Featured

South America’s newest producer sits among top nations for oil reserves per capita – IMF report highlights 

The International Monetary Fund (IMF) has underscored Guyana's significant position among countries with the highest levels of oil reserves per capita worldwide, presenting a promising economic outlook compared to its historical trajectory. Commercially recoverable petroleum reserves in Guyana now exceed...

Keel-laying done for SBM Offshore’s fifth Fast4Ward vessel

Shanghai Waigaoqiao Shipbuilding (SWS) has reportedly completed the keel-laying process for the fifth Fast4Ward floating production, storage, and offloading (FPSO) hull, just seven months shy of the initial steel cutting for the vessel. The FPSO was constructed based on SBM...

Gas strategy to position Guyana as centre of regional integration

Guyanese regulators are in the process of finalizing the nation’s gas strategy, which will guide authorities in transforming the country into a hub for regional integration. Speaking on the importance of the strategy, President, Dr. Irfaan Ali recently reminded...

Ali, Maduro to meet next week: Guyana maintains no deviation from ICJ 

President Irfaan Ali has agreed to a proposed meeting with Venezuela’s President Nicolás Maduro set to take place next Thursday in St. Vincent & the Grenadines, facilitated by the Prime Minister of St. Vincent Ralph Gonsalves and observed by...

Russia calls for de-escalation of tensions in Guyana-Venezuela border controversy

Maria Vladimirovna Zakharova, Director of the Information and Press Department of the Ministry of Foreign Affairs of the Russian Federation, issued a statement emphasizing Russia's close attention to the recent developments surrounding Essequibo. This comes in light of the...

CARICOM stands firmly with Guyana: calls for peaceful resolution at ICJ

See full statement issued by CARICOM:  CARICOM Heads of Government met in caucus on Friday, December 8, to discuss the situation with regard to the Venezuela-Guyana border controversy and agreed to issue the following statement:  CARICOM firmly supports Guyana in pursuance...

“We cannot allow a situation like Ukraine in this hemisphere” – Ali

The situation unfolding in Ukraine cannot be allowed to occur in this hemisphere.  Those were the words of Guyana’s President Irfaan Ali on Wednesday as he addressed Venezuela’s aggressive posturing and attempts to grab two-thirds of his country’s territory.  Russia invaded...

ExxonMobil foresees profit and expansion surge fueled by Guyana, Permian advancements

Exxon Mobil Corporation recently outlined growth plans, projecting a surge in earnings potential and production expansion through 2027. The company anticipates growth in its upstream earnings, with an estimated doubling from the 2019 reported level. This outlook is bolstered...

UN Security Council sanctions possible for Venezuela’s non-compliance, says Guyana’s Attorney General

Guyana's Attorney General, Anil Nandlall, has shed light on potential ramifications for Venezuela should it continue to defy the International Court of Justice's (ICJ) ruling regarding the territorial controversy with Guyana. Nandlall, on December 5, emphasized the binding nature...

Belize joins league of nations condemning Maduro’s violation of international law

See the full statement issued by the government of Belize: The Government of Belize is deeply concerned about recently announced decisions by the Government of the Bolivarian Republic of Venezuela by which it purports to exercise rights of administrative sovereignty...

Latest News

Successful delivery of Prosperity, Sepetiba FPSOs boosts SBM Offshore’s Q1 revenue

SBM Offshore reported a strong performance in its first quarter results for 2024, with revenues driven by the successful...