News

Guyana's Natural Resource Fund closed the first quarter of 2024 with US$2.36 billion (approximately GY$492 billion), according to a March report from the Bank of Guyana. The Fund’s overall balance, in March, registered a negligible shift from the US$2.36 billion...

SBM Offshore's subsidiary, Guyana Deepwater Operations Incorporated (GDO), is seeking a supplier to provide flights between Guyana and Suriname to connect crew members with KLM International flights to Amsterdam, Netherlands. The scope of service outlines key areas including the provision...

The Guyana government estimates a ruling by the International Court of Justice (ICJ) could come by the end of 2025, in the case concerning the Arbitral Award of 3 October 1899 (Guyana v. Venezuela).  “The timeline… with Venezuela fully participating...

Switzerland advocated for orders of the International Court of Justice (ICJ) to be respected, during a special April 9 meeting of the United Nations Security Council (UNSC) on the Guyana/Venezuela territorial controversy. According to the official X account (formerly Twitter)...

The forthcoming Local Content Summit, slated for April 16, 2024, at the Pegasus Suites and Corporate Centre, is gearing up to be a watershed event in the discourse advancing Guyanese participation in the oil and gas sector. Under the...

Trinidad-focused energy company Touchstone Exploration reported average net sales volumes of 7,015 barrels of oil-equivalent per day (boe/d) in the first quarter of 2024.  It said Cascadura contributed average net sales volumes of 5,389 boe/d. This consists of net natural...

Energy behemoth BP informed investors on Tuesday that its oil and gas production likely surged in the first three months of this year, even as prices for these commodities experienced a downturn. The oil major disclosed that production is projected...

Guyana’s Ministry of Natural Resources and CNOOC Petroleum Guyana Limited are looking for the next cohort of students to take advantage of scholarship opportunities to study Geoscience and Petroleum Engineering in China.  According to a Ministry notice, the scholarships are...

Petrobras has struck oil in a well located in Brazil’s Potiguar Basin, during a campaign it embarked on in earnest to repeat exploration successes off the coasts of Guyana and Suriname. Announcing the find in an April 9 release,...

Heritage Petroleum Company Limited has unveiled its latest offshore oil well, S-938. Situated within the Soldado East Field, the said S-938 well is poised to make a substantial contribution to the company’s revenue with an expected average daily rate of...