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Guyana's Ministry of Natural Resources has announced a request for proposals (RFP) from private companies for the design, finance, construction, and operation of essential gas infrastructure to support offshore developments in the South American nation. This initiative is part...

Stena Drilling recently announced on LinkedIn that the Stena Carron, a dynamically positioned, harsh environment, ultra-deepwater drillship, has departed Guyana for Las Palmas, Spain. The vessel will undergo a Special Periodic Survey (SPS) in Spain. The SPS is a...

Trinidad-based independent exploration and production (E&P) company, Trinity Exploration & Production has disclosed operational developments for the three months ending December 31, 2023 (Q4 2023).  The company detailed ongoing operations at the Jacobin-1 well, emphasizing safety measures and addressing challenges...

ExxonMobil reported an achievement of record production from its projects in the Permian basin and Guyana during the second quarter of 2023. Surging beyond expectations, the company said its production levels witnessed a remarkable growth of over 20% compared...

Mike Sommers, Chief Executive Officer (CEO) of the American Petroleum Institute (API) sounded alarm bells over President Joseph Biden’s mulled slowdown of liquefied natural gas (LNG) project approvals.  Reports indicate the Biden administration is re-evaluating the climate criteria it uses...

The value created by GACIO’s US$30 million marine facility on the West Bank of Demerara was enormous, said Guyana President Irfaan Ali at the commissioning ceremony on Jan. 13.  Ali delivered the feature address at the event and said the...

The European market's evolving preference for crude oil, amidst changing global dynamics, has led to distinctions in the valuation of Guyana's crude exports, particularly between Liza, Unity Gold, and Payara crude. Felipe Perez, Head of Latin America Fuels and...

A verification process of the oil block awardees is being undertaken before the final sign-off, said Vice President Bharrat Jagdeo on Jan. 11.  Asked for an update on the auction, Jagdeo shared that the firms were asked to submit additional...

Acting British High Commissioner, Greg Quinn recently pointed to the “ten-fold” surge in UK-Guyana trade, one he said reflects a keen interest from investors aiming to access the South American market. Quinn had previously served in the position from 2015...

As part of a wider effort to bolster the capabilities of Surinamese businesses, Chevron and Staatsolie are set to host a Supplier Development Program later this month. This initiative follows the successful 2023 Blue Wave Supplier Development Program launch,...