News

Cybele Energy says legal, administrative and transaction-related processes have taken longer than expected as Guyana continues to await payment of a signing bonus associated with the company's offshore exploration licence. The Ghanaian company issued the response after local media reports...

Guyanese businesses must take a more active role in developing local talent if the country is to fully realize the benefits of its expanding economy, Minister of Labour and Manpower Planning Keoma Griffith said on June 3. Griffith explained that...

ExxonMobil Guyana Limited (EMGL) is seeking suppliers for network printer maintenance and support services in Georgetown under a new Request for Information (RFI) published through the Centre for Local Business Development (CLBD) on May 29. The RFI invites companies to...

Suriname is positioning its offshore sector as a low-cost, low-carbon investment opportunity as it considers incentives to attract more oil and gas exploration capital, Minister of Oil, Gas and Environment Patrick Brunings said. Brunings told Platts, part of S&P Global...

Barbados has begun direct negotiations with companies interested in offshore oil and gas exploration, with the government saying environmental performance and methane management will be key considerations in selecting future partners. Acting Prime Minister and Energy Minister Kerrie Symmonds said...

Minister of Labour and Manpower Planning Keoma Griffith declared on Wednesday that Guyana cannot afford to produce anything less than a “world-class workforce for a world-class economy…” Speaking on day two of the fourth annual Local Content Summit, Griffith reported...

Michael Munroe, Director of the Local Content Secretariat, said the body is developing a framework aimed at closing skills gaps and expanding workforce development opportunities for Guyanese businesses in the oil and gas sector.  In his address at the Local...

Brazilian oil company, Petrobras, announced more than R$70 billion (US$13.6 billion) in investments in Sergipe on May 29 during President Luiz Inácio Lula da Silva’s visit to the company’s fertilizer plant in Laranjeiras, Brazil.  Petrobras credits stronger Brent prices, fuel...

ExxonMobil says an artificial intelligence model built using Guyana’s offshore seismic data was able to identify already-discovered crude oil accumulations with a 90% success rate. Neil Chapman, Senior Vice President of ExxonMobil, said the model forms part of the company’s...

Guyanese businesses should not view the 40 categories listed under the Local Content Act as the only opportunities available in the country’s oil and gas sector, Finance Minister Dr. Ashni Singh said Tuesday. Speaking at the opening of the fourth...