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City Chamber joins CARICOM business group for better Guyanese representation

The Georgetown Chamber of Commerce and Industry (GCCI) has become a member of the CARICOM Private Sector Organization (CPSO), a service organization that mobilises and advances private sector participation within the Caribbean Community and Common Market (CARICOM).  The Chamber announced...

US$100M to be invested in international oil and gas institute – Guyana President

Upskilling Guyanese to adequately service Guyana’s massively expanding oil and gas sector is a priority of the Dr. Mohamed Irfaan Ali-led government. In seeking to achieve this goal, President Ali announced Thursday that over US$100 million will be invested...

Oil finds in Guyana, Suriname position countries to become “new force” in global energy sector

Paramaribo, Suriname – Over the last two years, South American neighbours – Guyana and Suriname have been foisted into the limelight due to the exciting oil and gas discoveries being made in both offshore territories. To date, Guyana’s proven oil and...

Gov’t warns Ramps it must submit documents that are not misleading

One day after it held a media conference demanding answers, Ramps was told by the Guyana Local Content Secretariat that the onus is on it, as an applicant, to submit documents that are not false or misleading. Ramps had applied...

With big offshore finds, Santokhi invites major influx of investors at Energy Summit

Paramaribo, Suriname - A brand-new chapter dawns for Suriname, quickly becoming one of the hottest new oil exploration destinations on the globe. And its President, Chandrikapersad Santokhi has opened the floodgates, inviting investors from all and sundry to help develop...

SOLD OUT: Suriname gearing up for major energy conference this week

The 2nd edition of the Suriname Energy, Oil & Gas Summit & Exhibition (SEOGS 2022) will be hosted this week in Paramaribo from June 28 to 30. The event is set to provide the opportunity to hear from government,...

Ramps had threatened Guyana customs regulator with lawsuit over $20M fine

After being fined GY$20 million for breaching customs law earlier this year, Ramps Logistics had threatened the Guyana Revenue Authority (GRA) with a lawsuit if it did not return the fine. The letter dated March 4, 2022, from its attorney-at-law,...

Milestone for Guyana’s West Demerara as sod turned for new US$300M Vreed-en-Hoop shore base

The Vreed-en-Hoop Shore Base Inc. (VESHI) is moving closer to reality as company and other officials on Tuesday turned the sod to mark the start of construction on the US$300 million venture. Due to inclement weather, a planned large ceremony...

Lessons for Guyana from T&T: what to embrace and what to avoid?

By Dr. Graham King - OilNOW Commodity-rich developing countries can suffer terribly from Dutch Disease. Commodity wealth bolsters imports, making them relatively cheaper and more readily accessible to the population. Local products can struggle to compete as labour rates climb...

Gas production more important now than ever; Guyana forging ahead

Outside of the introduction of a robust Local Content Legislation, Guyana intends to use the Gas-to-Energy project as a means of maximising benefits to the country from the deal it has with ExxonMobil. This was said by Vice President,...

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Chinese companies among 10 groups vying to build fertilizer plant in Guyana 

Ten groups, including several Chinese companies, have submitted proposals to build Guyana’s planned ammonia and urea fertilizer plant at...