News

By next year, the Guyana Technical Training College Incorporated (GTTCI) will commence operations, as the first half is slated for completion this quarter. This is according to ExxonMobil Guyana President, Alistair Routledge.  “...we will see, by the beginning of next...

The Georgetown Chamber of Commerce and Industry (GCCI) and the Guyana Manufacturing and Services Association (GMSA) have applauded recent talks between the Guyana government and the opposition, led by President Irfaan Ali and the Leader of the Opposition, Aubrey...

Seaway7, part of the Subsea7 Group, confirmed on October 24, the award of a substantial contract by Equinor and Polenergia for the inter-array cables of the MFW Bałtyk II and MFW Bałtyk III bottom-fixed offshore wind projects, in the Polish...

Grave concerns have been expressed by the Caribbean Community (CARICOM) on Venezuela’s decision to conduct a national referendum defending its claim to two-thirds of Guyana’s territory.   CARICOM said that two of the five questions approved to be posed in the...

The Lancetfish reservoir in Guyana’s Stabroek block has delivered more oil, Hess Corporation announced on Wednesday in its earnings statement.  Hess said the Lancetfish-2 appraisal well encountered approximately 125 feet of net oil pay in appraisal reservoirs and approximately 65...

The move by Chevron to buy out Hess was not so much a surprise to Americas Market Intelligence (AMI) Director of Energy, Arthur Deakin. Why? Because of the current market trend of majors with deep pockets taking over smaller...

Official Statement His Excellency Dr. Mohamed Irfaan Ali, President of the Cooperative Republic of Guyana and Mr. Aubrey C. Norton, MP., Leader of the Opposition met at the Office of the President on Tuesday, October 24, 2023, to discuss the...

Venezuela’s national referendum on the Guyana border controversy is the latest in a series of actions from the Maduro regime in support of its claim to more than two-thirds of Guyana's territory. But Director of Energy at Americas Market...

The Government of Guyana has issued a strong statement expressing its firm rejection of the recent move by the National Electoral Council of the Bolivarian Republic of Venezuela to include questions in a national referendum, scheduled for December 3,...

In the first three quarters of 2023, Guyana received US$1.038 billion in oil revenues, representing a 32% increase compared to the US$786 million received during the same period in 2022. Disaggregated, the government’s natural resource fund (NRF) received US$872.83...