News

MATPAL engineering & deck cadets score full scholarships, one-off grants from American Caribbean Maritime Foundation

Guyana's MATPAL Marine Institute Inc. is celebrating a significant milestone in maritime education and training as the American Caribbean Maritime Foundation (ACMF) extends its support to a new cohort of students. Over the past two years, MATPAL said ACMF's...

Trinidad’s Dragon gas hopes tied to Venezuela’s elections choices 

The eagerly anticipated Dragon Gas Deal, a landmark agreement between Trinidad and Tobago and Venezuela, is facing an uncertain future due to the lingering impact of US sanctions. The accord revolves around the development of the Dragon Gas Field,...

Guyana’s green lungs to breathe easy despite Exxon’s offshore emissions

In a recent Environmental Impact Assessment (EIA) for ExxonMobil's sixth Stabroek Block development, known as Whiptail, a comprehensive breakdown of the greenhouse gas (GHG) emissions expected from its operations was provided. The findings suggest that, even at peak emissions,...

Dubai, India groups being considered for Guyana deep-water port

Guyana's government is keenly evaluating the feasibility of establishing a genuine deep-water port. However, Vice President, Dr. Bharrat Jagdeo emphasized that the success of this significant venture hinges on a strategic trade link with Brazil. At a recent press conference,...

Nigeria’s production increase target faces skepticism from Westwood analysts

In a bold move, Nigeria's newly elected president Bola Ahmed Tinubu has publicly unveiled his administration's ambitious plan to nearly double the country's crude oil production. The goal is to escalate production from the 1.3 million barrels per day...

Guyana “hell-bent” on avoiding mistakes of other oil producers to prevent Dutch Disease

Though its ascent on the global oil scene has been swift, Guyana is taking care to avoid the pitfalls of other major producers that have led to the emergence of the Dutch disease, said Vice President, Dr. Bharrat Jagdeo.  Guyana’s...

Whiptail Development Fact Sheet 

ExxonMobil Guyana is actively seeking environmental authorisation for its sixth Stabroek Block development - Whiptail. It recently submitted to the Environmental Protection Agency (EPA), the mandated 3,000+ page Environmental Impact Assessment (EIA) for review and approval. Here are some...

Why are the ExxonMobil-Guyana cost audits taking so long? Jagdeo weighs in

Recent relations between ExxonMobil and the Guyanese government have gained momentum in resolving cost disputes, according to Vice President Dr. Bharrat Jagdeo. This news follows prolonged negotiations and document submissions, in an auditing process which, according to Jagdeo, has...

Guyana Forestry Commission unveils ‘Canopy’ Magazine dedicated to Forestry Sector insights

The Guyana Forestry Commission (GFC) has launched its "Canopy" magazine. This new publication, unveiled at the 2023 International Building Expo held at the National Stadium, Providence, is the first of its kind, entirely dedicated to the forestry sector. "Canopy," a...

Touchstone Exploration advances Royston-1X well testing, prepares for Cascadura facility commissioning

Touchstone Exploration Inc, the Calgary-based oil and gas company with a primary focus on Trinidad and Tobago, has successfully completed its program of five production test intervals at the Royston-1X well.  The Royston-1X well, in which Touchstone holds an 80%...

Latest News

Wales Gas-to-Energy project accelerates with 120 day foundation plan

Guyana’s Gas-to-Energy project at Wales is entering a crucial phase as contractor Lindsayca Guyana pushes to complete all foundation...