News

Representatives from Guyana and India engaged in discussions this week to deepen bilateral relations in several sectors, namely oil, trade, and food security. These talks, held in Georgetown, marked the fourth round of Foreign Office Consultations between the two. India was represented...

The Corentyne Block co-venturers, CGX Energy and Frontera Energy, insisted Thursday that their license is in good standing with the government of Guyana. This defense of the license came as news circulated that Guyana’s new model production sharing agreement (PSA) would include safeguards...

Delays and infractions by oil companies in fulfilling their commitments to the Guyana government can cost the country dearly. Vice President Dr. Bharrat Jagdeo has said that if companies sit on a block for three years without doing the...

iNet Communications has unveiled a new satellite targeting improved connectivity for offshore operations spanning Guyana and the wider Caribbean Region. Chief Executive Officer (CEO), George Melville shared with OilNOW recently that iNet partnered with Eutelsat S.A. – a French satellite...

A Canadian trade mission with interests in energy, infrastructure, and procurement is seeking critical partnerships with Guyanese. Canada’s High Commissioner to Guyana, Mark Berman made this revelation during a reception held Monday for the visiting team from Newfoundland and Labrador province. He said several companies are...

BP Trinidad and Tobago LLC (bpTT) has confirmed that its Cassia C development has safely delivered first gas. The project is expected to produce, at peak, about 200-300 million standard cubic feet a day of gas. Production will go towards...

Vallourec announced Wednesday that it secured a major line-pipe order for ExxonMobil Guyana’s Uaru project. The Uaru project will be situated in the Stabroek Block, a 26,800 km2 strategic acreage located off Guyana’s continental shelf. The development is targeting approximately 1.3 billion oil-equivalent barrels, the largest project expected offshore...

Amarinth, a world-leading, net-zero designer and manufacturer of low lifecycle cost centrifugal pumps and associated equipment, has won a further order from VWS Westgarth for two titanium API 610 OH2 pumps for use aboard the FPSO One Guyana which...

Global research group, Wood Mackenzie, said last week that Guyana is the most significant new entrant to the global oil industry. It noted that the country will be producing one million barrels of oil equivalent per day (boe/d) within the...

Canadian High Commissioner to Guyana, Mark Berman, has confirmed that companies from his homeland are interested in sharing their expertise for Guyana to realise its landmark Amaila Falls Hydropower Project (AFHP). Berman said these interests have been channelled through the Canadian Commercial...