News

Guyana is now closer to launching its first major initiative in renewable energy. The Environmental Protection Agency (EPA) recently granted approval for construction of the US$45M Hope Wind Farm Project. This represents the first substantial utility-scale renewable energy initiative...

The Private Sector Commission (PSC) of Guyana and the Suriname Trade and Industry Association held the first meeting of the Guyana-Suriname business council in Paramaribo after it was formed to tackle several broad, ambitious cooperation objectives. The council consists of...

Guyana’s President Dr. Mohamed Irfaan Ali underscored the need for Guyana to build long term resilience against disruptions caused by oil and gas price volatility, during an address at the commissioning of a well on Tuesday, to improve access...

For those seeking to mount any legal challenge to Guyana’s Local Content Act, Member of Parliament (MP) and Attorney-at-Law, Sanjeev Datadin has categorically stated that such entities would be doing so at their own peril since the government will...

CGX Resources Inc. is in search of some vessels and services to support its drilling of the Wei-1 well in the Corentyne block in July, using the Maersk Discoverer rig. The company is planning to place agreements for three offshore...

Rising commodity prices in Guyana now worsened by fallout from the Russia-Ukraine war is seeing calls being made by the political opposition for government to tap into the Natural Resource Fund (NRF) and use a portion of the increased revenues...

The free Accelerate-Her mentorship programme for women entrepreneurs, introduced last year through the Centre for Local Business Development (CLBD), has been extended for a second year thanks to the patronage of the Stabroek Block co-venturers through the Greater Guyana Initiative...

(Bloomberg) — Canada’s slumbering oil industry is beginning to stir. For years, the country’s drillers, like those in the shale fields of West Texas, have been under great pressure from their investors to avoid the kind of expansion plans that...

Since Russia’s invasion of Ukraine on February 24, 2022, international observers predicted that harsh sanctions on the Vladimir Putin administration could propel oil prices to a record-breaking US$200 a barrel, US$53 higher than it ever was on July 11,...

The private sector in Guyana has been given a welcome boon by the government, after the effect that global supply chain bottlenecks and war in eastern Europe have had on commodity prices and working-class pockets. After nearly two years of...