News

As Guyana looks to monetize its gas resources, now estimated to be around 17 trillion cubic feet, the government has released a “discussion paper” for citizens to review and provide input. This will form the basis for finalization of...

President of Guyana, Dr. Mohamed Irfaan Ali, announced Monday, October 30, that a local content development fund will be established as a means of helping businesses to find start-up capital to compete in industries, such as the oil and...

The International Court of Justice, otherwise called the World Court, has scheduled public hearings for Tuesday, November 14, 2023, at the Peace Palace in The Hague, the seat of the Court.  The overarching case under contention is the question of...

In dialogue at the AfriCaribbean Trade and Investment Forum held in Georgetown, Guyana, NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), urged Guyana to fully produce its hydrocarbon resources. The context of his comment was a...

Guyana’s Vice President, Bharrat Jagdeo has made it clear that the country will refrain from responding to the aggressive posturing of top Venezuelan government officials.  “We are not going to be responding on a daily basis to jingoism…the belligerent language...

As TotalEnergies prepares for its inaugural offshore development venture in Suriname, the competition intensifies between SBM Offshore and MODEC to secure the contract for the project's 200,000 barrels-per-day production vessel. In anticipation of the bidding process, both contractors have initiated...

Petronas Suriname has announced a major oil discovery at the Roystonea-1 exploration well in block 52.  The successful drilling, carried out in an offshore location about 185 kilometers from the coast and at a water depth of 904 meters, has...

The Georgetown Chamber of Commerce and Industry (GCCI) has voiced its profound disappointment regarding ongoing power outages in Guyana. In a November 2 release, the GCCI stated that "this continued spate of power disruptions is having an acute impact...

ExxonMobil Guyana president, Alistair Routledge, has made it clear that the company's reputation is intimately linked to the impact of its large oil projects in Guyana. "We feel our name is now tied to whether this is a success...

Local suppliers once again have an opportunity to provide a wide range of services to SBM Offshore Guyana, as the company prepares to bring its third oil production vessel online in the South American country. In its search for these services,...