News

ExxonMobil Guyana has confirmed that its Corporate Social Responsibility (CSR) expenditure for the period 2015 to 2022 exceeds US$15 million (GUY$3 billion). Most of this investment has focused on transforming the lives of women and youth through comprehensive capacity-building...

The US-based partnership CH4/Lindsayca has been given the green light from the Guyana government to construct the 300-megawatt (MW) combined cycle Power Plant and Natural Gas Liquids (NGL) Facility for its transformative Gas-to-Energy project. President Dr. Mohamed Irfaan Ali in...

For 2021, the Guyana Revenue Authority (GRA) said it waived GY$266.77 billion, equivalent to US$1.28 billion, in tax exemptions as compared to GY$137 billion (US$657 million) in 2020. This represents an increase of GY$129.77 billion (US$622.42 million) or 94.78% over the corresponding period. The Commissioner General, Godfrey Statia, was keen...

Even as it awaits the conclusion of a judicial review of the State’s decision to not grant it a Local Content Certificate, Ramps Logistics Guyana (RLG) said on Monday that it remains committed to supporting the expansion of the...

Staatsolie Hydrocarbon Institute (SHI), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V., has announced the launch of a competitive bid round of six new blocks in the Demerara acreage of Suriname. It said the blocks are located east to the current offshore discoveries,...

Dutch floater specialist SBM Offshore has signed an MoU with ExxonMobil Guyana for construction of a multi-purpose floater hull for use on a future floating production storage and offloading (FPSO) project. SBM made the announcement today via its LinkedIn page. “ExxonMobil and...

Head of Guyana’s Local Content Secretariat, Dr. Martin Pertab shared during the opening ceremony of the Guyana Supplier Forum 2022, that the oil and gas sector has exceeded targets set for the training and hiring of Guyanese nationals to...

The Guyana government on Monday issued its third notification to the National Assembly of all revenues deposited into the Natural Resource Fund (NRF). This notification was presented by Senior Finance Minister, Dr. Ashni Singh for the period July 1, 2022,...

Though energy security and independence will be top of mind at the 27th United Nations Climate Change Conference, also known as COP27, Guyana has a golden opportunity to establish itself as a global leader on another critical but interlinked matter—food...

Guyana and the European Union (EU) signed a landmark Memorandum of Understanding (MoU) on the sidelines of COP27 in Egypt on Tuesday for the provision of €5 million to advance forest governance programmes. The “Forest Partnership Memorandum of Understanding” was signed by the President of the European Commission,...