Guyana’s Vice President, Dr. Bharrat Jagdeo told reporters on Monday that the government has targeted a 70% reduction in emissions associated with electricity generation by 2027. Initially, the Government will be aiming to reach 50% reduction by 2025.
“We’d be...
(CNBC) Some of the world’s largest polluters were under the spotlight at the COP26 summit Monday, as countries outlined their commitments on climate change.
India’s prime minister, Narendra Modi, pledged to reach net-zero carbon emissions by 2070, a date two...
Guyana’s President Dr. Irfaan Ali staunchly believes that if oil and gas is the bedrock of today’s global economy, then rich and diverse ecosystems ought to be its future.
Considering this view, the Head of State during a recent press conference underscored the...
Eco Atlantic Oil and Gas Limited, one of the joint venture partners on the Orinduik Block offshore Guyana, disclosed to the market on Monday in an Operational Update and Notice of AGM, that work is still progressing on target...
Even though it has been six years since the world-class Liza-1 discovery, the Guyana-Suriname Basin continues to hold captive, the interests of explorers as it manifests the hallmarks of a prolific emerging hydrocarbon province, says Gerard Walsh, Chairman of...
The countdown to the United Nations 26th Conference of Parties (COP26) has come to an end. In Glasgow, Scotland, world leaders, diplomats, ambassadors, members from the global civil society and all manner of stakeholders prepare for the second day...
Asking new, developing producers like Guyana to leave its oil resources in the ground or to produce some of it at a slow pace is not the answer to achieving a decarbonized world. The key lies in putting a...
As Guyana’s geopolitical importance continues to grow, stronger bilateral relations are being sought with some of the world’s longstanding oil producers. This is particularly the case with the United Arab Emirates (UAE), the third-largest producer in the Organization of...
(S&P Global Platts) The Mexican government has reduced the tax rate that state oil company Pemex will pay in 2022 to 40% from 54% currently, which could help it achieve its goals of producing a little over 2 million...
This article was first published in the T&T Business Newsday on October 21, 2021.
ExxonMobil recently announced that their recoverable oil and gas resources in Guyana had reached an incredible 10 billion barrels of oil equivalent. The first discovery was...