News

Brazilian state-led oil company Petrobras plans to drill two wells in the sensitive Foz do Amazonas Basin in an attempt to replicate the massive offshore discoveries made in neighboring Guyana and Suriname, but still needs to win permits from...

In keeping with requirements that Guyana signed onto with the Extractive Industries Transparency Initiative (EITI), the country’s Natural Resources Ministry had issued Requests for Proposals (RFPs) for two projects. The first seeks a consultant to conduct a comprehensive Guyana (GYEITI)...

The Georgetown Chamber of Commerce and Industry (GCCI) along with the Barbados Chamber of Commerce and Industry (BCCI) and the Suriname Trade and Industry Association (STIA) on Friday signed a Memorandum of Understanding (MoU) aimed at enhancing trade linkages...

Local and international employees of development company DAI donated 70 hampers consisting of food and hygiene products to the Civil Defence Commission (CDC) in Guyana on Friday. The products, such as rice, sugar, hand soap, sanitary napkins and other...

There is no letting up in South America's hottest new oil and gas basin where demand for FPSOs is growing as more hydrocarbons are found off the coast, adding to the multi-billion-barrel resources already discovered. Take a brief by the...

S&P Global Platts, a leading independent provider of information, benchmark prices, and analytics for the energy and commodities markets, said Thursday the prospects are low for the United States easing crippling sanctions on Venezuela, once one of South America’s...

The Guyana Oil and Gas Energy Chamber (GOGEC) is urging Guyanese to “quickly adjust and learn fast” about the oil and gas sector so that they can maximise benefits from the growing opportunities in the South American country. “Before 2015,...

A German envoy has commended Guyana’s President, Dr. Mohamed Irfaan Ali for government’s efforts to balance the growth of the oil and gas sector with its low carbon development strategy. This is according to a statement from the Office...

(Reuters) - Preferred shares in Brazil's Petrobras jumped almost 10% on Thursday, after the state-controlled oil company smashed second-quarter margin estimates and announced 31.6 billion reais ($6.15 billion) in extraordinary dividend payments. Petroleo Brasileiro SA, as the company is formally...

Noble Corporation said this week contract drilling services revenue for the second quarter of 2021 totaled $200 million compared to $159 million in the combined first quarter of this year. In April, the Noble Sam Croft began its contract in Guyana,...