News

The Liza Unity FPSO which has been awarded the SUSTAIN-1 notation by leading Classification Society American Bureau of Shipping (ABS) is now in alignment with key elements of the United Nations’ Sustainable Development Goals (SDGs). “The SUSTAIN-1 notation demonstrates the vessel’s alignment with...

Guyana’s Vice President, Dr. Bharrat Jagdeo is in neighbouring Suriname for a three-day visit, accompanied by Minister of Natural Resources, Vickram Bharrat. Dr. Jagdeo met President of Suriname, Chandrikapersad Santokhi, Ambassador Albert Ramdin, Minister of Foreign Affairs, International Business and...

Guyana’s President, Dr. Mohamed Irfaan Ali plans to formally notify heads of government in the region about the accord made between the Government of Venezuela and its opposition last week in Mexico City. He told the media on Sunday that he...

The Georgetown Chamber of Commerce and Industry (GCCI) said Monday it is pleased to announce its partnership with the Guyana Oil & Gas Energy Chamber (GOGEC) as an organizing partner for the upcoming Guyana Energy Conference & Exhibition (GEC-X). The...

In what is being described as a significant milestone in the development of the local supply chain, Italian oilfield service company Saipem has utilized a Guyanese workforce for the assembly, testing, coating, and loading of massive subsea jumpers for...

The American Association of Petroleum Geologists’ (AAPG) Latin America and Caribbean Region will be staging the 2021 "Caribbean Technical Symposium and E&P Summit: Recent Activity and Exploration Opportunities" on September 14-15. The 2-day virtual event combines two of the AAPG...

Two international oil and gas players in Venezuela, TotalEnergies and Equinor, recently divested their respective 30.32% and 9.67% interest in the largest project, Petrocedeno, to the state-owned Petróleos de Venezuela S.A (PDVSA) company. According to GlobalData, this means that...

(Reuters) - Oil rose on Monday, supported by concerns over shut output in the United States, the world's biggest producer, following damage from Hurricane Ida, while analysts expected a stable market in coming months. Brent crude rose 62 cents, or...

According to Guyana’s second Extractive Industries Transparency Initiative (EITI) Report, extractive companies declared adjusted social contributions in cash totalling $604,140,735. ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), operator of the Stabroek Block, accounted for 90 percent of...

Trinidad and Tobago is expected to contribute around 25% or 820 million cubic feet per day (mmcfd) of the Americas natural gas production in 2025 from planned and announced projects (new build projects, excluding the US L48), according to...