News

Guyana's Vice President Bharrat Jagdeo said ExxonMobil has communicated to the government its prioritization of gas development. “Exxon has said, ‘we have moved this up to a priority now.’ We now have a company that is interested in moving it...

The Caribbean Court of Justice (CCJ) dismissed an appeal filed by Guyanese citizen Ramon Gaskin challenging a local judgment that determined the Stabroek Block partners did not require separate licenses to operate offshore.  Gaskin’s initial application sought to quash the...

Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart Young is confident the country’s gas deals are secure no matter the outcome of elections in Venezuela and the U.S.  Concerns were raised in TT’s parliament on the uncertainty of...

In his strongest rebuke yet, Guyana's Vice President, Bharrat Jagdeo has expressed strong distaste with CGX Energy's handling of their contractual obligations for the Corentyne Block. “Let me make it clear, CGX will not play the Government of Guyana” was...

The Guyana government has reaffirmed its commitment to full transparency as plans advance on a landmark gas development project.  “The Government of Guyana has every intention of advancing, in the most transparent manner possible, the development of the infrastructure needed...

CGX Energy and Frontera Energy have announced a bid to hold on to the Corentyne Block, just days before a deadline that could see them relinquish the acreage if government approval is not secured. “The Joint Venture has submitted a...

CNOOC Petroleum Guyana Limited (CPGL) is set to lease a complex for office and residential use in support of its activities in Guyana for 20 years.  This move is part of CPGL's expansion in the region, which began with its...

DOF Group has been awarded two significant long-term contracts by Petrobras. These include a major contract for the pipelay support vessel (PLSV) Skandi Niterói and a very large contract for the anchor handling support vessel (AHTS) Skandi Botafogo. The Brazilian-built...

Chinese shipyard Shanghai Waigaoqiao Shipbuilding (SWS) has launched the Jaguar Floating Production Storage and Offloading vessel (FPSO) being constructed for ExxonMobil’s Whiptail development.  SWS announced on Friday that the vessel, a Multipurpose Floater 5 (MPF5), was launched and is on track...

Goldman Sachs has appointed John Hess to its board of directors, as reported by the Financial Times. This announcement comes as Goldman Sachs advises Hess' company on its $53 billion acquisition by Chevron. Hess will leave his roles at Hess...