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US$3.6 billion part of commitment expected for Payara development this year, approval expected soon – Rystad Energy

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Global oil and gas project sanctioning is set to recover and exceed pre-Covid-19 levels from 2022, with Guyana playing a key role in pushing the industry back to gains for projects set to be approved this year, according to...
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Suriname oil discoveries estimated at 1.4 billion barrels – Rystad Energy

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Norway-based independent energy research and business intelligence company, Rystad Energy, says the three discoveries made offshore Suriname to date are estimated to contain combined oil equivalent resources of almost 1.4 billion barrels. Maka Central-1 and Sapakara West-1 were the first two...
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First Guyanese security firm attains ISO certification, looking to tap into O&G opportunities

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Through the assistance of the Center for Local Business Development (CLBD), another Guyanese firm - MMC Security Force Company - has been able to attain ISO (International Organization for Standardization) 9001:2015 certification. The company says this will better position...
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Liza 1 & 2 ‘will provide low cost energy for years to come’ – Hess CEO

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Even as governments and international oil companies pursue efforts to reduce carbon emissions on a global scale in the move towards renewable sources of energy, the Liza Phase 1 and 2 developments offshore Guyana are expected to remain highly...
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Bharrat outlines more measures for managing Guyana oil resources

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Guyana’s Minister of Natural Resources, Vickram Bharrat, has outlined a number of new policy directions for the extractive sectors including oil and gas aimed at strengthening technical capacities of the agencies that manage the new sector.   During a budget...
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Oil workers flee as third storm in month aims for U.S. offshore fields

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(Reuters) - Royal Dutch Shell halted some oil production and began evacuating workers from a U.S. Gulf of Mexico platform, the company said on Friday, as a new tropical storm flared. Beta, the 23rd named storm of the Atlantic hurricane...
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U.S, Guyana Working Group on energy and investments to be formed

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Following the signing of a Memorandum of Understanding (MoU) between U.S Secretary of State, Michael Pompeo and Guyana’s President, Dr. Mohamed Irfaan Ali, on energy and infrastructure finance and market building cooperation, a Working Group comprising representatives from the...
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“We don’t apply political pressure connected to our commercial enterprises” – US Secretary of State

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U.S. Secretary of State, Michael R. Pompeo says that the United States does not exert political pressure on countries to further the interest of American businesses operating in their territory. In an interview on Guyana’s state television channel, Pompeo said that...
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Pompeo visit affirms Guyana’s importance to the US – Kevin Ramnarine

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Former Minister of Energy and Energy Affairs of Trinidad and Tobago Kevin Ramnarine believes United States Secretary of State Michael Pompeo’s visit to Guyana indicates that the Caribbean country is becoming more valuable to the world leading economic power. Guyana...
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We did not discuss Exxon; Guyana President says of meetings with Secretary Pompeo

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During his meeting with U.S. Secretary of State, Michael R. Pompeo, Guyana’s President, Dr. Mohamed Irfaan Ali, said that he did not engage in any discussion surrounding ExxonMobil. The President said that as it relates to Guyana’s oil and gas sector,...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

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