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Norway wants to contribute to increased renewable energy mix in Guyana – Envoy

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As the global energy transition kicks off, the recently accredited Norwegian Ambassador to Guyana, Odd Magne Ruud, has shared that his home country is willing and able to contribute to an increased renewable energy mix in the South American...
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New oil producing nation remains focused on diversification; gears for inaugural Agri Expo

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Determined to avert the perils associated with the Dutch Disease; a phenomenon that has weakened regional counterparts like Venezuela and Trinidad and Tobago, Guyana is advancing several efforts to have a highly diversified economy. Along with the GY$22B budgetary allocation...
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Kawa-1 points to hydrocarbon potential in Guyana-Suriname shallow water acreage – IHS Markit

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IHS Markit, an industry-leading information services provider that merged this year with S&P Global, believes petroleum exploration success in Guyana has taken on a new dimension, particularly with the recent hydrocarbon discovery at the Kawa-1 well in the offshore...
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AccelerateHer 2.0 women entrepreneurship program launched, with support from Stabroek Block partners

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A new batch of women entrepreneurs embarked on the second iteration of the Centre for Local Business Development’s women entrepreneurship program called AccelerateHer on Friday evening at the Pegasus Hotel in Georgetown. More than 130 women owners, operators and managers from seven...
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Guyana oil fund increases by $4.4 billion in April from interest, royalty payments

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Guyana’s Natural Resource Fund (NRF) balance increased by GY$4,427,198,000 in April, according to a report from the Central Bank of Guyana. GY$4,390,903,000 (approximately US$21,059,487) in royalties were paid by Stabroek Block co-venturers in the month of April, and deposited into...
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Consultations underway on environmental study for Exxon’s fifth Guyana development

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The Environmental Protection Agency (EPA) has instructed ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) to submit an Environmental Impact Assessment (EIA) for its next mammoth-sized oil project at the Stabroek block’s Uaru field. The regulatory body noted that...
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NOC, Hydrocarbon Institute could make Guyana a more relevant player in oil supply chain – Surinamese Economist

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Should Guyana pursue the establishment of a National Oil Company (NOC), it would certainly serve as a catalyst for making it a more relevant and stronger player in the global oil supply chain, says Steven Debipersad an economist and...
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Be vigilant in reporting when local suppliers are overlooked for foreigners – PSC official

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Months after the passing of Guyana’s landmark Local Content Act, Chairman of the Building and Infrastructure sub-Committee of the Private Sector Commission (PSC), Edward Boyer is urging businesses to report promptly, cases in which capable Guyanese are overlooked for foreigners in...
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Update: Hull for Guyana’s largest approved oil project delivered

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SBM Offshore said in a first quarter trading update that the hull for the ‘ONE GUYANA’ floating production, storage, and offloading (FPSO) vessel has already been delivered. ‘One Guyana’ will deliver biggest daily production for new oil nation It is a...
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Trinidad’s signature energy conference returns on May 31

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Trinidad and Tobago’s premier energy event – the Trinidad and Tobago Energy Conference & Trade Show 2022 is set to return on May 31. The conference will be held at the Hyatt Regency Hotel and will end on June 2. It is being held under the...
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Exxon gives back portion of Stabroek Block to Guyana government

ExxonMobil and its partners in Guyana have relinquished 2,534 square kilometers of the Stabroek offshore oil block to the...

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