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Erdogan appoints himself chairman of Turkey’s sovereign wealth fund

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(Reuters) - Turkish President Tayyip Erdogan has appointed himself chairman of the country’s sovereign wealth fund and completely changed its board, naming Finance Minister Berat Albayrak as his deputy, the country’s Official Gazette said on Wednesday. The revamp was the...
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GCCI says foreign investors welcomed ‘in spirit of fairness’

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A week after calling for close scrutiny of a Memorandum of Understanding Guyana is set to sign with Trinidad and Tobago, the Georgetown Chamber of Commerce and Industry is making it clear that it is not anti-investment. The Chamber expressed...
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Guyana on track to meet ICJ deadline

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Guyana is in the process of completing its’ memorial on the Guyana/Venezuela border controversy, which is expected to be submitted to the International Court of Justice (ICJ) by November 19, 2018. A memorial is a petition or representation made by...
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Equatorial Guinea could end oil service contracts over failure to comply with local content rules

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Major oil companies in Equatorial Guinea could be asked by the end of September to cancel their contracts with service providers such as TechnipFMC, Schlumberger and Subsea 7 SA because they aren’t complying with local-content rules over training and...
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Guyana signed MoUs before and there was no apocalypse – Foreign Minister

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Guyana’s Minister of Foreign Affairs, Carl Greenidge, said the Memorandum of Understanding to be signed between Guyana and its Trinidadian counterpart later this month will in no way adversely affect the country’s development, but rather strengthen it. Speaking at a...
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Saipem America provides internship for Guyanese students

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Liza SURF contractor Saipem has collaborated with the University of Guyana and the Government Technical Institute to facilitate an internship programme for four Guyanese students in the United States of America. They will conduct their internship from September to...
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SRS readies second batch of Guyanese recruits for oil and gas sector

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Strategic Recruitment Solutions Inc. (SRS) is moving to enlist a second batch of Guyanese for positions in the country’s emerging oil and gas sector. The Guyanese recruitment firm will be training the new batch of ten for positions that include...
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Islamic Development Bank green-lights US$20M loan for power upgrade in Guyana

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Guyana has received approval from the Islamic Development Bank (IsDB) for a loan of US$20m for the Guyana Power and Light (GPL) Utility Upgrade Programme to effect a comprehensive turnaround of its electricity distribution. The South American country’s Ministry of...
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Eni begins construction of hull for Coral South Floating LNG Unit

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Eni and its Area 4 partners held the “First Steel Cut” ceremony on September 6 at Geoje Island, South Korea, to mark the beginning of the construction of the Hull of Coral South’s Floating Liquefied Natural Gas (FLNG) vessel....
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GOGEC welcomes closer cooperation with Trinidad

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The Guyana Oil & Gas Energy Chamber (GOGEC) said in a statement on Friday that it wishes to place on record that it supports closer co-operation and collaboration with Trinidad and Tobago and all other partners in Caricom. Responding to...
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Guyana rejects China’s border controversy comments, points out silence on Venezuela’s election plans 

The Government of Guyana has addressed a recent call from China’s Embassy in Georgetown for Guyana and Venezuela to...

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