News

EPA, MARAD say Wales Gas-to-Energy pipeline inactive, dispels reports of rupture

The Environmental Protection Agency (EPA) and the Maritime Administration Department (MARAD) have rejected reports that the natural gas pipeline supplying Guyana’s Gas-to-Energy facility at Wales, West Bank of Demerara, has ruptured, stating that the line is not currently operational. In...

MODEC to launch Guyana development programs for offshore workforce

MODEC Guyana will launch two workforce development programs on July 20 as part of its effort to strengthen local technical and professional capacity for Guyana’s offshore oil and gas industry. The company said the launch will provide details on its...

GCCI, TT Energy Chamber plan first joint event under MOU

Two months after signing a memorandum of understanding (MOU) in Houston, the Georgetown Chamber of Commerce and Industry (GCCI) and the Energy Chamber of Trinidad and Tobago have developed a work plan and are preparing to launch the first...

Tucker warns Guyanese businesses could miss oil sector openings without preparation

Businessman and former Georgetown Chamber of Commerce and Industry (GCCI) President Timothy Tucker is warning that Guyanese businesses risk missing opportunities in the oil and gas sector if they fail to properly research the industry and make use of...

Jubilee and Brazil’s pre-salt set stage for South Atlantic Cretaceous plays, says Westwood Energy 

Exploration success at the Jubilee field offshore Ghana and Brazil’s pre-salt area helped drive a surge in South Atlantic drilling more than a decade ago, but new research from Westwood Global Energy Group shows that technical discoveries have not...

Guyana, Trinidad business groups to launch joint trade desk aimed at breaking non-tariff barriers

The Georgetown Chamber of Commerce and Industry (GCCI) and the Trinidad and Tobago Chamber of Industry and Commerce (TTCIC) plan to establish a joint trade desk within three months to systematically identify and resolve non-tariff barriers that have long...

Tristar builds modern hub to support more port capacity in Guyana  

Tristar Port Inc. is positioning its West Bank Demerara facility as a modern logistics hub built to support Guyana’s growing offshore oil and gas industry and wider cargo movement. The facility is located about 1.5 kilometers from the Bharrat Jagdeo...

Caribbean Energy Week moves to Guyana, launch event set for July 20

The launch event for Caribbean Energy Week 2027 will take place on July 20, 2026, at the Guyana Marriott Hotel in Georgetown. The event will bring together government officials, investors, operators, and industry stakeholders to highlight strategic opportunities shaping the...

“Get your house in order,” Timothy Tucker tells SMEs eyeing Guyana Development Bank financing

Small and medium-sized Enterprises (SMEs) hoping to access financing from the proposed Guyana Development Bank should begin preparing now by formalizing their operations, according to businessman and former Georgetown Chamber of Commerce and Industry (GCCI) President Timothy Tucker. Speaking on...

Saipem lands US$2B FPSO contract for Indonesia offshore project

Saipem has secured a contract worth approximately US$2 billion for its share of the engineering, procurement, construction, and installation (EPCI) of a floating production, storage and offloading (FPSO) unit for the Kutei North Hub field development project offshore Indonesia. The...

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Trump seeks 20% fee on Hormuz cargo, reinstates Iran blockade 

United States President Donald Trump has reinstated a blockade targeting Iranian shipping and announced plans to charge commercial cargo...