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Hart Group-BDO Guyana hired to prepare Guyana’s 2021 EITI report

Guyana's Minister of Natural Resources, Vickram Bharrat, and Permanent Secretary, Joslyn McKenzie, have met with Hart Group and BDO Guyana. Spearheaded by David Quinn of Hart Group and Rakesh Latchana of BDO Guyana, the joint venture has been appointed...

Woodside hires KBR to modify Pluto LNG Train

KBR announced today that it has been awarded an engineering, procurement and construction management (EPCm) contract by Woodside Energy, as operator for and on behalf of the Pluto Joint Venture.   Woodside has a 90% stake, while Kansai Electric and Tokyo...

Lessons for Guyana – a glimpse into Trinidad & Tobago’s story. (Part 1)

By Cristina Caus - OilNOW While delivering the feature address at the La Primavera Banquet Hall in Ontario, Guyana’s President, Irfaan Ali announced the country’s plans to undergo a major transformation to build a “world-class service sector”. Addressing the misconception...

Recovered Stabroek Block expenses exceed US$14 billion at H1, 2023

ExxonMobil, Hess and CNOOC, have reached a significant cost recovery milestone as they develop the immensely lucrative Stabroek Block. As of the first half of 2023, the Stabroek Block partners have successfully recovered over US$14 billion in investments. This...

Guyana to weigh local auditors’ contribution before next Exxon audit phase

Guyana's government is taking a contemplative approach to future audits of Exxon's costs. Vice President Dr. Bharrat Jagdeo recently revealed that the administration is awaiting conclusions from the 2018-2020 cost audit before deciding on the path forward for subsequent...

Two Guyanese nationals off to Massachusetts on Noble scholarships

Two deserving students, Dianna Persaud and Kavita Singh, have embarked on their higher education dreams at the Massachusetts Maritime Academy, a public university located in Buzzards Bay, Massachusetts. Noble Corporation, a critical drilling company for Exxon’s Guyana operations, has...

Bp, Subsea Integration Alliance pave way for enhanced project performance

Subsea Integration Alliance (SIA), a strategic global partnership between Subsea7 and OneSubsea™, has entered into a memorandum of understanding (MoU) with oil giant, bp. This MoU, announced by Subsea7, aims to create a foundational agreement to streamline integrated subsea...

GYSBI awards 11 technical scholarships out of 300 Guyanese applicants

Guyana Shore Base Inc. (GYSBI) said eleven students drawn from eight regions across Guyana are the inaugural recipients of its new technical scholarship programme, which was launched in July. The students are Venola Allen from Warapoka Village, Region One, and...

Infrastructure development in the emerging Guyanese oil & gas economy (A Review of Transforming Guyana: Season II Episode IV)

By Tash Van Doimen & Dr. Terrence Blackman - OilNOW In the latest installment of the enlightening web series, "Transforming Guyana," which aired on Wednesday, September 13, 2023, through a partnership between the Guyana Business Journal (GBJ) and the Caribbean...

Oil nation clinches first CPL title; ‘nothing short of exceptional’ says President Ali

History was made on Sunday at Providence as the ExxonMobil-sponsored Guyana Amazon Warriors won the 2023 Republic Bank Caribbean Premier League (CPL) final, defeating the Trinbago Knight Riders by nine wickets. This marks Guyana’s maiden CPL title for the franchise.  In...

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Petrobras credits stronger Brent prices, fuel sales for first-quarter performance

Petrobras reported a net profit of US$6.2 billion (R$32.7 billion) in the first quarter of 2026, up 110% from...