News

The Vreed-en-Hoop Shore Base Inc. (VEHSI) is accommodating the largest cargo ship to dock in the Demerara River, the MV Virtuous Striker, marking a milestone in the development of Guyana's port and shipping facilities.  The shore base, spreading over 44...

bp said in a November 6 release that it successfully started production from the Seagull oil and gas field in the United Kingdom (UK) North Sea. It said Seagull has been developed by Neptune Energy as a subsea tieback to...

ExxonMobil has been racking up discoveries in Guyana’s Stabroek block after hitting the 11 billion-barrel of oil equivalent mark. But this has not yet resulted in an upward revision of the resource estimate.  “We continue to integrate those results - both...

Vice President Dr. Bharrat Jagdeo clarified during a November 2 media conference that Hess Guyana Exploration Limited, a subsidiary of Hess International, still controls the 30% working interest in the Stabroek block, where 11 billion barrels of oil equivalent...

TotalEnergies has signed an amendment to extend its partnership with Oman LNG, an Omani liquefied natural gas (LNG) joint venture in which the company holds a 5.54% stake.  The Oman LNG liquefaction complex, which is on the northeast coast of...

The absence of major American companies operating in Guyana could create a vacuum that would allow for other players, such as Chinese-backed enterprises, to fill the gap. So says six-time Emmy Award-winning TV producer, Arick Wierson, in a November...

Guyana’s head of state, Dr. Irfaan Ali recently appealed to the regional private sector to form a consortium capable of devising a proposal for the African Export-Import Bank (Afreximbank) that addresses failures in the regional transport system. The Guyanese...

Guyana has narrowed down the list of potential partners for its crude marketing contract, selecting three contenders from a pool of 25 bidders. The country's Vice President, Dr. Bharrat Jagdeo, provided insights into the ongoing selection process and the...

Italian supermajor Eni S.p.a, in partnership with Ratio Energies and Dana Petroleum, was recently awarded six licenses to explore for gas offshore Israel. According to Israel’s Ministry of Energy and Infrastructure, the trio won six licenses for blocks in Zone...

Deodat Indar, who serves as Minister within the Ministry of Public Works in Guyana, is set to address members of the Georgetown Chamber of Commerce and Industry (GCCI) on the operations of the Guyana Power and Light (GPL). The...