News

The University of Guyana (UG) marked a milestone as 31 faculty members, who pursued their PhDs and EdDs, graduated in December 2023. This accomplishment is a result of the Advanced Scholars Programme, initiated in the 2018/2019 academic year and...

Guyana's Natural Resource Fund (NRF) received a substantial sum of US$1.6 billion in royalties and profit oil revenues for the year 2023, as reported by Senior Minister with responsibility for Finance and the Public Service, Dr. Ashni Singh. This...

Guyana’s Ministry of Foreign Affairs and International Cooperation said Minister Hugh Todd had a telephone call with his Cypriot counterpart, during which, “unwavering support” was expressed to Guyana in the border controversy with Venezuela.  Dr. Constantinos Kombos, Minister of Foreign...

Westwood anticipates 2024 oil and gas-related engineering, procurement and construction (EPC) contract value will rebound to close at approximately US$76 billion, a 77% increase compared to 2023. This will be driven by the demand for approximately 324 subsea trees, 22...

Bp has announced the appointment of Murray Auchincloss as Chief Executive Officer (CEO) with immediate effect, following a thorough and competitive four-month search process. Auchincloss, who has been serving as interim CEO since September 2023 after the resignation of...

“Hopelessly misguided” is what Vice President Bharrat Jagdeo called Elizabeth Deane-Hughes, Vanda Radzik, and international lawyer Melinda Janki for their attempt to block funding for Guyana’s Gas-to-Energy project from the U.S. EXIM Bank.  Janki reportedly wrote a letter to the...

The National Gas Company of Trinidad and Tobago Limited (NGC) announced in a Jan. 18 release that Mark Loquan will not be renewing his contract with the company. His term as Director on the NGC Board and its affiliates...

Equinor was awarded 39 new production licenses by Norway’s Ministry of Energy. The licenses, distributed across the North Sea, Norwegian Sea, and Barents Sea, position Equinor as the operator in 14 of these licenses and a partner in 25...

Plans are underway to commence the audit of Stabroek block expenses incurred by ExxonMobil, Hess and CNOOC for the period 2020-2023, said Vice President Bharrat Jagdeo.  “We are … going out to tender soon for the audit up to the...

ABB has been awarded a contract by Offshore Frontier Solutions Pte Ltd to provide a comprehensive electrical system and digital solutions for ExxonMobil's Errea Wittu floating production, storage and offloading (FPSO) vessel. Offshore Fronter Solutions is a joint venture...