News

US oil major ExxonMobil announced its first world class discovery in May 2015 at the Liza field offshore Guyana. The well encountered more than 295 feet (90 meters) of high-quality oil-bearing sandstone reservoirs and was safely drilled to 17,825...

Ocean Yield has agreed to sell its 75% equity in the SBM Installer diving support and construction vessel owned by OS Installer Limited which is a joint venture owned 75% by Ocean Yield and 25% by SBM Holding Inc...

Guyanese economist Bobby Gossai Jr says with the level of investment being made in Guyana’s oil and gas sector and the country becoming the newest oil producer in the region, it is no longer a “small country” but is...

Draft local content legislation should be ready for Parliament by the end of the year in South America’s newest oil producing nation – Guyana – where the recently installed government has been advocating for more benefits for the country...

Guyanese-owned Symmetry Customs Brokerage and Logistics Services has secured Platinum Membership of Global Logistics Network (GLN) and also attained Trace International Certification (TIC), as the company accelerates its plan to build customer satisfaction while maintaining commercial excellence. Referring to Symmetry’s...

(Bloomberg) --U.S. oil exports to China are set to reach a record next month in a sign that Beijing is stepping up purchases to meet its commitments under a landmark trade deal reached earlier this year. Chinese crude buyers have...

Vice President of Guyana, Dr Bharrat Jagdeo believes that it is unrealistic to call for the developing South American country to leave its giant oil discoveries - made over the past five years – undeveloped, while the needs of...

British High Commissioner to Guyana, Greg Quinn, says the South American country is about to experience a transformation “beyond all recognition,” with a more affluent consumer base and growing economic opportunities for its population of just over 770,000. Quinn was...

While the role of the Environmental Protection Agency (EPA) in protecting the interest and wellbeing of the nation is regarded as a most important one, it must do so in a manner that facilitate, rather than curtail investments. Guyana’s...

Trinidad and Tobago’s State-owned National Energy is said to have only delivered one project in the last twelve years and none in the last five years. This is according to a report in the Trinidad Guardian on Thursday. Noting that...