News

With an average volume of 300 million barrels of oil equivalent per discovery and a record 80 percent success rate, the pioneering oil fields offshore Guyana, particularly at the prolific Stabroek Block, continue to deliver big pay with low...

(S&P Global Platts) YPF, the biggest oil and natural gas producer in Argentina, is doing preliminary studies to prepare for building LNG export capacity as gas production grows in the giant Vaca Muerta shale play and projects get underway...

Organizations such as the Paris-based International Energy Agency (IEA) have recommended that there be no new petroleum exploration projects if the world is to avoid more catastrophic effects of climate change. But another report by two recognized organizations is...

Head of the Environmental Protection Agency (EPA), Kemraj Parsram has taken a proactive approach for the future monitoring of discharges from oil operations offshore. On Thursday, the Chief Environmental Regulator and members of his Petroleum and IT Departments met...

Guyana's Vice President Dr. Bharrat Jagdeo has given confirmation that the amendments to the Natural Resources Fund (NRF) and the local content Bill will be tabled in the National Assembly next week Thursday, December 16. The Vice President confirmed...

Managing Director of Republic Bank Limited, Mr. Nigel Baptiste recently disclosed that the financial institution intends to arrange US$200 million to go towards activities that reduce the impacts of climate change and create environmental solutions by 2025. The President and...

Guyana’s Vice President Dr Bharrat Jagdeo has announced that ExxonMobil has been given the proverbial green light by the government to conduct studies on carbon capture and storage (CCS) so that the company may utilize it in its local...

Guyana’s Vice President, Dr. Bharrat Jagdeo remains adamant that developing countries have a right to pursue prosperity through the commercialization of their natural resources in the same way rich countries have done, and continue to do, on a massive...

Multiple projects, some underway and others poised to be rolled out, represent around US$30 billion in foreign direct investment for Guyana and are set to plug billions of dollars into the economy of this new oil producing nation. Speaking at...

As nations across the world observed International Anti-Corruption Day on Wednesday under the theme, “Your right, your role: say no to corruption, " U.S. Ambassador to Guyana, Sarah-Ann Lynch registered her support, and that of her home country, for Guyana’s...