News

Americas Market Intelligence (AMI) has once again placed Guyana in a category of its own, labeling it as “great” in its 2025 economic forecast for Latin America and the Caribbean.  The ranking underscores Guyana’s exceptional economic expansion, driven by its...

Guyana and Brazil will continue to play a dominant role in Latin America’s oil production growth by 2030, according to Norway-based energy research and business intelligence firm, Rystad Energy.  The region is set to add over four million barrels per...

Guyana on Monday received seven bids for the second phase of its landmark Gas-to-Energy project, which includes the design, construction, and operation of a 300-megawatt (MW) combined cycle power plant and a natural gas liquids (NGL) facility with a...

The 2025 Local Content Summit aims to equip local businesses with the tools, knowledge, and partnerships needed to thrive in the oil and gas sector. Hosted under the theme ‘Collaborate. Invest. Build. Shaping Guyana’s Future Together’, the event will...

MODEC has partnered with STEMGuyana to support its Learning Pods initiative, ensuring continued access to after-school education in Math, Science, English, and Technology for children in underserved communities. MODEC has pledged GYD$2,788,041 to fund the program in 2025. This support...

China’s state-owned offshore oil and gas producer CNOOC Ltd. said on Thursday (March 27) that its overseas production surged by 10.8% in 2024, driven in part by the commissioning of new projects, including the Payara development in Guyana. In its...

The proposed tariffs on ships built in China may negatively impact Guyana and the Caribbean, a concern frequently raised with Marco Rubio, Secretary of State of the United States, during his visits to the region last week. During a joint...

bp Trinidad and Tobago (bpTT) made the final investment decision (FID) on the ginger gas development and confirmed a gas discovery at its Frangipani exploration well. The company announced on March 27 that Ginger will be its fourth subsea project...

TechnipFMC has won a major integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract from Shell for the Gato do Mato greenfield development offshore Brazil. The project will incorporate TechnipFMC’s Subsea 2.0® configure-to-order subsea production systems, streamlining project management through a...

ExxonMobil Guyana is sponsoring 75 women to attend the 2025 Local Content Summit this April 8. The sponsorship is in alignment with its commitment to fostering partnerships for Guyana's development, according to a company statement issued on March 28.  The...