News

Brazil’s Ministry of Defense announced that it is closely monitoring escalating tensions between Guyana and Venezuela and has “intensified” defensive actions along its northern border.  “The Ministry of Defense has been monitoring the situation. Defensive actions have been intensified in...

The construction of Guyana’s new Demerara River Bridge is progressing smoothly.  Works were 27% completed back in October.  By the end of 2024, Contractor – J.V. China Railway Construction Corporation (International) will hand over to Guyana a four-lane, high-span, cable-stay bridge...

Italy's leading engineering, drilling, and construction services provider, Saipem, has clinched two substantial offshore contracts valued at approximately US$1.9 billion. The agreements involve collaborations with ExxonMobil's subsidiary, ExxonMobil Guyana Limited, and Equinor, the Norwegian state-owned energy giant, spanning operations...

Guyana’s Head of State, Dr. Irfaan Ali will be leading a delegation to the 28th Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change. COP28 will be held from November 30 until December 12,...

Equinor and Chappal Energies have entered into an agreement for the sale of Equinor Nigeria Energy Company (ENEC), which holds a 53.85% ownership in oil and gas lease OML 128, including the unitised 20.21% stake in the Agbami oil...

Brazilian state-run oil company Petrobras has terminated the contract for the sale of its Lubrificantes e Derivados de Petróleo do Nordeste (LUBNOR) refinery in north-eastern Brazil. The decision came as Grepar Participações (Grepar), the prospective buyer, failed to meet...

Guyana has made its seventh withdrawal from the Natural Resource Fund (NRF) according to the Ministry of Finance.  In a release, it was said that the government withdrew US$100 million (GY$20.8 billion) on November 23. Total withdrawals now stand at...

Plympton Farms achieved a milestone under the Green Farms Initiative, inaugurating a three-acre greenhouse at Dora along the Linden Highway on November 24. The ceremony marked the culmination of a pivotal stage in a tripartite collaboration between SBM Offshore...

Countries around the world, from rich to developing, continue to pursue the monetization of their oil and gas resources so that much-needed revenue can be plugged into their economies. Addressing the election of Javier Milei as President of Argentina, Adrian...

Saipem Guyana Inc., one of the major contractors for ExxonMobil's Stabroek Block operations, has issued an Expression of Interest (EOI) for occupational health and infirmary services aimed at enhancing on-site medical provisions and emergency response capabilities. The services encompass comprehensive...