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Guyanese authorities have expressed an interest in tapping India’s expertise to help continue the buildout of a world-class regulatory framework for the oil sector. Vice President Dr. Bharrat Jagdeo said this is likely, given that it is one of...

The government of Newfoundland and Labrador has announced its consideration of selling stakes in the province's offshore oil industry, revealing plans to move forward with phase three of the comprehensive review of current oil and gas interests. The government is...

The National Petroleum Corporation of Namibia (NAMCOR) announced a substantial oil discovery in Block 2813A (PEL83), Orange basin, offshore Namibia. NAMCOR, with a 10% carried interest, collaborated with partners Galp Energia (80%, operator) and Custos (10%) in the successful...

Guyana's Ministry of Natural Resources has announced a request for proposals (RFP) from private companies for the design, finance, construction, and operation of essential gas infrastructure to support offshore developments in the South American nation. This initiative is part...

Stena Drilling recently announced on LinkedIn that the Stena Carron, a dynamically positioned, harsh environment, ultra-deepwater drillship, has departed Guyana for Las Palmas, Spain. The vessel will undergo a Special Periodic Survey (SPS) in Spain. The SPS is a...

Trinidad-based independent exploration and production (E&P) company, Trinity Exploration & Production has disclosed operational developments for the three months ending December 31, 2023 (Q4 2023).  The company detailed ongoing operations at the Jacobin-1 well, emphasizing safety measures and addressing challenges...

ExxonMobil reported an achievement of record production from its projects in the Permian basin and Guyana during the second quarter of 2023. Surging beyond expectations, the company said its production levels witnessed a remarkable growth of over 20% compared...

Mike Sommers, Chief Executive Officer (CEO) of the American Petroleum Institute (API) sounded alarm bells over President Joseph Biden’s mulled slowdown of liquefied natural gas (LNG) project approvals.  Reports indicate the Biden administration is re-evaluating the climate criteria it uses...

The value created by GACIO’s US$30 million marine facility on the West Bank of Demerara was enormous, said Guyana President Irfaan Ali at the commissioning ceremony on Jan. 13.  Ali delivered the feature address at the event and said the...

Acting British High Commissioner, Greg Quinn recently pointed to the “ten-fold” surge in UK-Guyana trade, one he said reflects a keen interest from investors aiming to access the South American market. Quinn had previously served in the position from 2015...