News

When the World Bank released its latest global economic forecast, the President of the international institution David Malpass wrote that for many countries, “recession will be hard to avoid.” In that same report, the World Bank projected that Guyana is...

Guyana’s Environmental Assessment Board (EAB) is set to hear concerns surrounding ExxonMobil’s planned 12-well drill campaigns for the Kaieteur and Canje offshore blocks on June 30. A notice published by the EAB on Monday outlined that the public hearing will...

APA corporation, an affiliate of Apache Corporation, said it encountered water-bearing reservoirs at Rasper well in the northwestern area of Suriname’s Block 53. “The well encountered water bearing reservoirs in the Campanian and Santonian intervals, evaluation of the open hole well...

Even as the world transitions to renewable energy, demand for fossil fuels will remain robust over the next 20-30 years. Guyana’s low cost, low carbon barrels are best positioned to meet this demand and the South American country has...

While some international groups have advised that nations move swiftly towards the diversification of their energy mix with renewable resources taking the lead, Trinidad and Tobago’s Prime Minister, Dr. Keith Rowley, said his home country is taking a different...

Following the request for proposals in relation to partner selection for the North Field East (NFE) liquified natural gas project, TotalEnergies has been awarded a 25% interest in a new joint venture (JV), alongside national company QatarEnergy (75%). The...

Against the backdrop of a decline in proven natural gas reserves in North America, Guyana's President, Dr. Mohamed Irfaan Ali is advocating for Trinidad and Tobago’s gas reserves to be part of the solution. The Head of State made...

The World Bank’s latest economic assessment has found that the new oil producing country of Guyana is experiencing an increasingly serious shortfall in its labour market, as training offerings have not adapted to the emerging needs of the economy. The...

The Inter-American Development Bank (IDB), one of Guyana’s key development partners, has praised local authorities for their unfailing commitment to devise a pragmatic and comprehensive plan for using oil resources to fuel a greener economy. In one of its loan...

Guyana is expecting more than 150 international and local companies to participate in the International Building Expo, set to take place July 22-24 at the National Stadium, Providence, East Bank Demerara. The expo will create an opportunity for local, regional,...