News

As the need for an energy transition becomes increasingly apparent, a paradoxical trend has emerged. Several developed countries, including the United States, United Kingdom, and Norway, are expanding their petroleum exploration and production activities, raising concerns about hypocrisy, as...

Civil Society Activist and Head of Transparency Institute Guyana Inc. (TIGI), Frederick Collins filed an objection on May 11 in Guyana's Appellate Court against an appeal by the Environmental Protection Agency (EPA). His objection is intended to block the EPA's...

ExxonMobil Corporation’s Senior Vice President & Chief Financial Officer (CFO), Kathy Mikells recently disclosed that the American multinational is deploying its best technologies and project management capabilities to grow Guyana’s unique assets at an industry leading pace. Speaking to shareholders...

Dutch contractor, SBM Offshore’s full-year guidance remains on track after good performance in the first quarter of 2023.  Its report released on May 11, noted that the company has upped its Lease and Operate revenue to US$453 million - a...

Vice President Dr. Bharrat Jagdeo explained on May 11 that the cover in place for Guyana in case of a spill amounts to some US$16.6 billion.  This follows a statement from the Environmental Protection Agency (EPA) which said negotiations with...

MODEC has signed a Sales and Purchase Agreement (SPA) with Equinor Brasil Energia Ltd, a subsidiary of Equinor ASA, to provide a fully electrified Floating Production, Storage and Offloading (FPSO) vessel for the Pao de Acucar, Seat & Gavea...

Guyana’s Environmental Protection Agency (EPA) has come out in defense of its decision to appeal a Supreme Court ruling related to the provision of financial assurance from ExxonMobil in the unlikely event of an oil spill due to Stabroek...

CGX Energy had to relinquish the Demerara Block because it couldn’t find the funds to do its work. It turns out that CGX Energy was taken to arbitration for funds owed to Prospector PTE Ltd., a company it had...

The Guyana government is facing criticisms of its management of the oil sector, including accusations of anti-nationalism, hot on the heels of an upset judgment by the Supreme Court. Justice Sandil Kissoon said ExxonMobil affiliate, Esso Exploration and Production...

Demerara Integrated Logistics Inc. has delivered a second vessel to support ExxonMobil’s operations offshore Guyana - this time, for the Gas-to-Energy (GtE) project.  The latest vessel to be delivered - Knockout P - a DP2 platform supply vessel (PSV) will...