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Oil & Gas
COP28: The ‘beginning of the end’ for fossil fuels?
By Vishani Ragobeer
vishani@newsroom.gy
This year’s global climate talks, COP28, came to an end on Wednesday with countries agreeing to gradually stop using harmful fossil fuels, though some believe this agreement is not enough to help…
‘Heated’ debate on fossil fuels as COP28 winds down
By Vishani Ragobeer in Dubai
vishani@newsroom.gy
Fossils fuels- the main contributor to the climate crisis- were always going to be the hot topic at this year’s global climate talks in Dubai, COP28, with sweltering temperatures…
‘Guyana isn’t standing on its own’ – Exxon boss says
By Vishani Ragobeer
vishani@newsroom.gy
Chief Executive Officer (CEO) of ExxonMobil Darren Woods says he doesn't believe Guyana is standing on its own in light of increasing aggressions from the Nicolas Maduro government.
He did…
Guyanese investors told to form partnerships in agri, renewable energy ahead of Offshore Tech…
The Georgetown Chamber of Commerce and Industry (GCCI) is gearing up for its participation at the Offshore Technology Conference (OTC) billed for May 2024.
In its preparations, member companies and local investors are urged to pitch…
COP28: Suriname, like Guyana, says its vast forests will be protected as oil sector develops
By Vishani Ragobeer in Dubai
vishani@newsroom.gy
At the northern edge of the South American continent sit two countries, Guyana and Suriname, with vast forest covers and nascent oil and gas sectors. As world leaders meet in Dubai to…
With 7th withdrawal, Gov’t transfers $176.8 billion from oil fund this year
See below full statement issued by the Ministry of Finance:
It would be recalled in 2021, Government amended the Natural Resource Fund (NRF) Act to bring greater transparency and accountability in the management of Guyana’s oil…
CNOOC and Chinese Medical Team donate equipment to GPHC
On November 14, 2023, a quantity of acupuncture and Chinese massage equipment, was donated by the Stabroek Oil Block partner, CNOOC Petroleum Guyana Limited (CPGL), and handed over to the Traditional Chinese Medicine Center at the…
CGX gets two years to determine viability of oil find at Corentyne Block
CGX Energy Inc. and the Frontera Energy Corporation, joint venture partners in the Corentyne Block offshore Guyana, have found oil there but have been given two years to determine the viability of production there.
This is according to…
Local content: About $322M already earned at half-year, thousands hired
With the Local Content law in place, Guyanese companies have earned about US$322 million in the first six months of this year and thousands of people have been hired to provide services in the sector.
This is according to the Director of…
Companies involved in ‘fronting’ refused local content certificates – Bharrat
Some companies that were hoping to get local content certificates were denied those documents because the government discovered that they were involved in fronting, a loophole to bypass legal requirements.
Minister of Natural Resources…