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Creating a Diaspora ministry, allowing immigration from CARICOM could serve Guyana well – IMF

The International Monetary Fund (IMF) has urged Guyana to urgently review its migration laws as well as find other creative means of attracting expertise from the Guyanese Diaspora to help develop its oil sector. With the low base in education...

Blue Water Shipping launches Guyana office, to bring world-class logistics services

Promising world-class logistics services in modern supply chain management, global provider Blue Water Shipping launched its Guyana office this week to tap into the country’s ever-expanding oil and gas sector. Since the first major discovery in 2015 by ExxonMobil, Guyana...

More can be achieved through partnerships and mutually beneficial business relationships

By Dr. Dax Driver - OilNOW I really enjoyed my visit to Guyana this week to attend the Guyana Basin Summit. It was great to catch-up with old friends and colleagues and to make many new contacts as well.  This...

Major Brazil business delegation looking to enter Guyana’s oil and gas market

The incredible growth of Guyana’s oil and gas sector has piqued the interest of investors across the world, looking to get in on the action. The latest is Brazil, with a major delegation scouting opportunities of its English-speaking neighbour...

Ramps Logistics says GRA charges of false declarations baseless

Following the disclosure by the Guyana Revenue Authority (GRA) on Wednesday that it has instituted 10 charges against Ramps Logistics Guyana (RLG) for false declarations, the company has issued a statement calling the said charges baseless. While these charges will be reviewed...

Guyana building regulator capacity for establishment of Petroleum Commission

Guyana still intends to establish an independent Petroleum Commission. Permanent Secretary at the Minister of Natural Resources, Joslyn McKenzie, said earlier this week that the Guyana Geology and Mines Commission (GGMC) is being primed to evolve into this role. The Ministry,...

Ramps Logistics slapped with 10 charges from GRA for false declarations

The Law Enforcement and Investigations Division (LEID) of the Guyana Revenue Authority (GRA) on Wednesday instituted 10 charges in the Georgetown Magistrate’s Court against Ramps Logistics (Guyana) Inc. for false declarations. Investigations determined, among others, that during the period of 2021 to 2022,...

Guyana aims to be top tier investment destination for oil, other industries – GCCI President

With Guyana’s oil and gas sector poised to usher in a new area of unprecedented Foreign Direct Investments (FDI), it is critical that the country has a well-crafted plan to improve the business environment so that maximum benefits and...

Barbados offshore auction delayed to December 2022

Minister of State in Foreign Trade and Business for Barbados, Sandra Husbands, said the government announced that its 2022 offshore licensing round will be launched on December 1, 2022. This represents a delay of one month, after previous information from the Ministry...

Guyana business group lobbying for law that would recognise contracts as collateral for loans

President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker said the organisation is lobbying the Guyana government to pursue the type of legislative changes that would allow new companies to use their contracts as a means...

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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,...