News

With the direction Guyana is headed, women who want to make a mark in the country’s burgeoning oil and gas industry need to position themselves aptly. This advice was offered to a local non-governmental organisation – Women in Energy...

Maersk Drilling’s Viking vessel was branded Shell’s 2021 ‘Global Rig of the Year in the Floater Category’ for its outstanding performance in all aspects during its time in Brunei Darussalam, the company said. Shell’s award was presented after the Viking managed an all-around excellent...

A Vice News documentary episode, long anticipated by citizens of South America’s newest oil producing nation, Guyana, was finally released on Sunday, titled ‘Guyana for Sale’. It was so anticipated because, in February, the country’s Vice President, Dr. Bharrat Jagdeo,...

RelyON Nutec (MD), an offshore safety consultancy headquartered in Copenhagen, has decided to expand its presence in the region through a strategic partnership with the Guyanese-owned Atlantic Marine Supplies Incorporated. NL says it is the world's leading safety service...

As efforts continue with the implementation of the Guyana Utility Scale Solar Photovoltaic Programme (GUYSOL), the country is poised for a transformational leap towards decarbonisation, says the Inter-American Development Bank (IDB). The financial institution noted on Friday that the GUYSOL programme will...

As negotiations continue between the Guyana Government and ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) regarding the contractual terms to govern the Gas-to-Energy project, both parties have so far agreed that there will be no cost for...

Eco (Atlantic) Oil and Gas Ltd. Announced on Tuesday that it decided against acquiring JHI Associates, a company with 17.5% ownership of Guyana’s Canje Block. Eco said that while all the main commercial points were agreed upon in keeping with...

Proven oil reserves are those that have a reasonable certainty of being recoverable under existing economic conditions with existing technology. The new oil producing South American country of Guyana now has around 11 billion barrels of oil equivalent. These resources...

Guyana’s Vice President Dr. Bharrat Jagdeo says the government is mulling court action against international firms which are trying to circumvent local content laws. “A lot of foreign companies are trying to beat the law,” the Vice President highlighted during...

(S&P Global Platts) Petrobras will raise wholesale diesel and gasoline prices, effective June 18, in the latest increase under the company's controversial import-parity pricing policy and the first adjustment since Brazil's Congress passed several measures aimed at reducing fuel...