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Plans are underway to commence the audit of Stabroek block expenses incurred by ExxonMobil, Hess and CNOOC for the period 2020-2023, said Vice President Bharrat Jagdeo.  “We are … going out to tender soon for the audit up to the...

ABB has been awarded a contract by Offshore Frontier Solutions Pte Ltd to provide a comprehensive electrical system and digital solutions for ExxonMobil's Errea Wittu floating production, storage and offloading (FPSO) vessel. Offshore Fronter Solutions is a joint venture...

Approximately 100 Guyanese will be offered a paid internship opportunity as part of local content training initiatives being implemented this year.  Senior Minister with responsibility for Finance, Dr. Ashni Singh, who presented Guyana’s 2024 budget on Jan. 15, reported that...

Guyana's Vice President Dr. Bharrat Jagdeo is defending a decision to revise the withdrawal rule in the country's Natural Resource Fund (NRF) Act, telling reporters at a press conference on Thursday that the original rule is “very conservative”. This...

The Guyana government plans to conduct an internal review of its offshore resources, a key step towards a potential second auction of its oil blocks.  Vice President Bharrat Jagdeo clarified that the exercise, described as a study this week by...

The NGC Group of Companies said its new subsidiary, NGC Green Company Limited (NGC Green), will be a 30% equity investor in 'Project Lara', Trinidad and Tobago’s first industrial-scale solar farm project, following the planned transfer of the interest...

With growing appeal as a travel destination, new oil producer Guyana recorded a record-breaking influx of tourists in 2023. The number, 319,056, equates to 40% of the country’s total population. This not only surpassed the previous record of 314,727 set...

Guyana’s oil and gas sector is set to hire over 1,600 Guyanese in the period 2024-2026. During the reading of the 2024 national budget, Guyana's finance minister, Dr. Ashni Singh, outlined the hiring forecast as detailed in the five-year...

TechnipFMC said it has been awarded a significant contract by bp for its Argos Southwest Extension project in the Mad Dog field. Significant contracts, according to TechnipFMC, are valued between US$75 million and US$250 million. Guyana among major oil producers driving...

Omni Helicopters has officially selected six Guyanese for the roles of search and rescue (SAR) rear crew with additional aviation security responsibilities, according to a January 15 press update. The selected team members, who have already commenced training, are...