News

Hess Corporation on October 25 indicated, in a Q3 earnings report, that the purchase process for the Liza Unity floating production, storage and offloading (FPSO) unit has begun.  The FPSO is currently producing approximately 250,000 barrels of oil per day...

Saipem, the Italian energy services group, is making significant strides in its recovery efforts. The company is nearing the completion of troublesome projects that prompted a capital raise last year, according to the chief executive officer, Alessandro Puliti. He...

Anil Nandlall, attorney General and minister of legal affairs of Guyana, has called upon the Inter-Parliamentary Union (IPU) to condemn Venezuela’s actions and demand that it respects the legal process of the International Court of Justice (ICJ). He made...

Sispro Inc. - the lone Guyanese bidder in the country’s first auction has been awarded two blocks, Vice President Bharrat Jagdeo announced at apress conference on Thursday.   Sispro copped S3 and D2 blocks. Out of the 14 bids made...

Luis Almagro, secretary general of the Organization of American States (OAS), took to social media platform X on October 25 to express his unequivocal support for a statement released by the Caribbean Community (CARICOM) concerning Venezuela's planned Essequibo referendum.  "We...

Market Insider reports that Warren Buffett, the sixth richest man in the world, is set to gain indirect exposure to Guyana, the world's fastest-growing economy and an emerging oil superpower, by way of Chevron’s acquisition of Hess Corporation, announced...

By next year, the Guyana Technical Training College Incorporated (GTTCI) will commence operations, as the first half is slated for completion this quarter. This is according to ExxonMobil Guyana President, Alistair Routledge.  “...we will see, by the beginning of next...

The Georgetown Chamber of Commerce and Industry (GCCI) and the Guyana Manufacturing and Services Association (GMSA) have applauded recent talks between the Guyana government and the opposition, led by President Irfaan Ali and the Leader of the Opposition, Aubrey...

Seaway7, part of the Subsea7 Group, confirmed on October 24, the award of a substantial contract by Equinor and Polenergia for the inter-array cables of the MFW Bałtyk II and MFW Bałtyk III bottom-fixed offshore wind projects, in the Polish...

Grave concerns have been expressed by the Caribbean Community (CARICOM) on Venezuela’s decision to conduct a national referendum defending its claim to two-thirds of Guyana’s territory.   CARICOM said that two of the five questions approved to be posed in the...