News

The Centre for Local Business Development (CLDB) hosted an event at the Pegasus Hotel on Saturday, commemorating the completion of the second cohort of its entrepreneurship program – Accelerate-Her. Accelerate-Her is a professional development initiative for women entrepreneurs. It aims to...

Playing up its extensive forest cover, the Guyana government says the country is already at net zero status. And with ExxonMobil announcing plans to ramp up production offshore, regulators will be keeping tabs on how Stabroek Block operations impact...

Pan American Energy (PAE), the second-biggest oil producer and fourth for natural gas in Argentina, is in talks with its partners in a cross-border pipeline to Uruguay to extend the system to supply gas to Brazil. According to a...

The Economic Commission for Latin America and the Caribbean’s (ECLAC) latest report lists Venezuela as the only other country behind Guyana with a high projected gross domestic product (GDP) rate for 2022. According to ECLAC, Venezuela is set to experience a...

Shell and ExxonMobil, joint venture partners in Aera Energy, have decided to sell the company to IKAV, an asset management firm based in Germany. ExxonMobil Corporation disclosed Thursday that its affiliates have signed an agreement to sell all of its...

Guyana's landmark Local Content Policy became law last December and almost nine months down the line, its impact is being felt throughout the country's booming oil and gas sector. 3T EnerMech's massive OPITO Training Centre of Excellence at Lusignan, East...

Despite criticism about the fiscal terms of the Production Sharing Agreement (PSA) between Guyana and ExxonMobil, the deal has paved the way for rapid development of the vast hydrocarbon resources found off the country’s coast. Following the announcement of massive...

From 2022 through 2027, Suriname’s state oil company, Staatsolie, plans to expend an estimated US$1.5 billion as part of its Investment Program, the bulk of which will be for participation in offshore development. In its updated Strategic Roadmap, Staatsolie noted too that the...

KOTUG International B.V. said Thursday that it closed a deal to acquire SEAWAYS INTERNATIONAL (Seaways), a company that provides offshore support vessels for its clients. “The acquisition of Seaways brings together the assets, expertise and people of two leading companies...

Noble Corps.’ acquisition of Maersk Drilling has been given the greenlight after the United Kingdom Competition and Markets Authority (CMA) accepted the undertakings provided by Noble to resolve issues that could have resulted from the merger. The CMA had noted...