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Guyana has made history by becoming the first country to receive CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation)-eligible credits for airlines, a significant achievement in global efforts to combat climate change.  According to a release from the Guyana...

The United Kingdom has substantially boosted financial support for projects in Guyana, surging from £750 million to £2.1 billion. This announcement was made by the UK Minister for the Americas, Caribbean, and Overseas Territories, David Rutley, during a February...

Suriname's second shallow offshore bid round is poised to garner significant attention from the global petroleum industry. The bid round offers lucrative opportunities in an area sandwiched between two major petroleum provinces, according to Geo Expro - a geoscientist...

Come Q2 2024, Western Logistics is looking to be fully operational in Suriname after years of demonstrating its prowess in Guyana’s oil and gas industry.  Its Chief Executive Officer (CEO), Pradeep Ramoutar, disclosed the company’s plan in an update to...

The Noble Sam Croft vessel is currently undertaking drilling operations at the Hatchetfish-1 well in Guyana’s Stabroek Block, operated by ExxonMobil.  According to the Maritime Administration Department (MARAD) the drillship is being assisted by 23 vessels. Those include Deep Ocean’s...

A dispute over Hess Corporation's stake in the Stabroek block off the coast of Guyana threatens to sideline Chevron Corporation from its planned acquisition of Hess, potentially locking it out of Guyana. Chevron announced the agreement with Hess Corporation...

Noble Corporation plc announced US$2.6 billion in revenue in its 2023 Annual Report, marking a year-on-year increase of 83%. Notably, Guyana emerged as the leading contributor, generating US$703 million (27%) million. The bulk of Noble’s revenues also came from Guyana...

Sergey Lavrov, Russia’s Foreign Minister, visited Caracas recently, during which he denounced 'external interference' in the territorial controversy between Guyana and Venezuela. “It is unacceptable to interfere in the internal affairs of Venezuela and any other country, in the problems...

Trinidad’s upstream gas sector could use every boost it can get, including Joe Biden’s decision to withhold approvals for new competitive U.S. liquefied natural gas (LNG) export projects.  Americas Market Intelligence (AMI) noted in a recent analysis that Trinidad’s economy...

QatarEnergy has announced that it is proceeding with a new liquefied natural gas (LNG) expansion project - North Field West. The project will further raise the State of Qatar’s LNG production capacity to 142 million tons per annum (MTPA)...