News

Construction on a new multi-purpose facility kicked off Friday at Palmyra, Berbice with a GY$3.7 billion (approximately US$17.7 million) contribution from the Greater Guyana Initiative (GGI), funded by the Stabroek Block partners. The facility is being built by Caribbean Green...

In response to a stern show of disappointment from the Georgetown Chamber of Commerce and Industry (GCCI) on its handling of a supposed shortage of US currency in the country, the Bank of Guyana (BoG) noted that the business...

The first round of drilling at CGX Energy’s Wei-1 prospect in the Corentyne Block has yielded positive results. Drilling commenced at Wei-1 late January with the Noble Discoverer. In an update on March 2, CGX reported that the first prospective geologic...

Guyana’s Vice President, Dr. Bharrat Jagdeo says ExxonMobil Guyana is set to relinquish a portion of the 6.6 million acres Stabroek Block and this will be used to facilitate the government’s planned direct partnerships. “Next year, ExxonMobil will have to...

ExxonMobil Guyana said a crane toppled at around 10 a.m. Thursday while lifting a container, at the Ogle site where the company’s new Guyana office centre is being built. No one was injured in the incident, nor was there any...

The “lack of action” by the Bank of Guyana (BoG) in addressing the supposed shortage of United States (US) currency in the country has irked dissatisfaction from the Georgetown Chamber of Commerce and Industry (GCCI). In a statement on March...

Guyana’s newest Stabroek Block floating production, storage and offloading (FPSO) vessel - the Prosperity - is ranked eight by water depth in SBM Offshore’s ultra-deepwater fleet. In fact, at 1,900 metres, it will be moored at the deepest parts of...

Petrobras is looking to focus its exploration efforts on the potential of the equatorial margin later this decade, Rystad Energy said, with hopes to replicate the unprecedented success at Guyana’s Stabroek Block. The basins that Brazil’s state explorer is expected...

Azule Energy said its wholly owned subsidiary Eni Angola SPA (Eni), and the partners in the Block 15/06, Sonangol P&P and SSI Fifteen Limited, have awarded the main contracts for the development of the Agogo Integrated West Hub (AIWH)...

By mid-year 2023, Block 58 operator TotalEnergies SE expects to confirm the desired estimated resources to kickstart production offshore Suriname, Chairman and Chief Executive Officer (CEO) Patrick Pouyanné said. This could result in another delay of the long-awaited Final Investment...