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Hess Corporation posted net income of US$430 million, or US$1.39 per share, for the first quarter of 2025. This marks a sharp decline from US$972 million, or US$3.16 per share, in the same period last year. On an adjusted basis,...

The Export-Import Bank of the United States (EXIM) has awarded its prestigious Deal of the Year Award to the Guyana Gas-to-Energy Project at the 2025 annual conference, the institution announced on April 30.  The winning collaboration includes Lindsayca, CH4 Systems,...

Oil companies operating in Guyana would be liable for all damages caused by an oil spill incident they cause, including the costs of removal and the restoration of the environment as far as practicable, under proposed legislation tabled in...

Noble has secured new offshore contracts with a combined value between US$2.2 billion and US$2.7 billion, the company announced on April 28. The company stated that the contracts add 15 rig years to its floater backlog and significantly increase...

TechnipFMC reported total revenue of US$2,233.6 million in the first quarter of 2025, with net income (attributable to the company) of US$142 million, or US$0.33 per diluted share.  TechnipFMC said its after-tax charges and credits totaled US$0.9 million in expenses....

Voters in Trinidad and Tobago have removed the ruling People’s National Movement (PNM) from power. Electing the United National Congress (UNC) headed by Kamla Persad-Bissessar.  Persad-Bissessar, 73, previously led the country from 2010 to 2015. She remains the only woman...

The Georgetown Chamber of Commerce and Industry (GCCI) on Tuesday urged citizens to allow peace and stability to prevail. The call follows a night of protests, looting, and violence in Georgetown and along parts of Guyana’s coast over the...

The Government of Guyana on Monday tabled the long-anticipated Oil Pollution Prevention, Preparedness, Response, and Responsibility Bill 2025 in Parliament, moving to strengthen the country’s legal framework for managing offshore oil spills amid the rapid expansion of its petroleum...

The Government of Guyana is stepping up efforts to strengthen the local content framework in the oil and gas sector, according to the Ministry of Natural Resources. At the recently concluded Local Content Summit, Minister of Natural Resources, Vickram Bharrat,...

An April 28 article by the Energy Chamber of Trinidad and Tobago floated the idea of Guyana being a “potential source” of natural gas to fill the Twin Island Republic's spare capacity.  With Trinidad’s Dragon gas dreams appearing dashed, the...