News

With roughly three months left in 2022, Guyana’s Natural Resource Fund (NRF) account has already broken the US$1 billion mark. According to the Bank of Guyana (BoG), the balance of the account at the end of September 2022 stood...

Guyana’s largest oil and gas port facility, Guyana Shore Base Inc. (GYSBI) has secured a US$10 million bridge loan from NCB Merchant Bank out of Trinidad and Tobago. With the bridge loan in hand, GYSBI now has the greenlight to...

As Guyana forges ahead with its low carbon development initiatives, the country is looking to train 75 women in Region Seven (Cuyuni – Mazaruni) and Region Nine (Upper Takatu – Upper Essequibo) to become solar panel technicians for a...

With debate raging on about economic loopholes that could allow for the infiltration of the dreaded resource curse, there is a political risk that also requires careful attention. According to Dr. Lorraine Sobers, a Fulbright Scholar currently lecturing at the University of the West Indies,...

Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI) concluded the nomination period for its shallow water competitive bid round, Tuesday. Nominations ran for six weeks from August 30, 2022. Interested parties were allowed to nominate for any number of...

Touchstone Exploration Inc. announced on Tuesday that the Coho facility has safely delivered first natural gas, representing the first onshore natural gas project to come onstream in Trinidad and Tobago in over twenty years. The Coho area is located...

As development in Guyana continues to expand, industry stakeholders are encouraging the nation’s policy drivers and the private sector to tackle the country’s steep learning curve. To address this, Angus Young – Executive Vice President – Regional Investment Banking and...

The International Monetary Fund (IMF) has urged Guyana to urgently review its migration laws as well as find other creative means of attracting expertise from the Guyanese Diaspora to help develop its oil sector. With the low base in education...

For Guyana to make the best of its oil riches, it will need to strengthen its technical capacity to govern the industry as quickly as possible. To this end, Chief Executive Officer (CEO) of the International Association of Oil and...

The International Monetary Fund (IMF) applauded Guyana’s comprehensive Low Carbon Development Strategy (LCDS) 2030 which outlines plans to combat climate change. It said the strategy commits Guyana to the reduction of emissions by 70% before 2030 mainly via maintaining vast...