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Guyana’s Opposition Leader, Bharrat Jagdeo said on Thursday that the People’s Progressive Party Civic (PPP/C) is in favour of targeted cash payouts to Guyanese from revenue the country is set to earn from oil production. Mr. Jagdeo however cautioned...

As the mainstay industry withers, thieves take equipment, materials and the liquid itself (Bloomberg) The men step out of the van and act fast. As one stands guard, the others approach an oil pump and remove filler plugs. They drain...

With close to 30 billion dollars spent in Guyana on the procurement of goods and services since 2015, ExxonMobil says it has a tripartite approach to local content and sees its application as one that benefits both the company...

(S&P Global Platts) Brazilian state-led oil company Petrobras completed the sale of onshore oil fields in the Potiguar Basin and put several exploration blocks in the Reconcavo Basin up for sale as the company continued to shed onshore assets...

The body of another crew member from the Bourbon Rhode supply vessel that sunk on September 26 while en route to Guyana, has been recovered. The company said on Wednesday that the body of the fourth seafarer was discovered Tuesday...

Equinor, on behalf of the Njord licence, has awarded Saipem a subsea service contract using a wireless underwater intervention drone and an ROV. This contract will make Equinor the first user of technology expected to be completed in 2020. “This is...

With the discovery of large quantities of oil off its coast, the South American country of Guyana began preparations for becoming the newest oil producing nation in the region which saw the construction of its first oil production complex...

CGX Energy and its partner FEC have entered discussions with the University of Guyana (UG) and Trent University on a programme to address major deficits in training and research in the South American country, related to the development of...

Bourbon said on Tuesday it mourns the death of two other crew members of the Bourbon Rhode vessel that sunk in the Atlantic Ocean after encountering a hurricane while en route to Guyana. “The bodies of our two mariners were...

Adopting a different format geared towards maximising interaction with the public, ExxonMobil Guyana staged an ‘open house’ on its proposed 220,000 barrels per day Payara project on Monday, September 30 at the Pegasus Hotel in the country’s capital, Georgetown. The...