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SBM Offshore has secured a US$210 million revolving credit facility (RCF) to finance the construction of Fast4Ward® Multi-Purpose Floater (MPF) hulls, the company said in December 15 release.  The tenor of the RCF is eighteen months with an extension option...

Staatsolie, Suriname's state oil company, announced on December 15, that it has signed three production sharing contracts (PSC) for the offshore deepwater blocks 63, 64, and 65. The blocks were part of the Demerara bid round held from November...

The Argyle Joint Declaration, a result of the recent meeting between Guyana and Venezuela Presidents, Irfaan Ali and Nicolas Maduro, has elicited a critical response from Guyana’s shadow foreign minister and Member of Parliament (MP), Amanza Walton-Desir.  The Declaration’s commitment...

Pro-Tempore President of the Community of Latin American and Caribbean States (CELAC), Dr. Ralph Gonsalves brought to a close, a meeting of the Presidents of Guyana and Venezuela, Irfaan Ali and Nicolas Maduro, on December 14, 2023.   While both Presidents...

The Guyana parliamentary opposition, led by Aubrey Norton, decided not to attend the meeting in Saint Vincent and the Grenadines between Presidents Irfaan Ali of Guyana and Nicolás Maduro of Venezuela, which was brokered by the Caribbean Community (CARICOM)...

Equinor has reached an agreement to acquire Shell's equity in and operatorship of the Linnorm discovery in the Norwegian Sea. This agreement entails Equinor obtaining a 30% interest in the PL 255, which covers the Linnorm discovery, contingent on assuming...

United Kingdom (UK) Member of Parliament John Anderson is calling for immediate sanctions against Venezuelan President Nicolás Maduro, who, in defiance of a ruling by the International Court of Justice (ICJ) on Dec. 1, is moving forward with actions...

Falcon Logistics Inc., an affiliate of Blue Water Shipping, an international provider of project logistics and freight forwarding services, has announced the signing of three 3-year contracts with ExxonMobil Guyana.  The contracts cover vessel agency and wharfage operations, customs clearance,...

The Minister for Europe and Foreign Affairs of France, Catherine Colonna, engaged in a conversation with Guyana's President, Dr. Mohamed Irfaan Ali, addressing the ongoing territorial dispute between Guyana and Venezuela. The dialogue underscored France's commitment to upholding Guyana's...

President Dr. Mohamed Irfaan Ali of Guyana, in a recent letter to the Prime Minister of Saint Vincent and the Grenadines, Dr. Ralph Gonsalves, has clarified his stance regarding the upcoming high-level dialogue with Venezuela's President, Nicolas Maduro. Scheduled...