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Guyana says World Court ordered Venezuela not to conduct elections in Essequibo territory

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Guyana said Thursday that the International Court of Justice (ICJ) has ordered Venezuela not to conduct or prepare to conduct elections in the resource-rich Essequibo region, which is administered by Guyana but claimed by its western neighbor. President Irfaan Ali...
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Venezuela’s oil comeback possible but only with a normalized environment – Rystad Energy 

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Saudi Arabia is expected to anchor the next decade of global oil supply. But Venezuela’s uncertain future remains a critical variable that could disrupt a tightening and increasingly concentrated energy landscape, according to a recent Rystad Energy report.  Venezuela holds...
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Hess sees steep drop in quarterly earnings, bringing in US$430M

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Hess Corporation posted net income of US$430 million, or US$1.39 per share, for the first quarter of 2025. This marks a sharp decline from US$972 million, or US$3.16 per share, in the same period last year. On an adjusted basis,...
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Gas to take spotlight at upcoming Suriname Energy Summit as region expands ambitions

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Gas will be taking center stage at this year’s Suriname Energy Oil and Gas Summit (SEOGS) set for June 17 - 20. According to the SEOGS website, a pre-summit gas masterclass and technical sessions will focus on gas supply,...
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Guyana’s Gas-to-Energy project wins Deal of the Year at EXIM 2025 Conference

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The Export-Import Bank of the United States (EXIM) has awarded its prestigious Deal of the Year Award to the Guyana Gas-to-Energy Project at the 2025 annual conference, the institution announced on April 30.  The winning collaboration includes Lindsayca, CH4 Systems,...
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New oil spill bill places full liability on companies for damages and clean-up 

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Oil companies operating in Guyana would be liable for all damages caused by an oil spill incident they cause, including the costs of removal and the restoration of the environment as far as practicable, under proposed legislation tabled in...
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Noble secures 15 rig years in offshore contracts, cites strength of long-term market

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Noble has secured new offshore contracts with a combined value between US$2.2 billion and US$2.7 billion, the company announced on April 28. The company stated that the contracts add 15 rig years to its floater backlog and significantly increase...
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TechnipFMC posts US$2.2B first quarter revenue

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TechnipFMC reported total revenue of US$2,233.6 million in the first quarter of 2025, with net income (attributable to the company) of US$142 million, or US$0.33 per diluted share.  TechnipFMC said its after-tax charges and credits totaled US$0.9 million in expenses....
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Kamla Persad-Bissessar returns as TT PM in historic win

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Voters in Trinidad and Tobago have removed the ruling People’s National Movement (PNM) from power. Electing the United National Congress (UNC) headed by Kamla Persad-Bissessar.  Persad-Bissessar, 73, previously led the country from 2010 to 2015. She remains the only woman...
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Georgetown business group urges peace amid unrest over child’s death

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The Georgetown Chamber of Commerce and Industry (GCCI) on Tuesday urged citizens to allow peace and stability to prevail. The call follows a night of protests, looting, and violence in Georgetown and along parts of Guyana’s coast over the...
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Linden-Mabura road to soon link South America’s oil giants, boost trade and integration

Guyana’s Linden to Mabura Hill road project will be spotlighted at the Caribbean-Brazil Summit on June 13 in Brasilia....

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