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OAS Sec. General slams Venezuela for “intimidatory tactics” with recent statement on Guyana’s bid round 

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Secretary General of the Organization of American States (OAS) Luis Almagro has criticized Venezuela for what he deems are “intimidatory tactics” after the Spanish nation condemned Guyana’s recent bid round.  Hours after Venezuela’s communique, Almagro took to Twitter and said:...
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Construction, manufacturing and services propelling non-oil growth surge in Guyana

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The Government of Guyana has adjusted its growth forecast for 2023, elevating it from 25.1 percent to 28.2 percent. This revision, evident when comparing the administration’s mid-year report with the 2023 National Budget, is attributed to the robust performance...
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Seismic giants TGS & PGS merge to create powerhouse geophysical company worth US$863.74 million

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Two seismic industry leaders, TGS and PGS, have embarked on a merger, valued at US$863.74 million, in a bid to establish a more potent and diversified geophysical entity. The union aims to harness technology and innovation to revolutionize the...
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Touchstone Exploration quickly hits target production rate at Cascadura

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Touchstone Exploration Inc. has successfully reached its target production rate at the Cascadura project within a week of the project coming online. The company announced that it achieved its forecasted Cascadura gross natural gas production rate of 60 million...
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Guyana reaffirms right to pursue investment in its territory, as Venezuela objects to bid round

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President of Guyana, Dr. Mohamed Irfaan Ali, is staunchly reaffirming Guyana’s right to pursue economic activities within its territory, after a recent statement by the Bolivarian Republic of Venezuela condemning Guyana's offshore licensing round. In the official release, Venezuela stated:...
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Guyana plans to publish draft gas strategy for consultations in two weeks – Jagdeo

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Guyana's Vice President, Dr. Bharrat Jagdeo, announced during a recent press conference that the country is set to release a draft of its gas strategy within the next two weeks for public consultation. This comes as part of the...
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SBM Offshore and Mitsubishi Heavy Industries unveil CO2 capture solution

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SBM Offshore and Mitsubishi Heavy Industries Ltd. (MHI) have unveiled a significant stride toward reducing greenhouse gas emissions from floating production, storage and offloading vessels (FPSO). They announced a Partnership Agreement that aims to provide a carbon dioxide (CO2)...
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Lone bidder poised to conduct Guyana skills audit

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Ontario-based Dunn, Pierre Barnett & Company Canada Ltd has stepped forward in response to Guyana's Ministry of Education's call for technical and financial proposals to conduct a national skills audit for the South American nation.  A bid from the firm...
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DOF secures US$260 million worth of service contracts with Petrobras

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Norwegian offshore support vessel firm DOF announced on Sept. 18 that it has won three new service contracts with the Brazilian oil giant, Petrobras. The contracts were awarded to DOF through a competitive bidding process and encompass services within...
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Guyana carefully monitoring impacts of oil spending amid development push – VP Jagdeo assures

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While Guyanese authorities can be commended for aggressively channeling a portion of its oil revenues to public infrastructure and social welfare development, the International Monetary Fund (IMF) has recommended that there be periodic reviews of such expenditure. The financial...
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Guyana’s Uaru and Whiptail projects on track for 2026 to 2027 start-up – Routledge

Alistair Routledge,  President of ExxonMobil Guyana says the company’s fifth and sixth developments — Uaru and Whiptail — are...

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