News

Guyana said Venezuela made an excessive timeline suggestion in a meeting to determine the way forward on the countries’ border controversy case at the International Court of Justice (ICJ).  Agents of the two countries met on June 11 with Judge...

For the first time in a decade, Trinidad and Tobago is undergoing a gradual and sustained economic recovery, according to the International Monetary Fund (IMF). On May 8, 2024, the IMF Executive Board concluded its Article IV consultation with...

The Guyana government said it sent Mae Thomas, an official sanctioned by the United States Treasury Department, on leave with immediate effect. The government statement came hours after an official release from the US announcing sanctions on Thomas; two...

The Mohameds, Nazar and his son, Azruddin; their companies and a Guyanese government official, Mae Thomas, have been sanctioned by the U.S. Treasury Department for their roles in public corruption in Guyana, a release said. Just last year, the...

A new report from the International Energy Forum (IEF) and S&P Commodity Insights revealed that despite rising production costs, most new oil supplies can be produced at under US$60/bbl Brent. The “Upstream Oil and Gas Investment Outlook” report highlighted...

With Guyana being among the fastest growing global economies, backed by its oil and gas sector, the nation has made “great improvements” in combatting money laundering, terrorism financing, and proliferation financing.  This is according to the Attorney General and Minister...

Paramaribo, Suriname - In an interview at the recent Suriname Energy Oil & Gas Summit, Ileana Ferber, Chief Executive Officer and founder of Colibri Business Development urged the South American nation to balance local content development alongside the growth...

Texas-based Noble Corporation is set to acquire fellow rig owner Diamond Offshore in a merger deal, creating a U.S. offshore drilling powerhouse with a fleet of 41 rigs and a combined backlog of US$6.5 billion.  Noble said it will acquire...

Omni Helicopters Guyana Initiative (OHGI), touted as Guyana’s leading air mobility solutions provider for the offshore sector, has selected its first two Guyanese citizens, Somant Heeralal and Yadram Ramcharran, to participate in its Ab-Initio flight program.  Announced in a June...

ExxonMobil and its contractors grew their spend on Guyanese suppliers by an average of 80% annually, its 2023 Annual Report revealed. Spend grew from US$23 million in 2017 to US$641 million in 2023. Recent growth in spend picked up, particularly...