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UK-Guyana trade surges to £1.6 billion, signaling growing economic ties

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Total trade in goods and services between the United Kingdom and Guyana has reached an impressive £1.6 billion in the four quarters leading up to the end of Q2 2023, a new report from its Department of Business and...
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Bp reports drop in Q2 net profit as energy prices retreat from post-invasion peaks

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British energy giant bp announced a significant drop in second-quarter net profit as oil and gas prices retreated from the historic highs reached a year earlier following Russia's invasion of Ukraine. The company reported that profit after tax plummeted...
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G20’s failure to reach consensus on phasing out fossil fuels leaves COP28 at risk of failure – VP Jagdeo

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The recent G20 meeting in India concluded without leaders reaching a consensus on two crucial issues: phasing out fossil fuels and fulfilling the US$100 billion per year promise to support climate adaptation and mitigation in developing countries. This failure...
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Guyana’s first private solar farm planned for Loo Creek

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Caiman Industries, Environmental (CIE) is planning to develop a 5.8 MW solar farm. The project marks what would be the first instance of a private developer embarking on a such a project in Guyana, with all other solar farms...
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Attempts being made to destabilise Petrobras top management, says CEO Prates

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Chief Executive Officer Jean Paul Prates of Brazil's oil giant Petrobras stated on Sunday that the company endured a week-long onslaught of a "rampant" but "ineffective" campaign aimed at destabilising its current management. “One of the many tricks that we...
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Touchstone advances Cascadura construction and Royston-1X testing

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Touchstone Exploration Inc. has shared updates on the construction of the Cascadura facility and the ongoing Royston-1X production testing. These are the company's key projects on the Ortoire block, located onshore in the Republic of Trinidad and Tobago. In the...
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Basher-1, Lancetfish-2 new targets in Stabroek Block drill campaign – Hess President

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The search for more oil in Guyana’s Stabroek Block remains at a steady pace with the partners announcing more prospects to be tapped.  Chief Operations Officer and President of Hess Corporation, Greg Hill shared that the partners plan to drill...
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Sunak faces backlash as government pushes for new oil and gas licences to tackle energy crisis

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Hundreds of new oil and gas licences will be doled out in the UK, Prime Minister Rishi Sunak announced on July 31, sparking ire from environmentalists in the face of growing climate concerns.  Sunak in a brief statement said “Now,...
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El Dorado Offshore and New Amsterdam Technical Institute in new workforce development deal

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In a move to enhance the technical workforce in Guyana, El Dorado Offshore (EDO) and the New Amsterdam Technical Institute (NATI) have signed a Memorandum of Understanding (MOU). This strategic partnership will center around offering technical education and career...
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Guyana business group, UN sign declaration to foster social and economic development

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The Georgetown Chamber of Commerce and Industry (GCCI) and the United Nations on July 29 signed a Declaration to foster social and economic development, at the conclusion of National Small Business Week. The Declaration was signed by GCCI’s President, Mr....
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Guyana launches Global Student Exchange with EU & UG on health, oil and gas, engineering sectors

The European Chamber of Commerce Guyana (ECCG), in partnership with the European Union and the University of Guyana (UG),...

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