News

Guyana, the fastest growing economy in the world, is currently experiencing unprecedented growth and interest from investors across the world as a result of an oil boom that is giving it a competitive edge over many of its neighbours. Government’s...

ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), has issued three Requests for Information (RFIs) seeking to identify suppliers who can provide customs brokerage, cargo management and inbound transportation services. Importantly, the Local Content legislation calls for high levels of Guyanese participation...

For the first half of 2022, ExxonMobil Guyana and its contractors spent over US$127 million (GY$26.5 billion) on Guyanese suppliers The Stabroek Block operator has also confirmed with OilNOW that since announcing the first commercial discovery in 2015, over US$700 million was...

The Guyana Oil and Gas Energy Chamber (GOGEC) said it has successfully completed coaching over 1,000 students on the role they can play in the future development of the nation's oil resources. The last leg of training was hosted on Friday...

Guyana has asked the International Court of Justice (ICJ) to reject Venezuela’s preliminary objections in the ongoing border controversy case as they are “legally unsupportable” and “entirely without foundation.” Venezuela, in its late submission on Thursday, argued that the United...

Eco (Atlantic) Oil & Gas said Friday that the Gazania-1 exploration well on Block 2B, offshore South Africa, reached target depth of 2,360 metres (m), but did not show evidence of commercial hydrocarbons. The well will be plugged and abandoned....

The government of Trinidad and Tobago is expected to issue a decision on the lone four bids it got from its recent deepwater oil block auction which saw 17 blocks up for grabs. Energy Minister, Stuart Young, recently made the disclosure. Young told...

Ramps Logistics Guyana Chief Executive Officer (CEO), Shaun Rampersad has confirmed that following his company’s receipt of a Local Content Certificate, it was able to secure an extension of its contract with ExxonMobil affiliate, Esso Exploration and Production Guyana Limited...

New partnerships are expected to be built from a successful trade mission by a 30-member private sector team out of Louisiana. Said to be the largest US trade mission in Guyana, it was organised by the US Embassy and...

The Private Sector Commission (PSC) on Thursday hosted a forum to solicit feedback from its members on the strengths and weaknesses of the Local Act of Guyana, which is poised for its first periodic review. The event was held at...