News

As Brazil gears for the October 30 runoff vote, leftist Luiz Inácio Lula da Silva currently holds a four-point lead against his opponent, incumbent President Jair Bolsonaro, recent polls show. Lula’s PT party held 49% of voting intentions, while Bolsonaro...

Though the international market was hard hit by unforeseen challenges in recent months, CNOOC Limited said it was still able to achieve “better-than-expected” results at half year. It credited this performance to management’s strategic investments in key assets based...

ExxonMobil’s Guyana projects, Liza Phases 1 and 2, produced 10.989 million barrels of crude for the month of September 2022. This averaged approximately 366,310 barrels of crude per day (bpd). In comparison, the total August production was 11.309 million barrels...

The Guyana government has worked to transform the maritime sector to ensure it is prepared to operate in a modern economy. To this end, Public Works Minister, Bishop Juan Edghill, said multi-million-dollar investments have been made to monitor the...

Local oil and gas consulting company – Excel Guyana – has expanded its portfolio with a new Marine and Offshore Services Division to be headed by Steve Sinanan, considered a veteran in the industry. This new addition, according to Excel’s...

DOF Subsea has been awarded a NOK$2.7 billion (US$256.1 million) contract by ExxonMobil to execute works in Guyana’s offshore Stabroek Block where 11 billion barrels of oil-equivalent have already been discovered. DOF Subsea said the contract will last three years...

By the end of this year, the Guyana Energy Agency (GEA) is expected to complete installations, adding up to 757 kilowatts (kW) of solar capacity in hinterland communities. The project forms part of the government’s aggressive push to expand renewable...

Phoenix Development Company and Suriname’s Port Management Company, N.V. Havenbeheer, have teamed up to build a mega Deep-Water Port and Special Economic Zone – Port of Nickerie – in Suriname, with projected investment of approximately US$5.4 billion. With several oil...

Head of the Local Content Secretariat, Martin Pertab, by way of an affidavit filed in court, revealed that the review of an application by Ramps Logistics Guyana for a Local Content Certificate has been halted. Pertab said this decision is...

CGX Resources Inc.’s Wei-1 well is expected to be spud later this month when the Noble Discoverer semi-submersible drilling rig arrives in Guyana on October 22. After the completion of a merger of Noble Corp. and Maersk Drilling on October...