News

ExxonMobil Guyana Limited (EMGL) has initiated a request for information (RFI) to procure services for capturing high-resolution aerial video and photographs of an onshore pipeline supporting the Gas-to-Energy (GtE) project.  EMGL said the Gas-to-Energy project aims to facilitate the transfer...

U.S. multinational energy company Chevron has warned of a significant financial hit in the fourth quarter of 2023, with an estimated impairment of up to $4 billion, according to an Upstream Online report. This substantial figure is directly related...

Guyana has released its Extractive Industries Transparency Initiative (EITI) report for the fiscal year 2021, providing a detailed insight into the country's extractive industries. Published on December 30, 2023, the report highlights ongoing efforts towards transparency and accountability in...

Offshore drilling company Valaris clinched a multi-year contract for its drillship VALARIS DS-4 with Petrobras.  The contract spans 1,064 days and is slated to commence in the latter part of the fourth quarter of 2024, following the completion of the...

In a shift of leadership within the Caribbean Community (CARICOM), Guyana officially took the reins of the rotating chairmanship on January 1, marking the commencement of a six-month term dedicated to propelling regional development and fostering prosperity across member...

David Goldwyn, President of Goldwyn Global Strategies LLC and former U.S. State Department’s special envoy for international energy affairs, expressed reservations regarding Venezuela’s forthcoming elections, that they may not align with international standards for fairness. Goldwyn’s insights, shared in...

Guyana has taken its seat as an elected member of the United Nations Security Council for a two-year term 2024-2025, the Foreign Affairs Ministry said Tuesday.  The country took up the role alongside other newly elected members, including Algeria, Republic...

Guyana’s Ministry of Finance said it completed withdrawals from the Natural Resource Fund for the fiscal year 2023.  The National Assembly had approved US$1.002 billion (approximately GY$208.4 billion) to be withdrawn in support of the 2023 national budget. The funds...

ExxonMobil Guyana’s fibre optic cable has landed, Guyana Vice President Bharrat Jagdeo said during a December 28 press conference. Ongoing construction of an offshore command centre at Ogle, East Coast Demerara, is expected to conclude this year. The installation of...

Offshore drilling giant Seadrill Limited has clinched fixed-term contracts from Petrobras, Brazil's state-controlled oil company, for its drillships, West Auriga and West Polaris.  These contracts, acquired through a rigorous competitive bidding process, have a duration of 1,064 days and are...