News

Italian engineering firm Saipem has been granted a Limited Notice to Proceed (LNTP) from ExxonMobil Guyana Limited for subsea structures, umbilicals, risers, and flowlines (SURF) work at the proposed Hammerhead oil field development in the Stabroek Block.  The project site...

Venezuela’s opposition has criticized the late President Hugo Chávez for abandoning the country’s territorial claim to Guyana’s Essequibo region.  “Hugo Chávez irresponsibly abandoned the active reclamation of the Essequibo for purely political reasons,” Edmundo González Urrutia, “President-Elect” of Venezuela and...

Americas Market Intelligence (AMI) has once again placed Guyana in a category of its own, labeling it as “great” in its 2025 economic forecast for Latin America and the Caribbean.  The ranking underscores Guyana’s exceptional economic expansion, driven by its...

Guyana and Brazil will continue to play a dominant role in Latin America’s oil production growth by 2030, according to Norway-based energy research and business intelligence firm, Rystad Energy.  The region is set to add over four million barrels per...

Guyana on Monday received seven bids for the second phase of its landmark Gas-to-Energy project, which includes the design, construction, and operation of a 300-megawatt (MW) combined cycle power plant and a natural gas liquids (NGL) facility with a...

The 2025 Local Content Summit aims to equip local businesses with the tools, knowledge, and partnerships needed to thrive in the oil and gas sector. Hosted under the theme ‘Collaborate. Invest. Build. Shaping Guyana’s Future Together’, the event will...

MODEC has partnered with STEMGuyana to support its Learning Pods initiative, ensuring continued access to after-school education in Math, Science, English, and Technology for children in underserved communities. MODEC has pledged GYD$2,788,041 to fund the program in 2025. This support...

China’s state-owned offshore oil and gas producer CNOOC Ltd. said on Thursday (March 27) that its overseas production surged by 10.8% in 2024, driven in part by the commissioning of new projects, including the Payara development in Guyana. In its...

The proposed tariffs on ships built in China may negatively impact Guyana and the Caribbean, a concern frequently raised with Marco Rubio, Secretary of State of the United States, during his visits to the region last week. During a joint...

bp Trinidad and Tobago (bpTT) made the final investment decision (FID) on the ginger gas development and confirmed a gas discovery at its Frangipani exploration well. The company announced on March 27 that Ginger will be its fourth subsea project...