivers one million cubic feet of sand to Wales

Guyana Shore Base Inc. (GYSBI) said it achieved a milestone of 250 days without Loss Time Injuries (LTIs) and has also successfully delivered and placed 1,000,000 cm³ of sand at the Wales, West Bank Demerara site, which is being...

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The PAA Series: Management Themes (Part 6)

Management Themes (Part 5) introduced our discussions of matters pertaining to the development and production of a petroleum discovery....