News

The Georgetown Chamber of Commerce and Industry (GCCI) has become a member of the CARICOM Private Sector Organization (CPSO), a service organization that mobilises and advances private sector participation within the Caribbean Community and Common Market (CARICOM).  The Chamber announced...

Head of Trinidad and Tobago’s Permanent Local Content Committee, Jemma Langley, Thursday advised Suriname to conduct a gap analysis. In the context of local content and the oil and gas sector, a gap analysis would measure the actual capacities and...

Promoting the upcoming Gas-to-Energy project, Guyana President Dr. Mohamed Irfaan Ali said the landmark energy initiative has undergone every single test of public scrutiny and passed. “As far as I’m aware, every single question has been provided with an answer...

Upskilling Guyanese to adequately service Guyana’s massively expanding oil and gas sector is a priority of the Dr. Mohamed Irfaan Ali-led government. In seeking to achieve this goal, President Ali announced Thursday that over US$100 million will be invested...

ExxonMobil said it will be selling Canada assets later this year for a total cash consideration US$1.47 billion. Exxon’s affiliates in Canada, Imperial Oil and ExxonMobil Canada, entered into an agreement with Whitecap Resources Inc. for the sale of XTO...

India is facing severe pressure from triple-digit oil prices and a rising import bill which is prompting one of the world’s top three largest oil importers to look beyond traditional exporting regions, such as the Middle East, for term...

Paramaribo, Suriname – On Tuesday, Suriname and Trinidad and Tobago (TT) further deepened the partnership between their energy sectors with the signing of a Memorandum of Understanding (MOU) between Staatsolie Maatschappij Suriname N.V. and TT state-owned energy companies – Paria Fuel...

When Guyana first earned money for the conservation of its forests, it was determined to make sure the proceeds promote the same climate consciousness that sprouted the Guyana-Norway Partnership. So, it used the resources to compile a Climate Resilience Strategy...

Ramps Logistics says it will accede to document requests made by the Local Content Secretariat, in its bid to be placed on Guyana’s Local Content Register. It said this in a statement after receiving a letter from the Secretariat’s Director,...

Paramaribo, Suriname – Suriname’s recent oil finds in Block 58 put the South American nation’s recoverable resource count at over five billion oil-equivalent barrels. But that number is merely a tiny fraction of what is believed to be held...