News

With Guyana poised to become a major oil and gas producer in the region, Leader of the Alliance for Change (AFC) and Minister of Natural Resources, Raphael Trotman, says amendments to 155 (1) (a) of the Constitution of Guyana...

Guyana’s former Minister of Natural Resources and the Environment Robert Persaud says Russia has no business meddling with Venezuela’s march to a liberal democracy and called for the Government of Guyana to be clear on its stance on the...

Suriname state oil company Staatsolie began a near-shore drill campaign on Tuesday with the West Castor drilling platform. Waterkant reports that this involves drilling, where Marai is the first well off the Surinamese coast. A test drilling of the American Apache...

The South American country of Venezuela, which holds the world’s largest oil reserves, is low on energy, with widespread blackouts and new plans to ration electricity. Venezuelan President Nicolás Maduro announced on Sunday that his country will ration electricity, a...

US oil major ExxonMobil is weighing the sale of a suite of oil and gas fields in Nigeria for up to $3 billion as the company focuses on Guyana’s Stabroek Block and investments in the US Permian Basin, Reuters...

Saudi Aramco was the world’s most profitable company in 2018, according to an extract of the oil producer’s accounts published by Moody’s Investors Service, Bloomberg reports. The company, Bloomberg said, is preparing to raise debt in part to pay for the acquisition...

- ExxonMobil Guyana says support for small enterprise will continue  The third edition of the Guyana Manufacturing and Services Association’s (GMSA) UncappeD Marketplace – an event being held to promote agro-processors in Guyana - saw significant improvements being made in...

Guyana’s Minister of Education Nicolette Henry said that her ministry is planning to introduce oil and gas into the school curriculum to ensure that the country is prepared for its new economic realities. Speaking with Raj Kumar, President and Editor-in-Chief...

Guyana’s Ministry of Finance is in the process of putting together the Public Accountability and Oversight Committee of the Natural Resource Fund being set up to manage billions of dollars expected from oil production. The Natural Resource Fund bill was...

Authorities in Guyana are looking to update the country’s maritime legislation in the context of the emerging oil and gas industry. This is according to Minister of Public Infrastructure, David Patterson, speaking at a one-day Maritime conference held at the...