Featured

Suriname delegation for Guyana visit today to further talks on cooperation on O&G, other opportunities

Two months after the President of Guyana, Dr. Mohamed Irfaan Ali, and Surinamese President, Chandrikapersad Santokhi, met and agreed to cooperate in areas including oil and gas, a Ministerial delegation from Suriname including the Minister of Foreign Affairs, International...

Guyana, Qatar to collaborate on oil and gas, portable military hospitals for pandemic fight

Guyana’s President, Dr Mohamed Irfaan Ali, on Tuesday discussed several key areas of collaboration and cooperation with the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, during a telephone conversation. According to a press release from the Office of...

There must be a balance between safety and economic survival – Guyana President says as airports reopen

International air travel has been restored in the new oil producing South American country of Guyana after several months of lockdown due to the global pandemic. The move by the new government to reopen the country’s two international airports...

Instead of strict requirements, Guyana could incentivize companies to achieve local content targets – Dr. Marcel

When oil producing nations pursue the development of a local content policy, one of the challenges that often emerges, is striking the balance between a policy that is not too rigid and one that’s still not watered-down. As Guyana...

AMCHAM T&T gearing up for first virtual safety and environment conference

The American Chamber of Commerce Trinidad and Tobago (AMCHAM T&T) will host the 24th Annual Health, Safety, Security and Environment (HSSE) Conference and Exhibition to be held virtually from October 19 – 23, 2020. Over the duration of the conference, a...

Delegation from U.S to discuss investment opportunities in South America’s newest oil producing nation

Almost one month after U.S Secretary of State, Michael Pompeo, and Guyana’s President, Dr. Mohamed Irfaan Ali, signed a  Memorandum of Understanding (MoU)  on energy and infrastructure, a Government delegation from the U.S will be in Guyana to discuss...

ExxonMobil funds aerial monitoring system for Iwokrama rainforest

The Iwokrama International Centre announced Monday that with funding from ExxonMobil Guyana it is now able to remotely monitor the Iwokrama forest using drone technology. The drone, which has communication capability, will help to significantly monitor areas of the forest...

Guyana, Suriname entering high-stakes competition for development of deepwater resources

Five years after Guyana’s first oil discovery and just weeks after production started last December, Suriname experienced a game-changer with its first offshore discovery at Maka Central-1. This was closely followed by two other discoveries – Sapakara West-1 and...

Beneficial ownership of Guyana oil blocks will have to be disclosed to EITI

Guyana, as an Extractive Industries Transparency Initiative (EITI) implementing country, is among the those mandated to comply with Requirement 2.5 of the EITI Standard 2019 which relates to full disclosure of beneficial ownership of companies, including those in oil...

Petronas spuds first well offshore Suriname

Malaysian oil and gas company Petronas has spudded its first well - Sloanea-1 - offshore Suriname at Block 52 where it has farm-down 50% of its interest to US oil major ExxonMobil. Denmark-based drilling rig operator Maersk Drilling is carrying out...

Latest News

Guyana “may have” already surpassed first billion barrels of oil produced – Routledge

Guyana may have already produced more than one billion barrels of oil since offshore production began in December 2019,...