News

A recent analysis by FocusEconomics, a provider of global forecasts, states that Guyana will lead the list of top five nations with the fastest-growing economies up to 2026. Following its examination of the economic prospects for nearly 200 nations, the...

TechnipFMC said it has been awarded a significant engineering, procurement, construction, and installation contract by Wintershall Dea Norge AS for its Dvalin North project. TechnipFMC considers a contract significant when it is between US$75 million and US$250 million. The contract covers...

The Noble Discoverer is expected to arrive at the Corentyne Block offshore Guyana on Wednesday, January 18, according to vessel tracker, MarineTraffic. The vessel departed Trinidad and Tobago on Wednesday, January 11. The vessel will be used to drill CGX Energy’s...

Guyanese authorities say they are working to empower more women with the skills needed to tap into the growing opportunities in the nation’s booming economy. Since 2015, a series of major oil discoveries and start of production have propelled...

Guyana’s largest planned oil development operation to date, the Uaru project, could export gas in addition to oil, if the partners decide to go that route. The new floating production, storage, and offloading (FPSO) vessel to be used for...

ExxonMobil Guyana is looking to hire a firm to provide data analysis services for crude oil sales. A public Request For Information (RFI) said that Esso Exploration and Production Guyana Limited (EEPGL) is looking to identify suppliers who can collate...

Touchstone Exploration’s Trinidadian subsidiary, Primera Oil and Gas Limited has entered a new Asset Exchange deal with Lease Operators Limited to see the exchange of onshore Trinidad assets. Touchstone will be transferring the Fyzabad, San Francique and Barrackpore blocks –...

CGX Energy is on track to spud the Wei-1 well by January 31 as the Noble Discoverer has completed its work with Shell offshore Trinidad and Tobago. According to reports, the rig has departed for Guyana waters. The Wei-1 well will...

Ships with a nine-metre draft can now traverse Guyana’s main channel – the Demerara River as NRG Holdings Inc. has completed the first phase of its Vreed-en-Hoop Shore Base project. After six months of work, NRG has managed to extend...

Guyana’s Central Bank said in a statutory report that the Natural Resource Fund (NRF) closed 2022 with US$1.42 billion (GY$297.38 billion). This revises an earlier statement from the Ministry of Finance that the Fund closed the year with US$1.27 billion....