Trinidad and Tobago’s business community has been given a sharp wake-up call: Guyana is growing fast — and local firms risk being left behind if they don’t act quickly. Minister of Public Works, Hon. Bishop Juan Edghill delivered the message at a Rotary Club of Port of Spain West luncheon on October 1. He painted […]
OIL & GAS
Parliamentary approval and independent oversight safeguard Guyana’s oil revenues—Minister Bharrat
Minister of Natural Resources Vickram Bharrat has underscored that Guyana’s oil revenues are insulated from misuse through stringent checks and balances embedded in the Natural Resource Fund (NRF) Act of 2021. He emphasised that no government official can access the fund without parliamentary approval. Appearing on the Starting Point podcast, Bharrat recalled that the previous […]
MODEC awarded contract for ExxonMobil’s Hammerhead FPSO
MODEC, Inc. has announced that it has been awarded the full Engineering, Procurement, Construction, and Installation (EPCI) scope to develop a Floating Production Storage and Offloading (FPSO) vessel for ExxonMobil Guyana’s Hammerhead Project, following a Final Investment Decision (FID). In April 2025, MODEC received a Limited Notice to Proceed (LNTP), which allowed it to begin […]
Ramotar urges CARICOM to form united front on oil and gas sector
Former President Donald Ramotar has called on CARICOM governments to use the region’s integration movement as a platform to secure better outcomes from the oil and gas industry. In a letter in another section of the media, Ramotar stressed that CARICOM was established to allow small states to act together and increase their influence internationally. […]
Strong leadership and local content law driving Guyana’s oil & gas boom
Guyana’s transformation into the world’s fastest-growing economy has not been left to chance but is the product of deliberate leadership and policies, particularly in the oil and gas sector. This was the central message delivered by Minister of Natural Resources Vickram Bharrat during a recent appearance on the Starting Point podcast, where he credited the […]
Local Content Law opens 14,000 job opportunities for Guyanese in oil & gas sector
The landmark Local Content Act enacted in December 2021, has created direct employment and business opportunities for approximately 14,000 Guyanese, according to Minister of Natural Resources Vickram Bharrat. He described the legislation as a transformative measure that ensures citizens are at the centre of the country’s petroleum industry rather than standing on the sidelines. Speaking […]
Exxon CEO slams EU sustainability law as threat to oil and gas industry
The head of Exxon Mobil, Darren Woods, is urging European lawmakers to roll back a landmark climate rule, warning it will hurt oil and gas operations in the region. In an interview with The New York Times last week, Woods described the European Union’s Corporate Sustainability Due Diligence Directive (CSDDD) as “a very misguided effort […]
Oil revenues shielding Guyana from climate debt – Pres. Ali
President Dr. Irfaan Ali has made it clear that without the new stream of revenue from oil production, the worsening global temperature rise would have spelled nothing short of disaster for Guyana’s economy. In a recent exchange with a New York Times reporter, Ali was asked what the rising heat means for Guyana. His response […]
ExxonMobil says over GY$600B spent with local businesses since 2015
ExxonMobil Guyana says it has pumped more than GY$600 billion into the local economy through spending with Guyanese businesses since operations began in 2015. In the first half of 2025 alone, the company reported direct spending of GY$87 billion with some 1,800 local vendors. According to Exxon, this forms part of its continued investment in […]
Global oil production falling faster, new investment critical – IEA report warns
The International Energy Agency (IEA) is warning that the world’s oil and gas production is slipping faster than before, and without steady investment, global supply could tumble by the equivalent of Brazil and Norway’s combined output every single year. According to the new IEA report, The Implications of Oil and Gas Field Decline Rates, production […]