Trinidad and Tobago truly offers a lesson to Guyana on what not to do with its vast oil and gas revenues, as the twin-island Republic struggles to keep its economy afloat with the earnings being garnered each year.
Its Prime...
CIC Insurance Brokers Guyana Inc., a full-service insurance brokerage, which is majority owned and controlled by local conglomerate, ZARC Group of Companies, has appointed Gavin Ramsoondar, a young business professional, to its Board of Directors.
Ramsoondar, who will also serve...
New oil producer Guyana continues to advance steps towards greener energy sources. Senior Finance Minister, Dr. Ashni Singh on Tuesday signed a US$83.3 million agreement with the Inter-American Development Bank (IDB) to fund eight utility-scale photovoltaic solar projects totalling 33 megawatt-peak...
Recently updated information from Guyana’s Petroleum Management Programme shows Stabroek Block oil production averaging 372,000 barrels per day (bpd) for the period August 1-15, 2022.
Production in this period reached its lowest on August 4 with just over 245,000 bpd,...
With Guyana’s current estimated recoverable gas totalling over 17 trillion standard cubic feet, the government has already commenced efforts to determine the best use for these resources. The government reminded, in its 2022 mid-year report, that under the Yellowtail...
Given that Guyana’s 2022 Budget prioritises spending on capital projects as opposed to rapid increases in recurrent expenditure, financial analyst and researcher, Joel Bhagwandin says this is a clear indication that the country is making decisive efforts to steer clear of the Dutch...
Pursuing an aggressive drill campaign, Stabroek Block operator – ExxonMobil – has moved on to the Banjo-1 and Sailfin-1 wells as it looks to find more oil offshore Guyana.
According to notices published by Guyana’s Maritime Administration (MARAD) over the...
Guyana’s infrastructure boom will see urban settlements undergoing significant expansion over the years. But what does this mean for the country’s carbon footprint?
According to the government’s transition plan, outlined in the Low Carbon Development Strategy (LCDS) 2030, Guyana’s energy...
CEO of Hess Corporation, John Hess, says his company is determined to play a lead role in fostering positive social development in Guyana. Speaking at a forum last week, he pointed out that all oil companies operating in the...
Brazil’s state-owned Petrobras decided to end the divestment process for a sale of its entire stake in a Brazilian deepwater field - Albacora concession - to PRIO, formerly PetroRio, as both parties have failed to come to an amicable...
