News

Guyana to seek early interactions with Brazil’s Lula

Come January next year, Guyana will be dispatching new bilateral requests to Brazil’s new President-elect Luiz Inácio Lula da Silva as it looks to foster closer relations through the creation of a deepwater harbour connecting the two countries. Guyana’s President,...

Tullow in new Ivory Coast PSC

Tullow Oil said it signed a Production Sharing Contract (PSC) for offshore exploration licence CI-803 in Côte d’Ivoire. Tullow will operate the licence with 90% equity. The remaining 10% is held by PetroCi. CI-803 covers an area of 1,345 square kilometres...

Guyana High Court throws out EPA waiver of impact study to Schlumberger

Guyana’s Supreme Court on Friday quashed a decision by the Environmental Protection Agency (EPA) to waive an Environmental Impact Assessment (EIA) during the authorisation process for the construction and operation of a source storage and calibration building facility at...

Project to develop up to 76 wells will push Guyana’s output above 1 million bpd milestone

ExxonMobil Guyana is seeking Environmental Authorisation for a proposed fifth deep water petroleum development project in the eastern portion of the Stabroek Block offshore the South American country, in the Uaru, Mako and Snoek Fields. The project, which will consist...

Hess ranks high on two Dow Jones Sustainability Indices

US oil producer, Hess Corporation, has announced that it has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the 13th consecutive year. This is the first time that Hess has been included in...

CNOOC partners with POWERCHINA to provide Guyanese community with solar lighting

CNOOC Petroleum Guyana Limited (CPGL) said it recently donated a complete solar lighting community system to Moraikobai, the only indigenous village in Region Five (Mahaica-Berbice), Guyana. In all, 130 lights were given to the community along with eight flood lights...

JVs could remove stumbling blocks for Guyanese companies bidding for offshore acreage

Guyana’s first offshore bid round has been launched and as oil majors set their sights on the prime blocks up for grabs, Guyanese companies have been encouraged to team up and also, cash in on the action. But there are...

Guard stabbed, another relieved of weapon as intruder storms Presidential compound in Guyana

A security officer posted at Guyana’s State House, the official residence of the First Family, was stabbed and another relieved of his weapon by an intruder who opened fire at what should be one of the most secure buildings in...

Intense bilateral talks ongoing to resuscitate Amaila Falls project – Pres. Ali

Months after a contract for the construction of the Amaila Falls Hydropower Project (AFHP) collapsed, the government is working on reopening tenders. This is according to President Dr. Mohamed Irfaan Ali. “We’re doing assessments now. We have quite a lot...

With tightening gas supply, Trinidad turns to solar for energy mix

With electricity rates among the lowest in the region, making Trinidad a coveted investment destination, it has been difficult to see incentives to decarbonise the nation’s energy with alacrity. Gas has been powering this success for years. But as gas supply...

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Exxon won’t recover investment in Guyana pipeline until first gas – Routledge

Guyana’s repayment for the US$1 billion invested in the Gas-to-Energy project does not start until it is commissioned. ExxonMobil...