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Guyana President urges private sector to become more innovative at opening of GuyTIE 2018

The inaugural three-day Guyana Trade and Investment Exhibition (GuyTIE) was officially opened by President David Granger on Thursday at the Marriot International Hotel in Guyana's capital, Georgetown. Fifty-six exhibitors and over 100 potential buyers and investors are expected to participate...

ExxonMobil, Chevron and Occidental join Oil and Gas Climate Initiative

The Oil and Gas Climate Initiative (OGCI) today announced three new member companies that together represent 5% of global oil and gas production as it welcomed Chevron Corporation, Exxon Mobil Corporation, and Occidental Petroleum. The three new companies will...

Rowley reminds Guyana of TT debt write-off…which he strongly opposed back in 1996

Trinidad and Tobago Prime Minister Dr Keith Rowley told reporters in Guyana on Wednesday that the twin island republic has been a good friend to the South American country over the years even choosing to write off billions of...

US$20M loan for power upgrade signed as Guyana gears up to be major oil producer

Guyana’s Finance Minister, Winston Jordan has sealed an agreement that would see the country receiving US$20M from the Islamic Development Bank (IsDB) for a Utility Upgrade Programme for the Guyana Power and Light Inc (GPL). Mr. Jordan signed the loan in Kuwait on...

READ FULL DOCUMENT: Guyana-Trinidad and Tobago MoU on Energy Sector Cooperation

MEMORANDUM OF UNDERSTANDING ON ENERGY SECTOR COOPERATION BETWEEN THE CO-OPERATIVE REPUBLIC OF GUYANA AND THE REPUBLIC OF TRINIDAD AND TOBAGO The Co-operative Republic of Guyana and the Republic of Trinidad and Tobago (hereinafter referred to individually as “the Party” and collectively as “the Parties”); CONSIDERING the commitment of both...

Rowley disappointed in Guyanese private sector’s concerns over MOU

Prime Minister of Trinidad and Tobago Dr Keith Rowley has expressed disappointment with sections of the Guyanese business community for expressing concerns of a potential Trinidadian takeover of the oil and gas industry in the South American country. The PM...

‘Enormous’ Stabroek Block fueling explorers’ growth plans – Wood Mack

The unprecedented number of oil discoveries being made off the coast of Guyana by US oil major ExxonMobil in partnership with Hess and CNOOC are revealing mega reserves that will become a major focal point for the Stabroek Block...

Rowley and entourage arrive in Guyana today for MoU signing

Following a groundswell of public pronouncements and speculation over an announced visit to Guyana by Trinidad and Tobago (TT) Prime Minister Dr. Keith Rowley for the signing of a Memorandum of Understanding on energy cooperation, the TT entourage will...

Sovereign Wealth Fund not a development plan – Jordan

Guyana’s Minister of Finance, Winston Jordan, is making it clear that the role of the Sovereign Wealth Fund is not to outline what oil revenues will be spent on, but rather, to serve as a mechanism to ensure monies...

Repsol to place increased emphasis on natural gas – Chairman

Chairman of Repsol Antonio Brufau said the Spanish major is placing increased emphasis on natural gas as a “big pillar” in its overall strategy, since the commodity will best allow the company to meet the four key energy objectives...

Latest News

Ali in fiery exchange with BBC journalist about Guyana’s oil

Guyana’s President, Dr. Mohamed Irfaan Ali, sat down for an interview with BBC journalist, Stephen Shakur, on the sidelines...