News

Following the circulation of a video on social media depicting an unidentified substance on the surface of Guyana’s offshore waters, Head of the Environmental Protection Agency (EPA), Kemraj Parsram told OilNOW that investigations are being carried out to ascertain...

Since the Centre for Local Business Development opened its doors in 2017 in Guyana to help local businesses build capacity and prepare for opportunities in the oil and gas sector, there has been a more than 200 percent increase...

Guyana’s multi-billion-barrel hydrocarbon resources and the spin-off business opportunities being created across several sectors of the economy continue to attract foreign investors from around the world. On Saturday the country’s President, Dr. Irfaan Ali highlighted the need for investment opportunities...

Guyana’s president, Dr Irfaan Ali on Friday evening challenged the private sector to build a winning culture and to take advantage of non-traditional opportunities that will become available as Guyana continues its rapid growth and expansion, fuelled by over...

With the objective of further intensifying Guyana-Ghana relations, Vice President of this West African nation Dr. Mahamudu Bawumia arrived in Guyana at the Cheddi Jagan International Airport (CJIA) on Saturday afternoon. Over the next three days the Ghanaian VP, his...

The new Omicron variant of Covid-19 could cost the global oil market as much as 2.9 million barrels per day (bpd) of demand in the first quarter of 2022, bringing total expected demand down from 98.6 million bpd to...

Following the publication of an Expression of Interest (EOI) in July for investors to collaborate with the Guyana government and ExxonMobil on the US$900 million gas-to-energy project, authorities have received over 30 responses, says natural resources minister, Vickram Bharrat....

Following its latest analysis of supply costs within the upstream sector, Rystad Energy, a research and business intelligence company based in Norway, has found that new oil discoveries are now more competitive and cheaper to produce. Expounding in this regard,...

Fruitful discussions continue between Guyana and the West African nation of Ghana. The two countries held a meeting this week to press on with a joint consultation on Guyana’s Natural Resources Fund (NRF) and its highly anticipated local content...

Creating local jobs, building capacity and focusing on in-country value from monies spent are key elements of local content and cannot be seen in isolation of the broader economy. So says Director of the Centre for Local Business Development,...