News

Staatsolie eyes operatorship in Suriname’s shallow water blocks

Staatsolie – Suriname’s state oil company – has its eyes set on becoming an operator in that nation’s shallow water blocks, according to its strategic goals 2022 through 2026. In its updated 2021 year-end report, Staatsolie’s Vice President – Offshore,...

Guyana institutes mandatory 45-day payment period, amid complaints of long wait

Payment periods are now limited in Guyana as its government on Friday issued an ultimatum to all contractors and sub-contractors operating in its oil and gas industry to institute a 45-day payment period. According to Guyana’s Local Content Secretariat (LCS),...

JOB FAIR! VEHSI recruiting Region Three residents for shore base project

Vreed-en-Hoop Shore Base Incorporated (VEHSI) is looking to provide employment to residents of Region Three, where the company is developing a shore base facility.  On Saturday, September 10, VEHSI is hosting a job fair to assess the hiring pool...

Stabroek partners pairing industry-leading production with environmental protection – Hess

Considering their efforts at marrying environmental protection with accelerated production, ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), along with its partners, have clearly satisfied the government’s request for stellar operational performance in the Stabroek Block. This much was...

Capricorn investors skeptical of merger deal with Tullow

Capricorn Energy’s intended £1.4 billion all-share merger with Tullow Oil seems to be on a shaky path as its Chief Executive Officer (CEO) Simon Thomson recently hinted that the company is considering new investors. His comments have emerged amid shareholders’ calls for the board to pull out of the...

Biden taps Nicole Theriot as new US Ambassador for Guyana

Career diplomat, Nicole D. Theriot is President Joe Biden’s nominee for the United States (US) Ambassador to Guyana position, a release from the White House said. According to the White House, Theriot, a career member of the Senior Foreign Service with...

9 bidders vie to supervise Guyana’s Gas-to-Energy project

Nine firms from Trinidad & Tobago, Canada, the United States, and India have submitted bids in response to the government’s request for consultancy services for the supervision of the Guyana Integrated natural gas liquids (NGL) Plant and 300MW Power...

Guyana, Suriname schedule high-level meeting to address fishing woes – Ali

Guyana’s President Dr. Mohamed Irfaan Ali told reporters Wednesday the nation has agreed with Suriname to have a high-level meeting within two weeks to address fishing woes experienced near the border. Ali said he is pleased with the response from...

Accelerated oil development pushing growth in tourism, mining, construction sectors – Report

The rapid expansion of Guyana’s oil and gas industry is also propelling growth in its mining and construction sectors. In this regard, the country’s Ministry of Finance outlined in its 2022 Half-Year report that the mining and quarrying industries are estimated...

Nigerian energy conglomerate eyes onshore oil exploration in Guyana

Aiteo Group – one of Nigeria’s latest energy conglomerates has signaled its interest in Guyana’s booming oil and gas sector, particularly in onshore exploration and development. Its Chief Executive Officer (CEO) and Founder, Benedict Peters led a delegation of investors...

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Fact Sheet: Guyana’s Capping Stack

Guyana’s capping stack is a critical offshore oil spill response asset designed to rapidly contain a subsea well blowout,...