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Ramps drops claim for damages against Guyana, says it recognises significance of local content

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Ramps Logistics (Guyana) Guyana dropped its claim for damages in the case it had brought before Guyana to secure its Local Content Certificate, which was initially refused.  Ramps Director, Shaun Rampersad, informed the government in a letter that it dropped...
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BP, Reliance announce start-up of MJ gas, condensate project offshore India

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BP and Reliance Industries Limited (RIL) have confirmed the successful start-up of the MJ gas and condensate project. Located offshore the east coast of India, MJ represents the third major deepwater development brought into production by the RIL-bp consortium...
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NGC expands presence in Trinidad’s gas industry with upstream asset acquisitions

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The National Gas Company of Trinidad and Tobago Limited (NGC) has taken a significant step forward in expanding its footprint in the country's gas industry with a series of strategic acquisitions of upstream gas assets.  NGC, through its wholly owned...
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About 60 companies expected for Guyana’s National Small Business Week 2023

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Guyana's National Small Business Week is set to kick off from July 21-29, 2023, and this year's edition is expected to feature the participation of around 60 small businesses. Under the theme of "Strategic Collaboration for Success," the event...
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Guyana to welcome second US Secretary of State in four years

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Secretary of State Antony J. Blinken is set to embark on a diplomatic visit to Guyana. The visit is part of Secretary Blinken's broader engagement in the Caribbean region, where he will participate in the Caribbean Community (CARICOM) Heads...
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Former oil minister’s book on Stabroek Block PSA will have no effect on gov’t policy position – Jagdeo 

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While Guyana’s former Minister of Natural Resources, Raphael Trotman is now expressing support for a renegotiation of the Stabroek Block Production Sharing Agreement (PSA) which governs one of the world’s largest oil fields, the contract will remain intact. This...
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Guyana, Brazil to account for 30% of global subsea tree installation – Rystad Energy

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South American neighbours Guyana and Brazil are the driving force behind 30% of global subsea tree installations all the way up to 2030, according to Rystad Energy projections.  The Norway-based firmt said investments in offshore services are expected to balloon...
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Guyana selects four contenders for first oil refinery

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Guyana's Vice President, Dr. Bharrat Jagdeo confirmed on Thursday that the administration still has its sights set on establishing a modular oil refinery. In fact, four strong contenders have been shortlisted, the official disclosed. During a press conference, the chief...
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Norway approves US$18.5 billion in projects to sustain European supply amid Russian energy backlash

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Norway's energy ministry has granted approval for oil and gas projects valued at more than 200 billion kroner (US$18.5 billion), as the country aims to maintain its position as Europe's largest natural gas supplier.  The approved projects, including Aker BP...
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Renewables surge but fossil fuels still dominating global energy industry

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Fossil fuels continue to meet more than 80% of the world's energy needs despite a continued record growth rate of renewable energy in the wake of the COVID-19 pandemic, according to data compiled by the UK-based Energy Institute. Global primary...
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Tourism minister calls for cultural shift, stronger service standards to power Guyana’s next economic phase

Tourism, Industry, and Commerce Minister Susan Rodrigues has called for a national cultural transformation to align with Guyana’s rapid...

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