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Guyana delivered 800 million boe in 2023 compared to 3.4 billion last year

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Twenty-twenty two was hailed as the most successful year for exploration in Guyana's history, marked by a total of nine discoveries in the Stabroek Block and a significant find in the Corentyne Block. This year, the pace has slowed,...
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Halliburton seeks maintenance service providers for liquid mud plant in Guyana

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Oil service company, Halliburton, has issued a public request for information (RFI) seeking maintenance service providers for its liquid mud plant in Guyana. The scope of the requested services revolves around executing the monthly preventive maintenance schedule for all...
Discoveries

Guyana is now a major competitive, policy-friendly player in global deepwater arena

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A massive infrastructure transformation and construction boom in South America’s lone English-speaking country are the most visible signs of the nation’s newfound wealth which is being delivered by huge oil fields under development offshore. And the latest World Economic...
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Canada says it strongly supports Guyana’s territorial integrity

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In a recent statement by Global Affairs Canada, the Canadian government reaffirmed its strong support for Guyana's territorial integrity amid the ongoing border controversy with Venezuela.  “Canada has been closely monitoring recent developments following the consultative referendum on the Essequibo...
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Guyana EITI says report on fiscal year 2021 will be out before yearend

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The Guyana Extractive Industries Transparency Initiative (GYEITI) has announced the forthcoming release of its fiscal year 2021 report, which is expected to be published on or before December 31, 2023. This announcement coincides with the launch of the organization’s...
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TotalEnergies in JV to develop 1,500-MW hydropower project for Mozambique

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TotalEnergies and partners EDF and Sumitomo Corporation have embarked on a joint venture to develop the Mphanda Nkuwa hydropower project (MNK). The consortium, comprising EDF (40%), TotalEnergies (30%), and Sumitomo Corporation (30%), has been chosen by the Mozambican government...
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UK foreign minister for Guyana visit in support of country’s sovereignty

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The United Kingdom continues to express support for Guyana amid the ongoing territorial controversy with Venezuela. David Rutley, the Parliamentary Under-Secretary of State for Americas and Caribbean, will visit Guyana in the coming days as a gesture of solidarity....
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Guyana’s oil ends 20-year current account deficit, as 2022 exports overtake imports – IMF

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Guyana’s economic landscape underwent a major transformation in 2022, as the country’s current account shifted to a surplus of 23.8% of gross domestic product (GDP). This notable change comes after two decades of consistent deficits. According to the International...
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Noble Innovator jackup gets contract extension with bp in North Sea

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Noble Corporation said bp has exercised an option to add one well to the work scope of the ultra-harsh environment jackup rig Noble Innovator in the United Kingdom North Sea.  The Noble Innovator is currently operating for bp in the...
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SBM Offshore raises US$210 million revolving credit facility to finance its Fast4Ward hulls

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SBM Offshore has secured a US$210 million revolving credit facility (RCF) to finance the construction of Fast4Ward® Multi-Purpose Floater (MPF) hulls, the company said in December 15 release.  The tenor of the RCF is eighteen months with an extension option...
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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