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As a result of high oil prices driven by the Russia-Ukraine war, territories such as the United Kingdom and Canada have implemented a windfall tax on oil companies. This tax, which is applied to the profits oil companies gain...

The government of Trinidad and Tobago is finalising a commercial agreement for the 112.2-megawatt (MW) Project Lara, a joint venture comprising of multinational energy giants, Shell and BP, and specialist solar energy company, Lightsource BP. Two sites have been identified...

Italian energy services company and ExxonMobil subcontractor, Saipem, said on Wednesday it has agreed to sell its drilling onshore business to British-based oil drilling contractor KCA Deutag (KCAD) for $550 million to focus efforts on building out its offshore operations. Saipem’s onshore drilling business operates globally outside...

Today, Guyana joins the globe in celebrating World Environment Day 2022. This year’s campaign “Only One Earth” calls for collective, transformative action on a global scale to celebrate, protect and restore the planet. For many countries restoring the planet will prove...

Guyana's offshore Stabroek Block developments have been outstanding performers when it comes to pace and efficiency. Hess Corporation’s Chief Executive Officer (CEO), John Hess said the projects come on two to three times faster than any other global offshore...

As it continues to weigh the pros and cons of having passive ownership in a National Oil Company (NOC), the Guyana Government has said any potential partner it chooses to manage the facility would need to have “deep pockets”...

While it has applauded the Guyana Government for its prudent review and amendment of the Natural Resource Fund Legislation, thereby making it more effective and transparent, the International Monetary Fund (IMF) has urged local authorities to be mindful of...

History has shown that many oil-producing states often see an increase in corruption with the onset of oil and gas production. Angola, Nigeria, and Uganda are examples of this. In light of this risk, the International Monetary Fund (IMF)...

The International Monetary Fund (IMF) has thrown its support behind Guyana’s plans to bring down electricity costs, which include the implementation of the transformative gas-to-energy project. The initiative will see the construction and operation of a pipeline from the Liza...

Trinidad and Tobago’s deepwater auction concluded on the final day of the Trinidad and Tobago Energy Conference, Thursday. Companies showed little interest, submitting bids for just four of 17 blocks. Information received from the Energy Chamber of Trinidad and Tobago indicates...