News

Guyana's Vice President, Dr. Bharrat Jagdeo, says government will be looking to establish an independent mechanism for monitoring ExxonMobil’s oil production. During a September 21 press conference, Dr. Jagdeo stated, "The next steps are to go to tender, a...

A consortium comprising BP and Shell has inked an agreement with Trinidad and Tobago, greenlighting the exploration of three deepwater blocks—25a, 25b, and 27—for hydrocarbon production. Trinidad and Tobago's Minister of Energy, Stuart Young, confirmed that the cabinet has approved...

Offshore installation and construction services provider McDermott has been awarded a significant transportation and installation contract by PRIO (formerly PetroRio) for the Wahoo field, located offshore Brazil. The undisclosed-value contract entails the transportation and installation of approximately 19 miles (30...

Guyana’s government has expressed deep concern over the recent decision by the Venezuelan National Assembly to conduct a referendum regarding Venezuela's claim to Guyana's territory of Essequibo. It views this move as having the potential to escalate tensions between...

Brazil’s National Petroleum Agency (ANP) has announced the upcoming offshore Brazil bid round dates. As per the proposed schedule, the ANP has set December 13, 2023, for the second round involving pre-salt acreage and the fourth round encompassing both...

The mere fact that ExxonMobil threw its bid in the ring for Guyana’s first offshore licensing round governed by more stringent fiscal terms speaks to the potential of South America’s hottest prospect. That point was offered by the Managing Director...

bp Trinidad and Tobago (bpTT) has announced the successful completion of its Trinidad Offshore Pipeline Replacement (TOPR) project, as part of the company's ongoing efforts to enhance its infrastructure.  The TOPR project involved the installation of a 96-kilometre, 12-inch pipeline,...

The Centre for Local Business Development celebrated the completion of its inaugural cohort from the ElevateAll - Manufacturing edition, with a September 23 ceremony and Expo Day at the Pegasus Corporate Suites, Kingston, Georgetown. ElevateAll extended a golden opportunity...

In a significant show of solidarity, the Commonwealth Ministerial Group on Guyana met in New York on September 17, 2023, to address the ongoing territorial dispute between Guyana and Venezuela. Convened by the Commonwealth Secretary-General, Patricia Scotland KC, the...

Rystad Energy’s Managing Director for Latin America, Schreiner Parker believes Venezuela’s recent grandstanding will have no effect on confidence in Guyana’s bid round. The analyst is the latest to add his voice to the Bolivarian Republic’s aggressive posture to...