News

The Greater Guyana Initiative (GGI), in partnership with the Ministry of Education, Council for Technical and Vocational Education Training (C-TVET), and LearnCorp International, has launched Phase II of its technical and vocational training program across Guyana.  Building upon the success...

G-Port, a joint venture (JV) between the Lousiana-based Edison Chouest and John Fernandes, now boasts a workforce that is 100% Guyanese.  That update was provided by Edison Chouest’s Business Development Officer, Daniel Lafont speaking exclusively to OilNOW on March 14....

Venezuela and Trinidad and Tobago are in talks for cross-border development of the Manakin-Cocuina gas field, according to updates from PDVSA and the Energy Chamber of Trinidad and Tobago. Manakin, on the Trinidad side, is in the bpTT-operated Block...

ExxonMobil Guyana said it made a discovery at the Bluefin well in the Stabroek Block offshore Guyana, its first this year. The Bluefin well encountered approximately 197 feet (60 meters) of hydrocarbon-bearing sandstone and was drilled by the Stena Drillmax...

New Hayven Merchant Bank has facilitated a US$25 million financing facility for Vreed-en-Hoop Shorebase Inc. (VEHSI).  Collaborating closely with an external financial entity, New Hayven Merchant Bank said it led the structuring and deployment of the arrangement, tailored specifically to...

SBM Offshore and Technip Energies have announced their collaboration through the signing of a Memorandum of Understanding to establish a new joint venture entity named EkWiL. The venture aims to be a leading player in the floating offshore wind...

Guyana's Ministry of Finance said the government has transferred US$250 million (approximately GY$52 billion) from the Natural Resource Fund (NRF) to its main bank account, the Consolidated Fund.  The National Assembly had approved US$1.586 billion (approx. GY$330 billion) to be...

Guyana’s National Procurement and Tender Administration Board (NPTAB) recorded three bids for the provision of consulting services to verify Stabroek Block expenses. Specifically, the services include a cost recovery audit and validation of the Government of Guyana’s profit oil...

CGX Energy and its Corentyne Block partner, Frontera Energy, have less than four months remaining on their appraisal program for the 994 km2 license area. The appraisal program was approved for a period of 24 months from June 29, 2022...

Abu Dhabi National Oil Company (ADNOC) is preparing to make a final investment decision later this year for the Ruwais liquefied natural gas (LNG) project, the first LNG export facility in the Middle East and North Africa region to...