News

SBM Offshore launches second annual Guyana-Monaco Mousetrap Car Grand Prix

SBM Offshore has officially initiated the second Guyana-Monaco Mousetrap Car Grand Prix 2024, inviting secondary schools in Guyana to participate in the unique international competition with the support of the Ministry of Education. According to a release from SBM Offshore...

High cost of power drives investors away, says business group in most vigorous push yet for Gas-to-Energy project

Senior Vice President of the Georgetown Chamber of Commerce and Industry (GCCI), Richard Rambarran, said seven out of every 10 investors who interact with the Chamber, end up postponing their investment decisions in Guyana, deterred by the country's persistent...

Trinidad says two vessels involved in oil spill were bound for Guyana

Trinidad and Tobago’s Coast Guard (TTCG) confirmed today that not one, but two vessels - a tug and barge - were involved in the oil spill it is currently battling. “Even as investigations are continuing, video footage and other information,...

Berbice region to be central hub for gas supporting infrastructure – Pres. Ali

As Guyana builds out its gas industry, President Irfaan Ali sees the Berbice region playing an integral role in its development.  According to the President, Berbice is set to become a hub for “gas-supporting infrastructure.”  “A mall, hospital, industries and, of...

ExxonMobil’s Liza projects cop excellence award

ExxonMobil's Liza projects have been honored with the International Petroleum Technology Conference (IPTC) Excellence in Project Integration Award, recognizing outstanding achievements in executing oil and gas projects.  The award, presented during the 2024 IPTC in Dhahran, Nepal, highlighted the company's...

Senegal’s first-ever FPSO arrives for mid-2024 startup

Woodside Energy announced the February 10 arrival of the first floating production, storage and offloading (FPSO) vessel to Senegal’s waters. The Léopold Sédar Senghor FPSO will now be hooked up to the subsea infrastructure and 23 wells for a...

Petronas commences drilling on Fusaea well in Suriname’s Block 52

Annand Jagesar, Managing Director of Staatsolie confirmed that Petronas has commenced drilling in Suriname’s block 52.  “They are drilling the Fusaea oil exploration well. This will be followed by the Sloanea gas appraisal well,” Jagesar told OilNOW. Drilling activities are...

Venezuela army movements small in scale; no indication of impending hostilities – US security spokesman’

White House National Security Communications Advisor, John Kirby, said the United States (U.S.) is closely monitoring Venezuela’s build-up of military forces near the border with Guyana and described the gathering(s) as small in scale.  “Our assessment is that whatever military...

TT oil spill “not under control”, Rowley declares national emergency

An unidentified ship, only known as "Gulfstream," has triggered a national emergency in Trinidad and Tobago after leaking oil onto the coasts of the southern twin islands, particularly Tobago. The incident, initially reported on Feb. 7 by the country's...

Guyana labor officials visit shore base facility following fatal accident

Investigations by Guyana’s Ministry of Labour into a fatality at a Vreed-en-Hoop Shore Base Inc. (VEHSI) facility determined that the deceased was not equipped with the necessary safety gear at the time of the incident.  He was identified as Health...

Latest News

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million...