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Parliamentary Mace “nothing more than a relic” – High Court Judge as case challenging oil fund law thrown out

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Guyana High Court Judge Navindra Singh on June 19 dismissed the case challenging the legality of the country’s oil fund law.  The case, filed by opposition Chief Whip Christopher Jones and Trade Unionist Norris Witter, stood on the claim that...
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FPSO Sepetiba embarks on journey to boost Brazil’s offshore oil production

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China's BOMESC shipyard bid farewell to the FPSO Sepetiba on June 16 marking a significant milestone for SBM Offshore, one of the world's leading providers of floating production, storage, and offloading (FPSO) units.  The vessel embarked on its journey to...
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Exxon has invested in Guyana, the equivalent to the Central Bank’s total assets

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Top officials at ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL) have confirmed that its asset base as of December 2022 stood at GY$2.3 trillion (almost US$11 billion).  EEPGL’s Vice President and Business Service Manager, Phillip Rietema was keen...
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Latin America’s oil and gas production set for 25% surge by 2028

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New projections by the International Energy Agency (IEA) see Latin America’s oil production increasing by 25% by 2028. Guyana and Brazil are among those leading this growth.  “Oil-producing countries outside the OPEC+ alliance dominate plans for increasing global supply capacity...
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Premature to say whether Guyana will need to take Venezuela controversy to UN Security Council – Jagdeo 

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Career diplomat, Dr. Riyad Insanally, sees Guyana’s recent election to sit on the United Nations Security Council, for the period 2024-2025, as a helpful addition to the repertoire of avenues that can be tapped by the government in its...
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The energy transition era still in full swing or waning?

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The energy transition talks came in hot but there appears to be a shift; majors are backpedaling on prior commitments to cut back on oil production.  bp was the first, and now Shell Corporation is moving in the same direction.  The...
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Post-drilling analysis advances prospectivity evaluation in Canje, Kaieteur blocks offshore Guyana

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Exploration efforts in the Canje and Kaieteur Blocks offshore are continuing, according to ExxonMobil Guyana, which said that experts are diligently examining the post-drill results to gain deeper insights into the oil and gas potential outside of the Stabroek...
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Eni hires Baker Hughes for Ivory Coast subsea project

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Baker Hughes has been awarded a major contract by Eni and its partner Petroci for the Baleine Phase 2 project in Ivory Coast, Africa’s first Scope 1 and 2 net-zero emissions development. This award includes eight deep water trees, three...
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Guyana postpones offshore licensing round

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Guyana's Vice President Dr. Bharrat Jagdeo has announced a one-month postponement of the country's offshore licensing round beyond the July 15 bid submission deadline. The delay is to facilitate a review of Guyana's oil and gas regulatory framework. The...
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Centre for Local Business Development shortlists 35 for ElevateAll weekend business bootcamp

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The Centre for Local Business Development has announced the shortlisting of 35 entrepreneurs for its highly anticipated ElevateAll Weekend Business Bootcamp. This selection marks the beginning of Phase One of the programme, aimed at empowering local business owners, operators,...
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Suriname’s GranMorgu offshore oil project is 23% complete 

PARAMARIBO, SURINAME – On Tuesday, October 21, representatives from TotalEnergies and Staatsolie met with President Jennifer Geerlings-Simons to report...

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