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Petrobras serves as “observer” in OPEC+  says CEO, production cuts do not apply 

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Petrobras, Brazil's state-controlled oil company, is set to become an observer in OPEC+ starting January 2024, enabling the country to engage in group discussions without being bound by production quotas, as clarified by  Jean Paul Prates, its Chief Executive...
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TT Opposition Leader tells Maduro; ‘touch one you touch all’

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At the UNC Report in Penal last night, Trinidad and Tobago’s opposition leader Kamla Persad-Bissessar issued a resolute warning to Venezuelan President Nicolas Maduro, cautioning against any interference with the Guyanese people and asserting that such actions would implicate...
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Georgetown Chamber to lead Guyana delegation at OTC 2024

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The Georgetown Chamber of Commerce and Industry (GCCI), the oldest private sector representative organisation in Guyana, will be the lead body responsible for the country’s participation at the Offshore Technology Conference (OTC) set to take place at the NRG...
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CGX, Frontera to host virtual presentation on Corentyne block exploration results 

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CGX Energy Inc. and Frontera Energy Corporation, joint venture partners in the Corentyne block offshore Guyana, have announced a virtual informational presentation scheduled for December 11, 2023. The senior operational and technical team members will lead the session, offering...
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BrasFELS shipyard to fabricate critical sections of topside modules for Brazil FPSO

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BrasFELS Shipyard, a member of the Seatrium Group, announced the acquisition of a substantial contract from Offshore Frontier Solutions Pte. Ltd, a subsidiary of the MODEC Group. The contract involves the fabrication of critical sections of the topside modules...
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Low voter turnout seen on Venezuela’s referendum day but Maduro claims victory

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“The Venezuelan people have spoken loudly and clearly.”   Those were the words of Nicolas Maduro, Venezuela’s President, quoted by Reuters as he claimed victory over the referendum held on December 3 meant to annex Guyana’s Essequibo territory.  But reports of low...
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Guyana President urges Venezuelans not to be part of system that “runs afoul of international law” 

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Guyana's President, Dr. Irfaan Ali issued an appeal to Venezuelans on Sunday, urging them not to partake in any actions aimed at seizing Guyana's Essequibo County, highlighting the breach of international law it would represent. Venezuelans voted in a...
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Eco Atlantic reports “significant progress” in exploration portfolio, eyeing farm-out opportunities 

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Eco (Atlantic) Oil & Gas Ltd. showcased significant advancements in its exploration endeavors, according to the company’s interim results update, with Chief Executive Officer (CEO) Gil Holzman expressing optimism about the firm's recent developments. Holzman emphasized the company's strong financial...
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STATEMENT: Guyana Opposition calls on Venezuela to accept World Court ruling 

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Fellow Guyanese,   Today we received a unanimous and binding ruling by the International Court of Justice in response to Guyana's request for the indication of provisional measures in the case of the Arbitral Award of 3 October 1899 (Guyana V....
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Brazil to join OPEC+ alliance in January 2024, amidst ongoing oil output strategy discussions

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Brazil is set to become a member of the OPEC+ coalition, as announced by Brazilian Energy Minister Alexandre Silveira on November 30, 2023. The decision to join the coalition was revealed during a rescheduled OPEC+ meeting convened to deliberate...
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Longtail project to mark beginning of Guyana’s new gas chapter – ExxonMobil’s Routledge

ExxonMobil Guyana President Alistair Routledge says the upcoming Longtail development will open a new chapter in Guyana’s energy journey,...

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