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Guyana uses forest conservation funds to extend land titles for indigenous people

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Following years of work, the North Rupununi village of Yupukari and its residents now benefit from a land extension of 145 square miles – three times the original size of the village. Minister of Amerindian Affairs Pauline Sukhai, along with...
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Halliburton, Aker BP to create first-of-its-kind software for field development

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Halliburton has teamed up with Norwegian oil company Aker BP to see the development and subsequent introduction of next-generation field development planning software – a new cloud application called Field Development Planning (FDP). “We are excited to extend our close collaboration...
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Expect pushback in Trinidad, says Rowley, as leaders move to quash trade barriers

Kemol King -
Following on the heels of an announcement that Caribbean Community (CARICOM) leaders are moving to have intra-regional trade barriers removed, Trinidad and Tobago Prime Minister Dr. Keith Rowley said his government has committed not to let artificial phytosanitary barriers...
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Exxon’s latest discoveries driving ‘massive’ accumulation at Stabroek Block

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ExxonMobil’s announcement of three new discoveries at the Stabroek Block offshore Guyana in April is driving a massive accumulation of hydrocarbon resources offshore the South American country. Hess Corporation, a 30% stakeholder in the Stabroek Block, said this latest success...
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Driller with most rigs offshore Guyana gets extension with advancement of Yellowtail

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ExxonMobil’s sanctioning of Yellowtail - its biggest project to date offshore Guyana - has seen the extension of four Noble drillships through to 2025. US$10B Yellowtail Project set to unleash a tsunami of economic benefits On April 1 this year, the...
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Drill campaign at Zanderij-1 offshore Suriname planned for third quarter

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Planning is underway for an exploration campaign to be conducted at the Zanderij-1 prospect located at Block 42 offshore Suriname. The well, targeting both Campanian and Santonian aged reservoirs, will be spudded around the third quarter of this year. As...
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New top 10 global oil producer to form in June when BHP, Woodside close merger

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Shareholders of the Australian Woodside Petroleum voted to move forward with a merger with the BHP’s Petroleum business, BHP said in a note. Woodside said 98.66% of the votes submitted favoured the merged. “All conditions precedent necessary to implement the Merger...
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City Chamber welcomes Rowley’s commitment to remove trade barriers

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The Georgetown Chamber of Commerce and Industry (GCCI) has endorsed the Government of Guyana’s signing of a Memorandum of Understanding (MoU) with Trinidad and Tobago, following a public commitment to address the twin-island nation’s trade barriers against Guyana. In...
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No need for Guyana, Trinidad to be at each other’s throats about local content laws – Rowley

Kemol King -
Prime Minister of Trinidad and Tobago, Dr. Keith Rowley said there is no need for his government and Guyana’s to be at each other’s throats about Guyana’s new local content laws. “What the government of Trinidad and Tobago tried to...
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New South American oil star arrived in the year prices collapsed

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The price of oil fell to its lowest level in 11 years in 2015 as commodity markets responded to signs that the global glut of oil would have deepen the following year. While oil ministers from Qatar and Iraq...
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Noble launches pre-qualification for offshore scaffolding services in Guyana

Noble Finance Company, an affiliate of Noble Corporation, has issued a Request for Information (RFI) to pre-qualify companies capable...

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