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‘Honest leadership’ needed if oil money is to transform villages – PM Nagamootoo

Guyana’s Prime Minister, Moses Nagamootoo told a gathering of party supporters and candidates for the upcoming Local Government Elections in the South American country that responsible and honest leadership is needed at the local level to spend coming oil...

Second batch of Guyanese complete maritime training programme under SRS

Guyanese manpower services provider Strategic Recruitment Solutions Inc. (SRS) on Monday concluded its second batch of training with the MATPAL Marine Institute. Eight candidates participated from various sectors and were screened and selected to complete the 7-day International Convention...

NIS rakes in over $24M in benefits from Oil and Gas sector in 2018

Guyana’s largest pension fund and health insurance body; the National Insurance Scheme (NIS), has begun targeting companies registering in the emerging petroleum sector to ensure that employees’ benefits are being paid. At the agency’s 49th Anniversary ceremony on Friday, September...

Reducing revenue leakage among Energy Dept top priorities

Among the top priorities for recently appointed Head of the Government’s Energy Department, Dr. Mark Bynoe is “reducing revenue leakage” or the unnoticed or unintended loss of revenue. Dr. Bynoe was appointed to lead the department which was set up...

Deep-water feeding frenzy in South America as Brazil and Guyana lead enthusiasm

Good reservoir quality and improved upstream terms have combined with cost declines and firmer oil prices to spark enthusiasm for deep offshore oil exploration in South America. According to a report in the Petroleum Economist, analysts say that while the...

‘We must put up a good fight to cash in on O&G opportunities’ – Guyana Business Minister

Guyana’s Minister of Business, Dominic Gaskin, said if the country wants to maximize the full value of local content from the oil and gas sector then it needs to build local capacity. The Minister was at the time delivering an...

“We work with an ethical supply chain that values women, men and different races” – Saipem President

Italian oil and gas industry contractor, Saipem, on Tuesday facilitated a safety leadership forum in Guyana at ExxonMobil’s Centre for Local Business Development. Saipem is one of the primary contractors for the US oil major in Guyana and was recently awarded...

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...

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...

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...

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Environmental permits and production licenses serve distinct roles for oil and gas developments

Oil and gas development projects proceed with two key approvals: environmental permits and production licenses. They cover different aspects...