News

Hess Corporation, one of the co-venturers on the prolific Stabroek block, announced last week that it will close 2021 spending on its Guyana development at US$750M. Going into 2022, Hess’ Executive Vice President and Chief Financial Officer John Rielly said that...

Gaico Construction, one of the leading local firms servicing the oil and gas sector, is already positioning itself to take advantage of the revenue-making opportunities to flow from the US$900M gas-to-energy project. By 2023, the company is poised to...

By the third quarter of 2022, the Government of Guyana is looking to auction some of its prime oil blocks to international oil companies (IOC). Announcing this news was the country’s Vice President Dr. Bharrat Jagdeo when he addressed...

ExxonMobil is moving ahead with the search for more hydrocarbons offshore Guyana where it has already found approximately 10 billion barrels of oil equivalent resources since making its first world-class discovery in 2015 at the Liza field. The Noble Don...

China Railway Group Limited is set to construct the Amaila Falls Hydropower Project (AFHP) in Guyana after being granted a “no objection” by Cabinet. This was disclosed by Guyana’s Ministry of Finance on Monday evening. The ministry noted that China...

A high-level Ghanaian team comprising Deputy Minister of Energy, Mohammed Amin Adam; Chief Executive Officer (CEO) of the Petroleum Commission, Egbert Faibille; CEO of the Ghana National Petroleum Company (GNPC), Kofi Koduah Sarpong; along with other technical personnel arrived...

Guyana’s Vice President, Dr. Bharrat Jagdeo told reporters on Monday that the government has targeted a 70% reduction in emissions associated with electricity generation by 2027. Initially, the Government will be aiming to reach 50% reduction by 2025. “We’d be...

(CNBC) Some of the world’s largest polluters were under the spotlight at the COP26 summit Monday, as countries outlined their commitments on climate change. India’s prime minister, Narendra Modi, pledged to reach net-zero carbon emissions by 2070, a date two...

Guyana’s President Dr. Irfaan Ali staunchly believes that if oil and gas is the bedrock of today’s global economy, then rich and diverse ecosystems ought to be its future. Considering this view, the Head of State during a recent press conference underscored the...

Eco Atlantic Oil and Gas Limited, one of the joint venture partners on the Orinduik Block offshore Guyana, disclosed to the market on Monday in an Operational Update and Notice of AGM, that work is still progressing on target...