News

Guyana’s Finance Minister, Winston Jordan, is calling on politicians and others in the country not to politicize the Natural Resource Fund (NRF), also known as the Sovereign Wealth Fund, but see the value in its operationalisation. In a recent interview...

(Reuters) There is no future for companies that work only in oil and gas in the medium- to long-term, the head of Italian major Eni said on Friday. “Diversification into renewable energy and the circular economy is crucial,” Claudio Descalzi...

SBM Offshore said on Friday it is the successful bidder for the interests held by Brazil’s Servicos de Petroleo Constellation in five floating production, storage and offloading vessels. The company said completion of the transaction remains subject to various conditions...

A Trinidad and Tobago financial institution — First Citizens Bank — is looking to service Guyana’s Oil and Gas industry. This, as Guyana’s prospects increase, and the South American nation moves closer to first oil by 2020. The Bank expressed...

SBM Offshore said on Wednesday it completed the project financing of the Liza Unity FPSO for a total of US$1.14 billion. The project financing was secured by a consortium of nine international banks. The Company said it expects to draw...

Australian based petroleum company BHP said on Thursday it has made one discovery while encountering a dry hole in exploration activities offshore the Caribbean twin island nation of Trinidad and Tobago. The company drilled two additional exploration wells at its...

Guyana is in the process of recruiting an Independent Administrator to prepare the country’s second report, which will be submitted to the international secretariat of the Extractive Industries Transparency Initiative (EITI). This is according to National Coordinator of EITI Guyana,...

Royal Dutch Shell still sees abundant opportunity to make money from oil and gas in coming decades even as investors and governments increase pressure on energy companies over climate change, its chief executive said. But in an interview with Reuters,...

Veolia Water Technologies said its VWS Westgarth subsidiary has been awarded a multimillion dollar contract by SBM Offshore for the supply of a seawater treatment package for the Liza Unity floating production, storage and offloading unit (FPSO), to be...

The Energy Chamber of Trinidad and Tobago is getting ready to host the second Guyana Safety Forum set to take place on the outskirts of Georgetown on Wednesday, October 16 at the Arthur Chung Conference Centre. Under the theme “Building...