News

U.S Development Bank looking to “move to action very quickly” on Guyana investments

The historic six-agency delegation that was led by the U.S Development Bank on a visit to Guyana on Tuesday is looking to move ahead quickly in making investments, particularly in the area of large infrastructure projects in South America’s...

Suriname delegation for Guyana visit today to further talks on cooperation on O&G, other opportunities

Two months after the President of Guyana, Dr. Mohamed Irfaan Ali, and Surinamese President, Chandrikapersad Santokhi, met and agreed to cooperate in areas including oil and gas, a Ministerial delegation from Suriname including the Minister of Foreign Affairs, International...

Guyana, Qatar to collaborate on oil and gas, portable military hospitals for pandemic fight

Guyana’s President, Dr Mohamed Irfaan Ali, on Tuesday discussed several key areas of collaboration and cooperation with the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, during a telephone conversation. According to a press release from the Office of...

There must be a balance between safety and economic survival – Guyana President says as airports reopen

International air travel has been restored in the new oil producing South American country of Guyana after several months of lockdown due to the global pandemic. The move by the new government to reopen the country’s two international airports...

OPEC cuts 2021 oil demand forecast again as virus cases rise

(Reuters) - World oil demand will rebound more slowly in 2021 than previously thought as coronavirus cases rise, OPEC said on Tuesday, adding to headwinds faced by the group and its allies in balancing the market. Demand will rise by...

Instead of strict requirements, Guyana could incentivize companies to achieve local content targets – Dr. Marcel

When oil producing nations pursue the development of a local content policy, one of the challenges that often emerges, is striking the balance between a policy that is not too rigid and one that’s still not watered-down. As Guyana...

AMCHAM T&T gearing up for first virtual safety and environment conference

The American Chamber of Commerce Trinidad and Tobago (AMCHAM T&T) will host the 24th Annual Health, Safety, Security and Environment (HSSE) Conference and Exhibition to be held virtually from October 19 – 23, 2020. Over the duration of the conference, a...

Delegation from U.S to discuss investment opportunities in South America’s newest oil producing nation

Almost one month after U.S Secretary of State, Michael Pompeo, and Guyana’s President, Dr. Mohamed Irfaan Ali, signed a  Memorandum of Understanding (MoU)  on energy and infrastructure, a Government delegation from the U.S will be in Guyana to discuss...

ExxonMobil funds aerial monitoring system for Iwokrama rainforest

The Iwokrama International Centre announced Monday that with funding from ExxonMobil Guyana it is now able to remotely monitor the Iwokrama forest using drone technology. The drone, which has communication capability, will help to significantly monitor areas of the forest...

BP hits first gas at Phase 2 of Block 61 development in Oman

BP announced on Monday that production has begun from its Block 61 Phase 2 Ghazeer gas field in Oman, 33 months after the development was approved. The company said Ghazeer was initially expected to come into production in 2021. The...

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Guyana fabricators support Hammerhead FPSO with 100 ton steel output

A hundred metric tons of steel for ExxonMobil’s Hammerhead floating production, storage and offloading (FPSO) vessel has been fabricated...