News

Guyanese-owned company, Strategic Recruitment Solutions (SRSGY) has sustained ISO 9001 Quality Management Systems Certification from NSF International Strategic Registrations (NSF-ISR). ISO 9001certification demonstrates SRSGY’s commitment to quality through its annual surveillance audit in Oct 2021. SRSGY achieved ISO 9001 quality...

As of October 31, 2021, Guyana’s Natural Resources Fund (NRF) grew to US$534 million. This is according to a monthly oil fund report prepared by the Ministry of Finance (MoF). The last reported figure in the NRF was US$436...

(S&P Global Platts) Six oil companies will compete for the rights to buy Brazil's share of profit oil from four subsalt production sharing fields, with up to 55 million barrels of crude available, government subsalt management company Pre-Sal Petroleo...

Stabroek Block operator, Esso Exploration and Production Guyana Limited (EEPGL), has indicated that there will be a potential increase in demand for lodging in the Georgetown area as work on its development projects come on stream. This was specifically noted...

The Guyana-Suriname basin is the most appealing frontier market opportunity in the world and Brazil’s pre-salt reserves are also gaining attention, says a leading market intelligence company studying energy trends in the region. The total projected reserves at Guyana’s...

Dutch floater specialist SBM Offshore said Thursday it has been able to arrange, year to date, US$4.1 billion project related financings to fund a record-breaking order book, demonstrating the financial strength of the company and the confidence which its...

(AP) — Six U.S. oil executives detained in Venezuela for four years on corruption charges have been granted a hearing before an appeals court, a rare decision by the judicial system in the South American country. A judge this week...

Guyana, Suriname and the Caribbean region is currently seeing a slowdown in licensing activity for a number of reasons, including the effects of the COVID-19 pandemic on frontier exploration which has prompted international oil companies to focus primarily on...

Marine geophysical service provider PXGEO has entered into an agreement with Petrobras to acquire an Ocean Bottom Node (OBN) seismic project in Brazil commencing in H2 2022 with an approximate duration of 3 months. The deal with Petrobras is the...

A sod turning ceremony occurred on Wednesday morning in Guyana at a Providence, East Bank Demerara site earmarked for the construction of a US$32 million Hyatt Place Georgetown hotel. The project, adding to a long line of hotels coming to...