News

Recent media reports have zeroed in on what was purported to be the final findings from an IHS Market audit of ExxonMobil’s 1999-2017 costs for its Stabroek Block operations.  But Commissioner General of the Guyana Revenue Authority (GRA) Godfrey Statia...

Immediate past President of a key business group in Guyana - the Georgetown Chamber of Commerce and Industry - Timothy Tucker, says everyone, except the commercial banks, is betting on the new oil producing South American country. This is...

Trinity Exploration & Production said in a 2023 Q1 operational update that wellsite preparation for the onshore deep Jacobin well is underway, with the prospect expected to be spudded in late April. The company has a 100% interest in the...

Access to finance continues to be the common theme in local content discussions, as it remains a main hindrance to the success of local enterprises desirous of tapping into Guyana’s expanding oil sector.  As the inaugural Local Content Summit 2023...

"We are here to listen," Vice President Dr. Bharrat Jagdeo said as keynote speaker for the opening of Guyana's first ever Local Content Summit, Tuesday at the Pegasus Corporate Centre. The summit comes as the government is gearing up to...

Former President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker, is heavily criticizing calls to renegotiate the contract Guyana entered with ExxonMobil and the Stabroek Block co-venturers. Tucker pointed out that arbitrary decisions to change the...

Offshore competition could heat up in Guyana, with Shell Corp. mulling a stunning return after leaving the country 10 years ago.  ExxonMobil is currently the sole oil producer in the South American country and the only company that has found...

Saipem said that it was recently awarded new offshore engineering, procurement construction and installation contracts and competitive front end engineering design (FEED) contracts, totaling US$650 million.  One award is from Azule Energy for the Agogo Full Field Development project, a...

With a target of cutting emissions by 15% by 2030, Trinidad and Tobago’s Energy Minister Stuart Young and a team of officials met with executives from three major petrochemical companies to discuss the country’s potential for carbon capture, utilisation...

The International Court of Justice (ICJ) said it will make a key ruling in the border case between Guyana and Venezuela: Arbitral Award of 3 October 1899 (Guyana v. Venezuela). The judgment is not related to the conclusion of...