News

After streamlining the 165 megawatts (MW) Amaila Falls hydropower project for 2027, the Guyana Energy Agency (GEA) has started site evaluations for a second hydropower project, its chief executive officer Dr. Mahender Sharma said recently. Amaila had chosen to be the...

The subsea umbilicals, risers, and flowlines (SURF) facilities for the Yellowtail project will be the largest to date offshore Guyana with over 50 development wells planned, making the contract for the supply and installation of this equipment among the...

The rapid increase in offshore oil and gas operations is resulting in more marine traffic passing through Guyana’s main channel, the Demerara River. Dredging is required to facilitate this increase, and the government intends to do that in less...

(Reuters) - Oil slumped nearly 5% to the lowest in almost two weeks on Monday, extending last week's decline as concern grew that prolonged COVID-19 lockdowns in Shanghai and potential increases to U.S. interest rates would hurt global growth...

While much of the global dialogue on energy transition from fossil fuels to renewables tends to focus on majors like ExxonMobil and Shell, it is the national oil companies (NOCs) that must be part of the conversation as well,...

In a bid to foster closer relations with Zimbabwe, Guyana President, Dr. Irfaan Ali extended an invitation for businesses there to come take advantage of the South American nation’s investment opportunities. President Ali made the call as he accepted Letters...

As business activity continues to ramp up in the newest oil producing country in Latin America and the Caribbean, investors are betting big on new ventures which are set to change the face of Guyana in coming years. On Friday,...

As Guyana prepares to receive its first entitlement lift of Unity Gold from the Liza Phase Two development, government expects about US$106 million to be deposited into the Natural Resource Fund from its sale. “The usual lifting entitlement amount of...

GAICO Construction and General Services Inc. started from humble beginnings; with a little bobcat doing small-scale construction. But now, the company has blossomed into a large-scale venture plugging millions into Guyana's development. Its latest contribution is the acquisition of the...

After launching its inaugural oil and gas seminar for high schools students last November, the Guyana Oil and Gas Energy Chamber (GOGEC) has successfully trained students from 18 schools, its President Manniram Prashad told OilNOW on Friday. “We have completed about 18...