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In a decision delivered on Wednesday July 8, the Caribbean Court of Justice (CCJ), Guyana’s highest court, ruled that the judgment handed down by the Guyana Court of Appeal on June 22, 2020, which was used by the Chief...

(Reuters) - Petrobras is preparing to launch a tender to build Brazil’s largest-ever oil platform, according to two people with knowledge of the matter, as the state-controlled oil firm pushes ahead with ambitious plans to boost deepwater production. Petroleo Brasileiro...

The South American county of Guyana is being urged to use its oil revenue to further green initiatives as the region and world continue to face a growing climate change emergency. British High Commissioner to Guyana, Greg Quinn, is of...

Investors like stability and predictability. Knowing what to expect in the future forms the basis for multimillion-dollar investments in the present, or alternatively, taking those resources to another more favourable destination. In an article published in Forbes on July 2,...

(AP) — For two months, the Malta-flagged oil tanker Alkimos has been quietly floating off the Gulf Coast of Texas, undisturbed by the high-stakes legal fight playing out in a federal courtroom as a result of American sanctions on...

Even though the market has expressed disappointment in the heavy oil found in the Jethro and Joe wells at the Orinduik block, it should bear in mind that three-quarter of the prospects are in the Cretaceous play says Gil...

US independent Apache Corporation has scooped up the discovery of the year award for its Maka Central-1 oil strike off the coast of Suriname, announced on January 7. The award was made in conjunction with Wood Mackenzie’s industry-leading annual Exploration...

ExxonMobil Guyana and the Iwokrama International Centre have joined forces to provide 10 indigenous communities with cleaning and sanitization materials to help them through the COVID-19 pandemic. Iwokrama said the hand sanitizers, liquid soap, detergent and face masks that were...

Italian multinational oilfield services company Saipem said on Monday it has been awarded a contract by Petrobras for the installation of a rigid riser-based subsea system to serve the Búzios pre-salt project, in water depths from 1537 to 2190 meters, offshore...

More than 2,400 Guyanese businesses are now registered on the Centre for Local Business Development’s (CLBD) Supplier Registration Portal where they are able to access procurement opportunities in the oil and gas sector. Since the start of operations in July...