News

Chemtech International is hoping to lead the way for Guyana’s downstream industry with the establishment of a US$200 million oil refinery and integrated post-petrochemical manufacturing complex. The pioneering project—which is awaiting the approval of the Environmental Protection Agency (EPA)—will...

The World Bank and Guyana’s Government officially signed an agreement on Friday for a US$44 million Human Capital Development Project to improve access as well as learning conditions in secondary education. It is also intended to improve access to...

The Vice Chancellor of Guyana’s premier university, Professor Paloma Mohamed-Martin is lobbying for oil and gas investments into the tertiary institution to churn out the needed human capital for the growing oil industry. “Not only University of Guyana ...

Guyana’s economy grew 43.5% in 2020. Government expects that it will grow 57.8% in 2022. This growth requires a labour force that can meet the needs of an emerging economy. The Migration Policy Institute estimated that Guyana will need at...

London-based energy intelligence firm, Westwood Global Energy, called Wei-1 a ‘large, high-impact’ prospect and a ‘key well to watch’ ahead of expected exploration drilling offshore Guyana in October by CGX Energy Inc. “Final preparations are underway in advance of spudding...

With many revenue-earning avenues available to Guyana in the oil and gas industry, Norway’s Rystad Energy is urging the nation to make sober decisions, considering all factors before investing billions into any project. Senior Vice President and Head of Latin...

As the use of solar energy expands in the Caribbean, the Director General of the International Solar Alliance (ISA) Dr. Ajay Mathur says that the global union has hopes of establishing Solar Technology and Application Resource Centers (STAR-C) across...

ExxonMobil is now required to conduct a second Environmental Impact Assessment (EIA) study, this time for the proposed 24-well campaign in the Canje and Kaieteur Blocks. The first required EIA relates to Exxon’s massive proposed 35-well campaign in the Stabroek Block. The Environmental Protection Agency...

A fire that occurred on the Johan Castberg floating production, storage and offloading (FPSO) vessel, Johan Castberg was contained shortly after being identified on Thursday, according to a Reuters report. A company spokesperson told Reuters the vessel suffered only minor...

“Certain delays” have forced CGX Energy Inc. to push back the operationalisation of the massive Berbice Deepwater Port even as the Guyana government expresses concerns of the timeline of completion. “As a result of certain delays, the Company believes it...