Frontera Energy has announced financial results for the second quarter of 2023, showcasing a substantial net income of CA$80.2 million or CA$0.94 per share. This marks a significant upswing from the previous quarter's net loss of CAD$11.3 million or...
Guyana, in its rapid march towards development, is facing a concerning shortage of skilled, semi-skilled, and unskilled labour. To combat this issue, the government is pondering the creation of a National Labour Committee, working under the umbrella of the...
M.V Galileo Galilei, the largest dredger ever to sail the Demerara River, has now made its exit from Guyana. This marvel, owned and operated by the Jan De Nul Group, leaves behind a testament to its efficacy – a...
Guyana’s Minister of Natural Resources has revealed that the government agreed to let Exxon unitise the Liza and Payara fields, a step to allow a floating production, storage and offloading (FPSO) vessel from one field to tap oil from...
S&P Global Commodity Insights’ oil pricing and news expert Patrick Harrington sees Guyana and Brazil’s crude going toe-to-toe when Guyana’s production hikes.
“...as Guyana’s production ramps up, Guyana and Brazilian crude will be in real head-to-head competition,” Harrington shared in...
Brazil's state-run oil company Petrobras is considering the possibility of boosting its investments in the upcoming five-year business plan by as much as 10%, according to statements made by Chief Financial Officer, Sergio Caetano Leite. If approved, this adjustment...
Plympton Farms’ greenhouse and hydroponic system, which are being supported by SBM Offshore Guyana’s Green Farms Initiative, recently gained the attention of the highest office in the South American country for its use of technology that allows for increased...
Italy's Saipem, a leading engineering, drilling, and construction services company, continues to make waves in the energy sector with its recent contract wins. In the span of two days, the company has secured its third contract this month. The...
Guyana’s ascent on the global oil scene has been nothing short of spectacular, as described by S&P Global Analyst Patrick Harrington during a podcast on August 3.
In a few short years, the South American country continues to make waves...
Tullow Oil has decided to sell its stake in the Orinduik Block, located offshore Guyana. At first glance, one might perceive this to indicate a lack of confidence in the prospectivity of the Orinduik Block. However, upon closer inspection,...
