News

Noble Corporation Plc, which has four rigs operating offshore Guyana, reported US$33.59 million in earnings for the third quarter of 2022. This represented a significant improvement over the previous year where a net loss of US$23.67 million was recorded. The...

Guyana’s Vice President, Dr. Bharrat Jagdeo, is currently in the United Arab Emirates (UAE)—the third biggest oil producer in the Organisation of Petroleum Exporting Countries (OPEC) after Saudi Arabia and Iraq—where he is engaging senior government officials and investors. OilNOW...

The Guyana Shore Base Inc. (GYSBI) on Friday provided the Board of Industrial Training (BIT) with a financial contribution that will go towards the expansion and delivery of Technical and Vocational Education and Training (TVET). The cheque was received by the Minister of...

As it continues participation at COP27 in Sharm el Sheikh, Egypt, Guyana’s representatives are seizing every opportunity to spotlight the importance of a just energy transition and creating effective food security systems. Specifically, Minister of Natural Resources, Vickram Bharrat, who represented...

Chief Executive Officer (CEO) of Ramps Logistics Guyana Inc., Shaun Rampersad says the company’s recent victory in the court regarding its local status, represents a triumph for the country’s oil investment market. The company is due to receive its Local...

Petrobras maintained a solid third-quarter performance with a total of 3.65 million oil-equivalent barrels (MMboe) produced. A whopping 73% of production came from Brazil’s massive pre-salt basin. The state-owned entity on Friday said that the 1.94 MMboe represented a 2.6%...

The Georgetown Chamber of Commerce and Industry (GCCI) has been advocating for years that the steep learning curve Guyana’s businesses have had to adapt to, must be paired with greater access to finance. Recently, the President of the largest business...

Chief Justice Roxane George-Wiltshire S.C. ruled on Friday that the Minister of Natural Resources, Vickram Bharrat, and Director of the Local Content Secretariat, Dr. Martin Pertab, erred in their denial of a Local Content Certificate to Ramps Logistics Guyana...

Striking at the heart of issues impacting business in Guyana, the Georgetown Chamber of Commerce and Industry (GCCI)’s Business Development Forum opens today at 13:00 hrs, at the Pegasus Hotel Corporate Centre. President of the Georgetown Chamber of Commerce and...

To increase recognition for the invaluable service of world forests, Guyana has seized a golden opportunity to be one of the founding members of the Forest Climate and Leaders’ Partnership (FCLP) which was launched at COP27 in Sharm el...