News

International accounting firm opens shop in South America’s newest O&G hotspot

Binder Dijker Otte, an international network of public accounting, tax, consulting and business advisory firms which perform professional services under the name of BDO, has announced the opening of its office in Guyana, the newest oil producing country on the...

Survival mode: Maduro gives up decades of control over oil

After decades of dominating its oil industry, the Venezuelan government is quietly surrendering control to foreign companies in a desperate bid to keep the economy afloat and hold on to power, reports the New York Times. The opening is a startling...

Who’s Who – Guyana’s premier business directory launches second edition

The second edition of the Who’s Who in Guyana Business directory was officially launched on Saturday in Georgetown, the capital city of the new South American oil producing nation. Speaking at the launch, British High Commissioner to Guyana, Greg Quinn, said...

Sol Group is now official distributor for Mobil lubricants

The SOL Group announced on Friday that it has been officially appointed as an authorized distributor for Mobil lubricants in 12 of its 22 markets. These markets include Anguilla, Barbados, Bermuda, British Virgin Islands, Cayman Islands, Dominica, Grenada, Guyana, St...

Frontera hits pay in Colombia as Guyana drill campaign nears

Frontera Energy Corporation on Thursday announced a successful discovery in Colombia in the Lower Magdalena Valley, striking a combination of light oil and natural gas. The company said it looks forward to further successes in Colombia, Ecuador and Guyana. Richard...

BHP to explore for petroleum offshore Barbados

Barbados’ Ministry of Energy and Water Resources has issued effective offshore exploration licences for the Carlisle Bay and Bimshire blocks to BHP, said the island’s Government Information Service. The news bulletin issued on Wednesday, quoted Minister of Energy and Water...

Tullow cutting jobs after poor Africa and Guyana results

(Bloomberg) - Tullow Oil will reduce its headcount in Kenya by about 40% as part of a company-wide restructuring following poor performances at its Africa and Guyana operations. About 35 workers will become redundant, Tullow Kenya Managing Director Martin Mbogo...

Hamley Case now chairing ABIS Energy (Guyana) Inc.

In January 2020 Mr Hamley Case, former Guyana High Commissioner to the UK, Non-Resident Ambassador to France and to Russia, joined the Board of ABIS Energy (Guyana) Inc., a consultancy and investment firm with a focus on oil and...

Halliburton advertises more positions to support Guyana operations

As oilfield services and drilling technology giant Halliburton continues to increase its workforce for its Guyana operations, it has advertised for a number of technical positions including accountant, mechanic/technician, demand planner and forklift driver. The vacancies were published online by...

ICJ to begin public hearings in South American oil producing neighbours’ border case

The International Court of Justice (ICJ), the principal judicial organ of the United Nations, said Thursday it will hold public hearings in the case concerning the Arbitral Award of October 3, 1899 (Guyana v. Venezuela), from Monday 23 to...

Latest News

Strict enforcement of local content law crucial for Guyana’s Success – Nestoil CEO

Chairman and Chief Executive Officer of Nestoil Group, Dr, Ernest Azudialu-Obiejesi, has urged the Guyanese government to learn from...