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Stabroek co-venturer CNOOC looking for onshore caterers

CNOOC Petroleum Guyana Limited (CPGL) is preparing to tender for onshore catering services (Chinese cuisine) in support of its activities in Guyana. In a notice, CGPL said the bidding process will be twofold: a pre-qualification round (RFI) and a proposal...

“Guyana is Jamaica’s economic hinterland” – Investment Minister, as delegation in country to explore opportunities

The best of Jamaican businesses are currently scouting investment opportunities in Guyana, a country their Minister of Industry, Investment and Commerce, Aubyn Hill described as Jamaica's “natural economic hinterland.” Hill is leading the delegation of over 45 private sector companies,...

Navigating the Emerging Oil & Gas Economy for Guyana’s Indigenous Communities: Consultation, Challenges, and Opportunities

By Sydney Allicock, Dr. Carolyn Walcott and Dr. Terrence Blackman - OilNOW The Indigenous Peoples of Guyana, known locally as Amerindians, comprise nine distinct groups, each with their own unique culture and traditions, three in coastal areas and six in...

Guyana moves to assess national skills pool to aid human development agenda

Guyana’s Ministry of Education is seeking a consultant to conduct a national skills audit to aid human development efforts. This is part of the government’s plans to prepare the country for its oil-fueled modernisation. Oil production continues to expand...

Guyana tops list of five fastest growing economies up to 2026

A recent analysis by FocusEconomics, a provider of global forecasts, states that Guyana will lead the list of top five nations with the fastest-growing economies up to 2026. Following its examination of the economic prospects for nearly 200 nations, the...

Guyana needs an ‘elixir of policies’ that will benefit its people

By Jerry Haar - OilNOW Countries do not survive or thrive on macroeconomics and politics alone. Those factors are most important; however, there are structural and institutional forces and factors at play that occupy an even larger role in how...

Guyana’s industry-leading production commendable but transparency, governance need more work – Analyst

Since achieving first oil on December 20, 2019, Guyana has maintained an industry-leading pace of development and production, much to the credit of its partnership with seasoned oil majors. But even amid such successes, it must still hasten to...

Guyana goes after reforms to modernise oil sector

In its 2020 manifesto, the People’s Progressive Party/Civic administration pledged to ensure better contract management for the Stabroek Block Production Sharing Agreement (PSA) and future contracts. In just two years, the government has embarked on a number of legislative and...

2022 Year in Review of Guyana, Part 1: What I have said so far

By Dr. Lorraine Sobers - OilNOW The year 2022 has been an intriguing one for Guyana’s energy sector: oil production and reserves have grown significantly, local content legislation came into full force, legal local content disputes arose and were settled,...

Bring on the trade missions: Guyana needs healthy dose of imported capabilities to support development agenda

In November, Guyana welcomed trade missions from the United Kingdom, USA, and Canada. Similar engagements are planned with France and India, indicative of the government's position that the country is “open for business.” Senior Minister in the Office of the...

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Zero routine flaring systems standard on Guyana’s FPSOs, cutting emissions through gas reinjection

Systems to prevent routine flaring are standard across major offshore developments in Guyana. Integrated systems on floating production, storage,...