News

Last year, the International Energy Agency (IEA) produced a Net Zero by 2050 Roadmap discussing its comprehensive study of how to transition to a global net zero energy system by 2050, while providing universal energy access and robust economic...

The giant Saipem 7000 heavy lift crane vessel partially capsized on Thursday during a lifting incident in a fjord in Norway. Reports from the Norwegian Maritime Directorate suggest that all 275 crew members were rescued; no injuries were sustained. Norwegian Media...

A United States Geological Survey estimated in the year 2000 that the Guyana-Suriname basin's reserves stand at 13.6 billion barrels of oil and 32 trillion cubic feet of gas, but subsequent discoveries and surveys have taken updated estimates way beyond...

Fitch Solutions, regarded as one of the top three credit rating agencies in the world, has upped its growth forecast for Guyana this year on account of high oil prices. The report from Fitch Solutions Country Risk & Industry...

While some environmental and other interest groups have criticized Guyana over the rapid pace at which the South American nation is developing its oil and gas resources, with some even calling for it to be left in the ground,...

A Memorandum of Understanding (MoU) signed between Guyana and Canada will see the two nations building firmer ties to see expanded trade relations and greater cooperation. The agreement was signed on Tuesday by Guyana’s Minister of Finance, Dr. Ashni Singh...

Lethem and Bartica, two of Guyana’s towns, will see significant savings in fuel costs and emissions, with the addition of solar farms there. Prime Minister, retired Brigadier Mark Phillips visited the more recent construction at Bartica on Tuesday, which is...

High-impact exploration in deepwater plays is reserved to major oil players – like ExxonMobil, TotalEnergies, BP, Royal Dutch Shell – and a few leading National Oil Companies (NOCs). The reason, according to UK-based consultancy group Wood Mackenzie, is because only...

Investors have signaled their interest in constructing an oil refinery in Guyana’s Region Six with the government already receiving six proposals to consider, according to the President, Dr. Mohamed Irfaan Ali. “We have more than six proposals for refineries, small...

CGX Energy and Frontera Energy Corporation have sealed a US$35 million loan agreement that will see CGX Energy continue plugging more funds in the Corentyne Block and the Berbice Deepwater Port along with other costs associated with the deal. The US$35 million...