Following an intense seven-hour-long debate, Guyanese lawmakers on August 9 passed the Petroleum Activities Bill which replaces the country’s Petroleum (Exploration and Production) Act of 1986. Natural Resources Minister, Vickram Bharrat who introduced the Bill to the House, underscored...

Tullow Oil Plc (Tullow) announced its decision to divest its complete stake in Tullow Guyana B.V. (TGBV) which encompasses the Orinduik licence in the South American country. The sale will be conducted with Eco Guyana Oil and Gas (Barbados)...

Asif Auto Imports, a Guyanese vehicle retailer, is on the verge of making a stride into waste transport. They are set to establish a dedicated waste transport service tailored for the thriving oil industry in Guyana. Owner, Asif Zafarali,...

The rapidly developing oil and gas sector in Guyana is increasing the need for enhanced infrastructure and new services. Responding to this demand, Avocat Guyana Holdings Inc. (AGHI) has proposed the creation of a chemical storage facility and laydown...

A highly anticipated joint venture between Aker Solutions, SLB (Schlumberger), and Subsea7 has cleared the regulatory hurdles, marking a significant step forward towards its targeted fourth-quarter 2023 closing. The proposed collaboration, which aims to revolutionise subsea production economics, has...

UK-based energy company Trinity Exploration & Production has made a groundbreaking discovery of what it refers to as "virgin oil" in an exceptionally mature basin onshore Trinidad and Tobago.  Trinity Exploration & Production announced on August 7 that it had...

DALLAS--(BUSINESS WIRE)--Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the second quarter of 2023. For the quarter, the Company generated a net income of $23 million, or $0.05 per diluted...

Guyana, the newest oil producer in South America, is emerging as a major player in the global oil and gas industry. The country, with current production of around 400,000 barrels of oil per day, has secured an impressive 4th...

Noble Corp. announced robust financial results for the second quarter of 2023, showcasing a positive growth trajectory amidst an upswing in market conditions. The company reported contract drilling services revenue of US$606 million for the quarter, representing an increase...

Russia’s invasion of Ukraine foisted Europe to the top as one of the largest buyers of Guyana’s Liza and Unity Gold crude, said S&P Global Commodity Insights' oil pricing and news expert Patrick Harrington.  “Until recently, the bulk of Guyana...