News

Chief Executive Officer of Hess Corporation, John Hess will be plugging nearly US$32 million into a nationwide program to revolutionise public healthcare in Guyana. President Dr. Mohamed Irfaan Ali revealed this during a signing ceremony on Friday for the...

Guyana’s Low Carbon Development Strategy (LCDS) 2030 considers the implications of the changing climate on every sector, including public health. Government’s health policy under its LCDS 2030 was framed with certain learnings in mind. These include that climate change has...

Investors have already lined up to grab Suriname’s deepwater blocks when the auction opens later this year. But Staatsolie’s Offshore Vice President, Glenn Corrie is urging that attention also be paid to the shallow water auction set for 2023. That...

Following the culmination of the annual Heads of Government meeting of the Caribbean Community and Common Market (CARICOM) in Suriname, leaders issued a communique reiterating the regional body’s support for Guyana’s sovereignty and territorial integrity, as Venezuela persists with...

The global energy crisis has seen the re-emergence of Venezuela’s oil and gas industry, dragging the country out of more than a decade-long economic slump. A LatinFocus Consensus Forecast conducted by FocusEconomics sees the Spanish-speaking nation’s economy expanding by 9.8%...

U.S oil major Shell, operator of the Edinburgh exploration well (30/14a- 5), has failed to hit commercial quantities of hydrocarbons at the prospect, along with partners DNO and Spirit Energy. The well, drilled in offshore UK license P255, is being plugged and abandoned. DNO...

Increased deepwater action offshore Suriname has created a need for large port facilities to service the nation’s expanding oil and gas industry. Three companies; the Emirati-based DP World, HJ de Vries Project Development N.V. and FIRM Engineering N.V. have partnered to fill...

Dominic Gaskin, who served as Guyana's Minister of Business under the previous administration, says Guyana’s take from oil production activities at the Stabroek Block will increase in the future. Mr. Gaskin made this comment in a letter published in the...

If the Guyana government were to impose a cap on the expansion of Guyana’s oil and gas operations by, say, not approving any more projects, it would essentially be killing the momentum in the local supply industry. According to...

President of Guyana, Dr. Mohamed Irfaan Ali said the government and households will see direct savings once the first phase of the landmark Gas-to-Energy project is delivered. He provided estimates during a recent State House event, outlining the project details. “We...