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Guyana is one of the main beneficiaries of deepwater reinvention

Deepwater and tight oil are two of the great growth themes in the oil and gas industry, but are often considered to be at opposite ends of the development spectrum. Deepwater represents large, expensive and complex long-cycle projects best suited...

Efficiency and options for privatisation of Guyana’s energy market

The concept of efficiency and its measurement are contentious. Hence, the option for the route of introducing a more competitive environment, and to consider whether this might prove a more effective approach to improving the electricity industry’s performance; is...

More Guyanese being trained and employed in O&G industry

With the impending Oil and Gas industry in Guyana, a matter of great concern has been local content, and how Guyanese can benefit from the industry--not just the resource but employment and getting them ready for the employment opportunities...

GYSBI, TOTALTEC ramp up manpower recruitment drive ahead of Liza Destiny arrival

The Guyana Shore Base Inc. (GYSBI) and TOTALTEC Oilfield Services will be collaborating to recruit and train over 120 Guyanese in basic safety and oilfield operations to enable them to successfully join and participate in the South American country’s...

Over 400 Guyanese applied for jobs at energy department; new office on the horizon

Director of Guyana’s Department of Energy (DE), Dr. Mark Bynoe says an important aspect of the department’s action plan is for it to be housed in a new building at an appropriate site within two years as Guyana continues...

TOTALTEC to establish O&G finishing school with firefighting, survival training capabilities

Since opening its academy in 2018, TOTALTEC has trained 150 Guyanese in safety and basic operations for work in the South American country’s emerging oil and gas industry and the company has plans to further expand these capabilities. Chairman and...

OTC 2019: “We’re emerging as an oil and gas nation” – GO-Invest CEO

CEO of the Guyana Office for Investment (GO-Invest), Owen Verwey, is heartened by the traffic passing through the Guyana Booth at the Offshore Technology Conference (OTC) currently taking place in Houston Texas, USA, saying that the opportunities for networking...

Macroeconomic effects of oil price volatility and the implications of energy subsidy reforms

Sharp increases in the price of oil and other energy products are referred to as classical examples of negative supply shocks (Hamilton 2005). Increases in the price of oil lead to increases in the cost of production, which in...

Guyana hits milestone with submission of 1st EITI report

Guyana’s first Extractive Industries Transparency Initiative (EITI) Annual Report has been successfully submitted to the International Secretariat on the submission deadline of April 25, 2019; a milestone in Guyana’s march to becoming a fully compliant member of the Norway-based...

Harvey Gulf wins contracts in Guyana, 3 other locations

Harvey Gulf International Marine said on Thursday it has been awarded contracts in Mexico, Trinidad, Guyana and Suriname. This follows the company’s commitment to global in September 2018 and the opening of its Guyana office in March this year. The...

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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...