Brazil’s state-owned Petrobras said it will need a “broad and qualified supply chain” to meet the demand for new production systems it aims to install by 2028. This point was made by its Director of Engineering, Technology and Innovation,...
Guyana’s Ministry of Finance on May 13 announced a write-off of GY$11 billion (approximately US$53 million) in loans taken by students to attend the University of Guyana.
Vice President Bharrat Jagdeo had said the government would clear student debt before...
(Yahoo News, May 13, 2024): Russia has found huge oil and gas reserves in British Antarctic territory, potentially leading to drilling in the protected region.
The reserves uncovered contain around 511bn barrels worth of oil, equating to around 10 times...
The oil market is continuously evolving, and the inclusion of the Permian Basin’s WTI Midland into the Brent complex in May 2023 marked a milestone. Global Director for Crude Oil and Fuel Oil at S&P Global Platts, Joel Hanley,...
Japanese shipbuilder MODEC will hold a Vendor Engagement Forum on May 14, 2024. The company will engage with Guyanese suppliers at the Centre for Local Business Development (CLBD) office in Georgetown. The forum will include information-sharing about MODEC’s procurement...
Suriname’s state oil company Staatsolie is preparing itself to prudently manage the country’s billion-dollar offshore oil industry. Staatsolie’s Managing Director, Annand Jagesar said the company is already eyeing a crucial step to realizing this goal; the establishment of a...
Noble Corporation said it was awarded a new contract for the jack-up Noble Resolve with an undisclosed operator.
The jack-up will embark on a campaign to plug and abandon 13 wells offshore Spain for 170 days starting in Q2 2025.
The...
Former Colombian President Ivan Duque believes that the situation unfolding in Ukraine will not be replicated in the Western Hemisphere, because of the international community’s support for Guyana.
Russia invaded Ukraine back in 2022 in an escalation of the Russo-Ukrainian...
SBM Offshore reported a strong performance in its first quarter results for 2024, with revenues driven by the successful delivery and operation of the Prosperity and Sepetiba floating production, storage and offloading (FPSO) vessels to Guyana and Brazil. Øivind...
ExxonMobil Guyana and Ramps Logistics on April 10 denied before a Guyana Court, a charge concerning the submission of an inflated invoice to the local tax and customs administrator, the Guyana Revenue Authority (GRA).
The accusation points to a declaration...
