News

A recent meeting between Guyanese officials and the world’s wealthiest asset managers focused extensively on the nation’s interest in strengthening its financial systems and management capabilities, says Vice President, Dr. Bharrat Jagdeo. The chief policy maker for the oil sector...

Over 40 Guyanese living in the Essequibo region were exposed to everything Gas-to-Energy as the Centre for Local Business Development (CLBD) funded by the Greater Guyana Initiative (GGI) hosted a recent training exercise.  Held on June 6, the training covered...

In an environmental and cost-saving leap forward, Hess Corporation has announced that it successfully electrified its four drilling rigs in Bakken, North Dakota, replacing the traditionally used diesel fuel with electricity. The shift is projected to cut down greenhouse...

Guyana’s Vice President, Dr. Bharrat Jagdeo, dispelled questions about whether Petrobras' withdrawal from Guyana’s inaugural offshore licensing round is linked to the controversy surrounding Venezuela's claim for Guyana’s territory. “Absolutely not!” was his response when asked. He argued that the Brazilian...

LNDCH4 has commenced the initial phase of its vendor and supplier identification in Guyana, with a view of developing a register of Guyanese firms to provide goods and services.  The joint venture of Lindsayca and CH4 has a tremendous task...

Dr. Bharrat Jagdeo, Vice President of Guyana, said the government has contributed US$100 million from the treasury towards the Gas-to-Energy project. The project's total cost is $US1.8 billion of which Guyana will plug US$759 million. It aims to establish a facility...

Data analytics and information service, GlobalData, said ExxonMobil’s Liza Phase 2 project offshore Guyana had the second-highest oil and condensate production in South America in 2022. It expects the project to produce until 2043. Below is a chart showing the...

The stay of execution granted by an Appellate Court Judge on a recent High Court order will go down well for Guyana’s global reputation, says Vice President, Dr. Bharrat Jagdeo. The High Court’s order had compelled an ExxonMobil-led consortium...

The Vreed-en-Hoop Shore Base (VEHSI) developers aim to create a state-of-the-art oil service facility that can essentially see Guyana relying less on outside help.  Director, Nick Boyer outlined in a recent update that VEHSI will have space for expansion to...

Guyana’s Appellate Court on Thursday granted ExxonMobil and its co-venturers a stay to the Supreme Court judgment that required it to provide an unlimited Parent Company Guarantee Agreement/or Affiliate Company Guarantee Agreement.  Failure to comply would have resulted in the...