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Suriname’s stalled FID

TotalEnergies is seen as Suriname’s golden ticket to kickstart its Guyana-like offshore oil production operations.   But this is proving to be slow in coming. Why? The country still awaits a final investment decision (FID) for its offshore Block 58 -...

Veristat Taps Accomplished Industry Leaders to Support Growth and Innovation

Selected to Advance Company Mission and Support Client SuccessSOUTHBOROUGH, Mass.--(BUSINESS WIRE)--Veristat, a scientific-minded global clinical research organization (CRO) and regulatory consultancy, shared today the addition of three seasoned leaders to Veristat’s Executive team. The appointments reflect Veristat’s rapid rate...

Fate of thousands of businesses and opportunities for Guyanese at stake with insurance ruling – PSC

An umbrella organisation representing businesses across Guyana is now speaking out, following the recent court ruling on oil spill insurance in the South American country. The Private Sector Commission (PSC) said in a statement on May 20 that it is...

Universal Display Corporation and PPG Celebrate Opening of State-of-the-Art OLED Manufacturing Site in Shannon, Ireland

Initial 10 million euro investment launches multiyear, multiphase expansion plan for production of energy-efficient phosphorescent OLED materialsSHANNON, Ireland--(BUSINESS WIRE)--$OLED #OLED--Universal Display Corporation (Nasdaq: OLED) (UDC) and PPG (NYSE: PPG) today officially opened a new state-of-the-art organic light-emitting diode (OLED)...

Exxon integrating technology, project management capabilities to grow unique Guyana asset at an industry-leading pace

ExxonMobil Corporation’s Senior Vice President & Chief Financial Officer (CFO), Kathy Mikells recently disclosed that the American multinational is deploying its best technologies and project management capabilities to grow Guyana’s unique assets at an industry leading pace. Speaking to shareholders...

SBM Offshore orders 8th Fast4Ward® Multi-Purpose Floater hull

Dutch contractor, SBM Offshore’s full-year guidance remains on track after good performance in the first quarter of 2023.  Its report released on May 11, noted that the company has upped its Lease and Operate revenue to US$453 million - a...

Otsuka and Lundbeck Announce U.S. Food and Drug Administration (FDA) Approval of Supplemental New Drug Application (sNDA) for REXULTI® (brexpiprazole) for the Treatment of...

REXULTI is the first and only pharmacological treatment approved in the U.S. for agitation associated with dementia due to Alzheimer’s diseasePRINCETON, N.J. & DEERFIELD, Ill.--(BUSINESS WIRE)--Otsuka Pharmaceutical, Co. Ltd. (Otsuka) and Lundbeck LLC (Lundbeck) announce the U.S. Food and...

Guyana regulator moves to overturn court judgment on Exxon assurance guarantee

The Environmental Protection Agency (EPA) has filed an appeal against a recent upset judgment by the High Court. Justice Sandil Kissoon directed the EPA to secure an unlimited parent and/or affiliate guarantee, based on a provision in ExxonMobil Guyana’s...

Zion Pharma Announces Global Agreement with Roche to Develop and Commercialize a Blood Brain Barrier Penetrant Oral HER2 Tyrosine Kinase Inhibitor

HONG KONG & SUZHOU, China & SHANGHAI--(BUSINESS WIRE)--Zion Pharma Limited, a Chinese biotechnology company focused on the development of brain-penetrable compounds, today announced that Roche has acquired the global rights to Zion’s lead program, ZN-A-1041. ZN-A-1041 is an orally...

Guyana eyes exporting gas from Uaru Project 

With the Uaru Development Project expected to produce 540 million standard cubic feet of gas per day, Guyanese authorities want ExxonMobil Guyana to conduct a study on the possibilities for export. According to the provisions of the Petroleum Production Licence...

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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...