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Petrobras adds two massive new oil platforms to rising offshore fleet

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Brazil’s offshore fleet of floating oil platforms has grown by two as Japanese contractor MODEC announced that the ‘Almirante Barroso MV32’ has arrived on Brazilian shores while the Anita Garibaldi is en route. The first vessel arrived on October 5...
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Regional cooperation vital to Guyana’s success with oil – Petroleum Expert

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Given Guyana’s proximity to other oil and gas players like Suriname and Trinidad and Tobago, regional cooperation with these nations would certainly aid its ambition for energy sufficiency and safety, says Iman Hill, Chief Executive Officer (CEO) of the International...
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Guyana’s Natural Resource Fund Account breaks US$1 billion mark

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With roughly three months left in 2022, Guyana’s Natural Resource Fund (NRF) account has already broken the US$1 billion mark. According to the Bank of Guyana (BoG), the balance of the account at the end of September 2022 stood...
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Guyana’s largest shore base facility secures major loan for massive expansion plan

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Guyana’s largest oil and gas port facility, Guyana Shore Base Inc. (GYSBI) has secured a US$10 million bridge loan from NCB Merchant Bank out of Trinidad and Tobago. With the bridge loan in hand, GYSBI now has the greenlight to...
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75 women to be trained as solar panel technicians for major installation programme – Hamilton

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As Guyana forges ahead with its low carbon development initiatives, the country is looking to train 75 women in Region Seven (Cuyuni – Mazaruni) and Region Nine (Upper Takatu – Upper Essequibo) to become solar panel technicians for a...
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Weak political institutions can fast-track resource curse, corruption and inflation – energy expert warns

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With debate raging on about economic loopholes that could allow for the infiltration of the dreaded resource curse, there is a political risk that also requires careful attention. According to Dr. Lorraine Sobers, a Fulbright Scholar currently lecturing at the University of the West Indies,...
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Trinidad concludes nomination period for shallow water bid round

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Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI) concluded the nomination period for its shallow water competitive bid round, Tuesday. Nominations ran for six weeks from August 30, 2022. Interested parties were allowed to nominate for any number of...
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Touchstone starts up production at first onshore gas project in T&T in over 20 years

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Touchstone Exploration Inc. announced on Tuesday that the Coho facility has safely delivered first natural gas, representing the first onshore natural gas project to come onstream in Trinidad and Tobago in over twenty years. The Coho area is located...
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Non-traditional approach to financing needed in Caribbean’s biggest oil producing nation

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As development in Guyana continues to expand, industry stakeholders are encouraging the nation’s policy drivers and the private sector to tackle the country’s steep learning curve. To address this, Angus Young – Executive Vice President – Regional Investment Banking and...
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Creating a Diaspora ministry, allowing immigration from CARICOM could serve Guyana well – IMF

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The International Monetary Fund (IMF) has urged Guyana to urgently review its migration laws as well as find other creative means of attracting expertise from the Guyanese Diaspora to help develop its oil sector. With the low base in education...
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SBM Offshore’s ONE GUYANA FPSO boosts performance as Exxon eyes early purchase

SBM Offshore has reported another strong quarter, underscoring the success of its Guyana operations as its ONE GUYANA floating...

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