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The Local Content Secretariat is currently assessing Guyana’s capacity to meet the growing demands of the Oil and Gas Industry with respect to services, ahead of any changes to the legislation and or the schedule, Minister of Natural Resources, Vickram Bharrat has said. Recognizing the need to strengthen the Local Content Act passed in 2021, […]
The women led Guyanese company that was awarded two oil blocks offshore Guyana, Sispro Inc, has landed a joint venture partnership with Nigerian-based Company Bono Energy Limited. Sispro has now indicated its readiness to sign the Production Sharing Agreement (PSA) with the Government of Guyana. Sispro was awarded a Shallow water block, and a Deepwater […]
President of the United Minibus Association, Eon Andrews said recent pronouncements by Works Minister, Juan Edghill about the increase in minibus fares is outside his remit, and argued that only Tourism, Industry and Commerce Minister, Susan Rodrigues can pronounce on the matter. During an appearance on the Road Safety and You programme on NCN, Mr. […]
The French Ambassador to Guyana, Olivier Plançon, believes significant opportunities for trade and investment between Guyana and France exist, but trade remains limited due to a number of challenges. He pointed to opportunities in the areas of Commerce, Agro-processing, Energy, Health, Tourism, Technology and Innovation among other critical sectors, but connectivity appears to be a […]
Guyana’s leading conglomerate, Banks DIH Limited, is celebrating several of its flagship beverage products being awarded the distinguished Monde Selection International Gold Quality Award, which is one of the world’s most respected independent product quality certifications. The award-winning products include Banks Beer, Classic Premium Lager Beer, Malta Supreme Coconut and Ginseng, Malta Supreme 0.0% and […]
Business couple, Clairmont and Iman Cummings, have launched Monarch Bay through their company, Monarch Group. The new business venture will see the construction of a waterfront community that will offer a vision for modern a modern lifestyle. Monarch Bay will be developed and built in the Ogle community, and according to the couple, it reflects […]
As the world continues to grapple with the effects of the largest-ever global oil supply disruption, President Irfaan Ali has indicated that Guyana is building its capacity to withstand such shocks, and has resumed “serious discussions” on having an oil refinery in the country. Mr. Ali made the disclosure on Wednesday in a video release. […]
The Governments of Guyana and St. Kitts-Nevis have signed three Memoranda of Understanding, as the two CARICOM nations seek to deepen ties. The signing of the MOUs paves the way for the countries to strengthen their collaboration in Security, Agriculture and Food Security and Government modernization. On security, the MOU provides a framework for bilateral […]
A Ministerial delegation from Belize has described Demerara Distillers Limited’s multimillion dollar state-of-the art dairy farm at Moblissa as “a visionary, innovative, environmentally sound and community conscious initiative.” The delegation recently concluded an official visit to Guyana. Belize’s Minister of Sustainable Development, Climate Change and Solid Waste Management, Orlando Habet, toured the facility located along […]
The spike in oil prices on the global market linked to the ongoing war in Iran could potentially fast track cost recovery under the Stabroek Block Production Sharing Agreement (PSA), according to ExxonMobil Guyana President, Alistair Routledge. Benchmark Brent oil prices jumped to over US$119 per barrel today following attacks by Iran on energy facilities […]
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