News

With the rapid pace of Guyana’s development, Vice President Dr. Bharrat Jagdeo said the country would eventually need to import labour to support the increasing demand sometime in the near future. He made the comments during an online discussion on...

Non-OPEC countries are expected to produce 65.97 million barrels of oil per day (b/d) in 2022, a year-on-year rise of 2.4 million b/d compared with 2.7 million b/d forecast last month. The oil cartel said the main drivers of supply...

In its latest Upstream Report released this month, Rystad Energy said when comparing capex guidance for 2022 with actual spending in 2021, US oil major ExxonMobil is among those companies set to face the largest year-on-year growth. Hess Corporation,...

Italian multinational oilfield services company, Saipem, recently launched its new sustainable technology for subsea pipelaying, touted as one that considerably reduces environmental impacts on the seabed. The “Underwater Cold Bending” technology was unveiled during the Offshore Technology Conference (OTC) in Houston, the leading international events in the offshore energy...

Former Energy Minister of Trinidad and Tobago, Kevin Ramnarine said that natural gas production in 2021 was the lowest in 18 years. In a LinkedIn post, Ramnarine said it will require creative thinking to drive economic growth. He said that...

Guyana’s Private Sector Commission (PSC) on Thursday re-elected Paul Cheong as Chair, and he already has big plans for the countrywide business service organisation. A major part of that is pushing for better access to finance for businesses, especially small...

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...

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...

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...

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...