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Guyana will be among world’s largest crude oil producers by 2027 – John Hess

Chief Executive of Hess Corporation, John Hess, said Guyana is on its way to becoming one of the world’s largest crude oil producers by 2027. He made the comment Friday during an event at State House in Georgetown. 2027 is...

Maersk Resilient rig passes one year with no lost time incidents

Maersk Drilling recently reached another safety milestone. Its Maersk Resilient jack up rig went an entire year without lost time incidents. “Another safety milestone has been reached! As a true testament to #MaerskDrilling’s commitment to safety, #MaerskResilient surpassed 1 year without any lost time incidents,”...

Hess to plug over US$30M into developing world class healthcare in Guyana – Ali

Chief Executive Officer of Hess Corporation, John Hess will be plugging nearly US$32 million into a nationwide program to revolutionise public healthcare in Guyana. President Dr. Mohamed Irfaan Ali revealed this during a signing ceremony on Friday for the...

Guyana’s low carbon push includes climate resilient health systems

Guyana’s Low Carbon Development Strategy (LCDS) 2030 considers the implications of the changing climate on every sector, including public health. Government’s health policy under its LCDS 2030 was framed with certain learnings in mind. These include that climate change has...

Suriname’s upcoming bid round: 8 million acres of shallow water blocks up for grabs – Staatsolie

Investors have already lined up to grab Suriname’s deepwater blocks when the auction opens later this year. But Staatsolie’s Offshore Vice President, Glenn Corrie is urging that attention also be paid to the shallow water auction set for 2023. That...

Caribbean leaders unwavering in support of Guyana’s sovereignty

Following the culmination of the annual Heads of Government meeting of the Caribbean Community and Common Market (CARICOM) in Suriname, leaders issued a communique reiterating the regional body’s support for Guyana’s sovereignty and territorial integrity, as Venezuela persists with...

Is Venezuela’s oil industry returning to its former glory?

The global energy crisis has seen the re-emergence of Venezuela’s oil and gas industry, dragging the country out of more than a decade-long economic slump. A LatinFocus Consensus Forecast conducted by FocusEconomics sees the Spanish-speaking nation’s economy expanding by 9.8%...

Shell North Sea well comes up dry

U.S oil major Shell, operator of the Edinburgh exploration well (30/14a- 5), has failed to hit commercial quantities of hydrocarbons at the prospect, along with partners DNO and Spirit Energy. The well, drilled in offshore UK license P255, is being plugged and abandoned. DNO...

US$100M marine port facility for Suriname as oil discoveries surge offshore

Increased deepwater action offshore Suriname has created a need for large port facilities to service the nation’s expanding oil and gas industry. Three companies; the Emirati-based DP World, HJ de Vries Project Development N.V. and FIRM Engineering N.V. have partnered to fill...

Guyana’s oil take will increase over time, says former business minister

Dominic Gaskin, who served as Guyana's Minister of Business under the previous administration, says Guyana’s take from oil production activities at the Stabroek Block will increase in the future. Mr. Gaskin made this comment in a letter published in the...

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Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...