News

Considering their efforts at marrying environmental protection with accelerated production, ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), along with its partners, have clearly satisfied the government’s request for stellar operational performance in the Stabroek Block. This much was...

Capricorn Energy’s intended £1.4 billion all-share merger with Tullow Oil seems to be on a shaky path as its Chief Executive Officer (CEO) Simon Thomson recently hinted that the company is considering new investors. His comments have emerged amid shareholders’ calls for the board to pull out of the...

Career diplomat, Nicole D. Theriot is President Joe Biden’s nominee for the United States (US) Ambassador to Guyana position, a release from the White House said. According to the White House, Theriot, a career member of the Senior Foreign Service with...

Nine firms from Trinidad & Tobago, Canada, the United States, and India have submitted bids in response to the government’s request for consultancy services for the supervision of the Guyana Integrated natural gas liquids (NGL) Plant and 300MW Power...

Guyana’s President Dr. Mohamed Irfaan Ali told reporters Wednesday the nation has agreed with Suriname to have a high-level meeting within two weeks to address fishing woes experienced near the border. Ali said he is pleased with the response from...

The rapid expansion of Guyana’s oil and gas industry is also propelling growth in its mining and construction sectors. In this regard, the country’s Ministry of Finance outlined in its 2022 Half-Year report that the mining and quarrying industries are estimated...

Aiteo Group – one of Nigeria’s latest energy conglomerates has signaled its interest in Guyana’s booming oil and gas sector, particularly in onshore exploration and development. Its Chief Executive Officer (CEO) and Founder, Benedict Peters led a delegation of investors...

Though Guyana’s oil sector is projected to account for nearly 60% of Gross Domestic Product (GDP) for 2022, the government’s intent to have an economy built on a diversified stream of revenues is bearing fruit. According to the Ministry...

The Joe Douglas Jack Up rig has returned to Trinidad and Tobago for bp Trinidad and Tobago’s (bpTT) new round of drilling next month. According to bp, the drilling rig arrived in Trinidad on 30 August 2022 at Chaguaramas, headed to its Mango drilling site – situated...

Guyana’s Central Bank reported in its monthly financial statement for the Natural Resource Fund (NRF) that deposits have now ballooned to a whopping US$949,949,037.75. or GY$198,064,374,000. At the end of August, no royalties were collected. There were also no withdrawals....