News

SBM Offshore and Solstad Offshore have formed a joint venture to develop a next-generation multi-purpose deepwater installation and construction vessel, with delivery targeted for the first half of 2029. The companies announced on June 1 that the joint venture has...

Guyana's government said it expects the International Court of Justice (ICJ) to issue a final ruling as early as November in its territory case with Venezuela over the Essequibo region. In a statement on Friday, the government said the case...

Indian energy companies are seeking to deepen their presence in Venezuela as bilateral energy ties strengthen, following a sharp rise in crude imports from the South American producer, according to a June 5 Reuters report. India’s Oil Minister Hardeep Singh...

Guyanese suppliers seeking work with tier one oil and gas companies must meet strict safety, compliance, quality, and reliability standards, Baker Hughes Caribbean Area Director Jon Rhodes said. Rhodes made the comments at the fourth annual Local Content Summit 2026....

MODEC and Eld Energy have signed a memorandum of understanding (MOU) to develop a low-emission 1.2-megawatt power system integrated with carbon capture for future floating production, storage and offloading (FPSO) applications, according to a June 4 release. The system is...

Women-owned businesses need stronger support systems, better access to information, and greater collaboration opportunities if they are to fully benefit from Guyana’s expanding oil and gas sector, according to former President of the Women's Chamber of Commerce and Industry...

Guyana’s Finance Minister Dr. Ashni Singh says ExxonMobil and its tier one contractors have raised expectations for how Guyanese businesses deliver goods and services, particularly in the oil and gas sector. Speaking at the Private Sector Commission (PSC) Annual General...

An opportunity is now available for Guyanese businesses to provide offshore material-handling equipment services to Noble Corporation, which is seeking vendors to support its operations in Guyana. According to a Request for Information (RFI) published on June 3 through the...

The Georgetown Chamber of Commerce and Industry will host a Business Breakfast Seminar on June 19, 2026, to help micro, small, and medium-sized enterprises (MSME) prepare for opportunities expected through the Development Bank of Guyana. The event will run from...

Natural Resources Minister Vickram Bharrat says foreign and private investment remains essential to Guyana’s oil and gas development, noting that the Local Content Act was never intended to exclude international investors from participating in the sector.  Speaking at the Local...