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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...

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...

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...

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...

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...

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...

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...

CNOOC Limited one of the three partners in Guyana’s offshore Stabroek Block, announced on September 18, 2018 that the Penglai 19-3 oilfield project has commenced production. The project, known formally as the Penglai 19-3 oilfield 1/3/8/9 comprehensive adjustment project is...

(Bloomberg) Oil rose as Saudi Arabia was said to be comfortable with Brent crude exceeding $80 a barrel. Futures in London added as much as 1.7 percent. The world’s biggest crude exporter is content to see the global benchmark advance,...

Trinidad and Tobago’s Prime Minister, Dr. Keith Rowley is set to visit Guyana this week to sign the much talked about Memorandum of Understanding on Energy. According to a statement from Guyana's Foreign Ministry on Saturday, Dr. Keith Rowley is scheduled...