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Westwood anticipates 2024 oil and gas-related engineering, procurement and construction (EPC) contract value will rebound to close at approximately US$76 billion, a 77% increase compared to 2023. This will be driven by the demand for approximately 324 subsea trees, 22...

Bp has announced the appointment of Murray Auchincloss as Chief Executive Officer (CEO) with immediate effect, following a thorough and competitive four-month search process. Auchincloss, who has been serving as interim CEO since September 2023 after the resignation of...

“Hopelessly misguided” is what Vice President Bharrat Jagdeo called Elizabeth Deane-Hughes, Vanda Radzik, and international lawyer Melinda Janki for their attempt to block funding for Guyana’s Gas-to-Energy project from the U.S. EXIM Bank.  Janki reportedly wrote a letter to the...

The National Gas Company of Trinidad and Tobago Limited (NGC) announced in a Jan. 18 release that Mark Loquan will not be renewing his contract with the company. His term as Director on the NGC Board and its affiliates...

Equinor was awarded 39 new production licenses by Norway’s Ministry of Energy. The licenses, distributed across the North Sea, Norwegian Sea, and Barents Sea, position Equinor as the operator in 14 of these licenses and a partner in 25...

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...