News

Close to 70% of drilling at Kawa-1 completed, deepwater port activity progressing – CGX

CGX and its Joint Venture partner Frontera said in an update on Wednesday that drilling operations at the Kawa-1 prospect on the Corentyne Block offshore Guyana are proceeding on schedule and the well is progressing without a major individual...

Exxon provides US$45,000 weighbridge scale to landfill facility in Guyana

ExxonMobil Guyana said on Wednesday it has provided a truck weighbridge scale to the Ministry of Local Government and Regional Development for use at the Haags Bosch Landfill site aback Eccles on the East Bank Demerara. The scale is...

BHP encounters hydrocarbons at Calypso appraisal well in Trinidad

BHP Group Ltd. said on Tuesday that it encountered hydrocarbons at the Calypso appraisal well Bongos-3 in Trinidad and Tobago and that it plans to perform other well operations as part of the drilling programme. “In Petroleum, the Calypso appraisal...

Lowest energy rate in the region will see multiple sectors flourishing in Guyana – President Ali

Guyana’s President, Dr. Irfaan Ali, told reporters at a press conference in Dubai this week that the new oil producing country is on the verge of realizing its full ‘second to none’ investment potential with the arrival of low-cost...

Dubai-based manufacturing company using Guyana as regional springboard

Some companies serving the Guyanese oil industry are moving their regional offices to Guyana, as the country is gearing up to be one of the oil provinces which will hold out the longest throughout the global energy transition. According...

Guyana-UAE joint venture to erect US$5M manufacturing facility to support oil sector

Guyana's oil sector is set to benefit from the construction of a 20,000 square foot manufacturing facility, resulting from a joint venture between Guyanese owned Global Infrastructure Solutions Guyana Inc. and Emirati owned Unidome Global DWC LLC. The US$5 million...

Exxon set to begin public discussions on Guyana’s largest offshore project

ExxonMobil local affiliate Esso Exploration and Production Guyana Limited (EEPGL) is forging ahead with its fourth offshore project at the Stabroek Block, the largest to date, at the Yellowtail Development. The company has since submitted the Environmental Impact Assessment (EIA)...

Guyana could hit full employment capacity soon; gov’t may consider active immigration policy – VP

With three major oil production projects already approved and a fourth one on the way, Guyana’s Vice President Dr. Bharrat Jagdeo said the logistics onshore and related investments in hotels and real estate to manage these developments will run...

Brent climbs above $85 as oil prices hit multi-year high

(Reuters) - Oil prices hit multi-year highs on Monday buoyed by recovering demand and high natural gas and coal prices encouraging users to switch to fuel oil and diesel for power generation. Brent crude oil futures were up 59 cents,...

Government proceeding with caution in major oil production ramp-up, Guyana VP tells Ghana radio

For a country the size of the United Kingdom, a huge forest the size of England, which is part pf the Amazon, massive rivers, waterfalls, large deposits of minerals and fertile lands for agriculture, Guyana’s decline in fortunes has...

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Guyana launches Global Student Exchange with EU & UG on health, oil and gas, engineering sectors

The European Chamber of Commerce Guyana (ECCG), in partnership with the European Union and the University of Guyana (UG),...