News

Guyana’s Minister of Natural Resources Vickram Bharrat recently announced that Bayphase, an international oil and gas consultancy firm, is reviewing ExxonMobil's Field Development Plan (FDP) and Environmental Impact Assessment (EIA) for its sixth Stabroek block development.  Bharrat said that the...

Guyana's Vice President Bharrat Jagdeo is making it clear that the government does not promote nor condone xenophobia, as claimed by Venezuelan Vice President, Delcy Rodriguez, at a recent hearing of the International Court of Justice (ICJ). Jagdeo related...

ExxonMobil Guyana Limited (EMGL) is gearing up to engage suppliers for the provision of another set of onshore and offshore services as part of its operations in the Stabroek license area. According to public requests for information (RFIs), the company...

Trinidad-based Touchstone Exploration is celebrating success with its Cascadura project, evident from the company's third-quarter results released on November 14. The impact of Cascadura's initial output on both production profile and operating cash flows has been substantial, as highlighted...

Stena Drilling has made a groundbreaking achievement with its DrillMax rig, completing an unprecedented 17 back-to-back holes in the deepwaters offshore Guyana. This remarkable feat marks the largest number of back-to-back top holes ever drilled by a Stena Drilling...

MODEC announced the inaugural steel-cutting ceremony for the Guyana-bound Errea Wittu floating production, storage and offloading vessel (FPSO) in China, on November 16. The firm secured its initial order to supply an FPSO to Guyana in May 2023, commissioned...

Eco Atlantic Oil & Gas Ltd. has garnered approval from Guyana’s Minister of Natural Resources for its acquisition of a 60% interest in the Orinduik block from Tullow Oil. This development stems from an agreement made in August between...

Sheriff Group of Companies is on the cusp of a partnership, it says, that is set to redefine construction and development in Guyana. Teaming up with ARCPLUS GROUP (INT’L) CO., LIMITED, and East China Architectural Design and Research Institute...

Local content spend is estimated at US$720 million in 2023, reflecting the capabilities of the private sector and adherence to the Local Content Act, legislated at the end of 2021. Dr. Martin Pertab, Director of the Local Content Secretariat,...

“Abhorrent and illegal” were the terms used by Venezuela’s Vice President Delcy Rodriguez to describe Guyana's move to approach the International Court of Justice (ICJ) to seek measures that would block its planned referendum.  That very referendum seeks to gather...