News

Stena Drilling has made a groundbreaking achievement with its DrillMax rig, completing an unprecedented 17 back-to-back holes in the deepwaters offshore Guyana. This remarkable feat marks the largest number of back-to-back top holes ever drilled by a Stena Drilling...

MODEC announced the inaugural steel-cutting ceremony for the Guyana-bound Errea Wittu floating production, storage and offloading vessel (FPSO) in China, on November 16. The firm secured its initial order to supply an FPSO to Guyana in May 2023, commissioned...

Eco Atlantic Oil & Gas Ltd. has garnered approval from Guyana’s Minister of Natural Resources for its acquisition of a 60% interest in the Orinduik block from Tullow Oil. This development stems from an agreement made in August between...

Sheriff Group of Companies is on the cusp of a partnership, it says, that is set to redefine construction and development in Guyana. Teaming up with ARCPLUS GROUP (INT’L) CO., LIMITED, and East China Architectural Design and Research Institute...

Local content spend is estimated at US$720 million in 2023, reflecting the capabilities of the private sector and adherence to the Local Content Act, legislated at the end of 2021. Dr. Martin Pertab, Director of the Local Content Secretariat,...

“Abhorrent and illegal” were the terms used by Venezuela’s Vice President Delcy Rodriguez to describe Guyana's move to approach the International Court of Justice (ICJ) to seek measures that would block its planned referendum.  That very referendum seeks to gather...

SBM Offshore has once again delivered and put into operation another floating production storage and offloading (FPSO) vessel offshore Guyana ahead of funding schedule and at industry-leading pace. The Prosperity FPSO began oil production at the ExxonMobil-operated Stabroek Block...

Negotiations with the winners of Guyana's first bid round are set to begin next week, according to the country's Minister of Natural Resources, Vickram Bharrat. Bharrat said the government has officially notified the awardees of the eight blocks. "We have...

Guyana’s Ministry of Natural Resources has affirmed that the Payara project will bring substantial benefits to the people of Guyana. This development is a major advancement of ExxonMobil’s output ramp-up strategy for the South American country. “Commencement of production at...

A four-member parliamentary delegation from Canada arrived in Guyana on November 14, commencing a five-day visit aimed at fortifying and deepening the diplomatic relations between the two nations. The visit was facilitated through the Commonwealth Parliamentary Association (CPA).  Led by...