News

Guyana’s Ministry of Natural Resources published the final model contracts to be awarded to winners of its first offshore licensing, on Jan. 26.  The contracts are expected to be applied to eight blocks - two deep water and five shallow...

The U.S. government has announced a temporary halt on new gas export projects pending a thorough evaluation of their economic and environmental implications. The decision, outlined in a statement by President Joe Biden on Jan. 26, is aimed at...

Tullow Oil released a statement ahead of its 2023 full year results, highlighting its operational and financial performance in 2023 and outlining its outlook for 2024. During 2023, Tullow achieved a full-year working interest production average of approximately 63,000 barrels...

Since its first flight on Jan. 1, 2023 - six weeks ahead of schedule, OMNI Helicopters Guyana Incorporated (OHGI) has built a resilient team with 60 Guyanese in its employ.  Hitting the one-year existence mark, OHGI boasted of conducting 2,300...

Guyana's Vice President Bharrat Jagdeo said his country has to have a relationship with Venezuela beyond the Essequibo border controversy, and that this is being pursued through the Argyle Declaration. His remarks, made during a Jan. 25 media conference,...

The Centre for Local Business Development (CLBD), through the support of the Greater Guyana Initiative (GGI), plays a critical role in helping Guyanese companies understand and access increasing opportunities in the oil and gas industry, while improving their overall...

LNDCH4 Guyana, the joint venture between CH4 and Lindsayca, has kickstarted a hiring drive in Guyana as it gears up for the construction of an integrated facility as part of Guyana’s Gas-to-Energy project. This facility, a cornerstone of Guyana's...

Dutch floater specialist SBM Offshore announced on Wednesday the departure of its Chief Executive Officer (CEO) and Chair of the Management Board, Bruno Chabas, who has held the portfolio for 12 years. The company said Chabas decided not to...

Head of Malaysia’s Petronas, Zamri Baseri, is quoted by Reuters as saying the company needs to speak to Staatsolie - Suriname's state oil company - about the commercial models that can be used to make a project at block...

Guyana’s Minister of Foreign Affairs and International Cooperation, Hugh Todd, is leading a team to Brazil today to meet with his Venezuelan counterpart Yván Gil. The meeting is taking place within the framework of the Argyle Declaration in which...