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ICJ ruling will settle border controversy once and for all – Guyana Foreign Minister

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Even as Venezuela continues to reject the notion of a “judicial settlement” over its decades-old claim to territory Guyana secured in an 1899 arbitral award, the lone English speaking country on the South American continent is adamant that a ruling...
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US to sell oil and gas leases in Gulf of Mexico

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The US Department of Interior is set to allow oil and gas firms to explore and develop 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama and Florida. Anticipated to be conducted on 15 August this year, Lease Sale 251 will...
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‘We will have a SWF long before first oil’ – Trotman

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Minister with responsibility for petroleum in Guyana, Raphael Trotman, has assured that the South American country will have a fully established and functional Sovereign Wealth Fund (SWF) "long before" oil production gets underway in 2020. Mr. Trotman’s remarks come in...
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Reports point to heightened security around energy assets in T&T amid terror concerns

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Warnings about Islamist group ISIS having a local cell in Trinidad and Tobago (TT) has prompted energy companies in the twin island republic to beef up security. London-based Argus Media reported on Monday that government, industry officials and diplomats told...
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Ram invited by gov’t to share views on Petroleum Commission Bill

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A number of individuals including Chartered Accountant and vocal critic in Guyana’s oil and gas sector, Christopher Ram, have been invited by Guyanese authorities to share their views on the Petroleum Commission Bill. This was disclosed by Minister of Natural...
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Trump doesn’t care about Latin America, Lula tells Correa

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Former Brazilian President Luiz Inacio Lula Da Silva says US President, Donald Trump “doesn't care about Latin America in the least” and added that “Bush and Condoleezza Rice pursued a much more democratic policy towards Brazil than Barack Obama...
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Latin American nations compete for capital in surge of oil auctions

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For decades, many Latin America’s oil-producing nations have often shunned investment from foreign firms, instead keeping their vast reserves under the tight control of governments and state-run oil companies, Reuters states in a April 2 report. They aimed to protect...
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Bahrain’s biggest oil find since 1932 dwarfs reserves

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(Bloomberg) Bahrain, the smallest energy producer in the Persian Gulf, discovered its biggest oil field since it started producing crude in 1932, according to the country’s official news agency. The shale oil and natural gas discovered in a deposit off...
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Saipem contracts Guyanese company for shorebase services

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Saipem America Incorporated has indicated that it will be contracting a Guyanese company to provide shore-base services for its operations in the Liza Field in the Stabroek Block. The company - a tier one contractor of ExxonMobil Guyana – has been...
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Guyana files litigation action against Venezuela with ICJ

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The Guyanese government on Thursday formally filed its Application with the International Court of Justice in The Hague, over its border controversy with neighbouring Venezuela. The application stems from a decision in January last by United Nations Secretary General, Antonio...
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SBM Offshore subsidiary seeks local suppliers for coverall production

Guyana Deep Water Operations Incorporated (GDO), a subsidiary of SBM Offshore, has issued a Request for Information (RFI) to...

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