News

With debate raging on about economic loopholes that could allow for the infiltration of the dreaded resource curse, there is a political risk that also requires careful attention. According to Dr. Lorraine Sobers, a Fulbright Scholar currently lecturing at the University of the West Indies,...

Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI) concluded the nomination period for its shallow water competitive bid round, Tuesday. Nominations ran for six weeks from August 30, 2022. Interested parties were allowed to nominate for any number of...

Touchstone Exploration Inc. announced on Tuesday that the Coho facility has safely delivered first natural gas, representing the first onshore natural gas project to come onstream in Trinidad and Tobago in over twenty years. The Coho area is located...

As development in Guyana continues to expand, industry stakeholders are encouraging the nation’s policy drivers and the private sector to tackle the country’s steep learning curve. To address this, Angus Young – Executive Vice President – Regional Investment Banking and...

The International Monetary Fund (IMF) has urged Guyana to urgently review its migration laws as well as find other creative means of attracting expertise from the Guyanese Diaspora to help develop its oil sector. With the low base in education...

For Guyana to make the best of its oil riches, it will need to strengthen its technical capacity to govern the industry as quickly as possible. To this end, Chief Executive Officer (CEO) of the International Association of Oil and...

The International Monetary Fund (IMF) applauded Guyana’s comprehensive Low Carbon Development Strategy (LCDS) 2030 which outlines plans to combat climate change. It said the strategy commits Guyana to the reduction of emissions by 70% before 2030 mainly via maintaining vast...

ExxonMobil’s Liza Phase 1 and 2 projects have been exceeding expectations in recent months. Collectively, the projects peaked at 391,000 barrels of oil per day (bpd) on certain days in August, or 31,000 bpd above initial projections, according to...

SBM Offshore has awarded a multi-million-dollar contract to Veolia Water Technologies, through its subsidiary VWS Westgarth Ltd. to supply a seawater treatment process module for the massive ‘One Guyana’ floating production storage and offloading vessel. The vessel will be used...

As Guyana continues with the development of its oil bonanza, the International Monetary Fund (IMF) said it is critical that the new producer mitigates any rise in corruption levels as this ultimately undermines overall growth. In a recent report, the...