The Georgetown Chamber of Commerce and Industry (GCCI), the oldest private sector representative organisation in Guyana, will be the lead body responsible for the country’s participation at the Offshore Technology Conference (OTC) set to take place at the NRG...

BrasFELS Shipyard, a member of the Seatrium Group, announced the acquisition of a substantial contract from Offshore Frontier Solutions Pte. Ltd, a subsidiary of the MODEC Group. The contract involves the fabrication of critical sections of the topside modules...

Eco (Atlantic) Oil & Gas Ltd. showcased significant advancements in its exploration endeavors, according to the company’s interim results update, with Chief Executive Officer (CEO) Gil Holzman expressing optimism about the firm's recent developments. Holzman emphasized the company's strong financial...

Italy's leading engineering, drilling, and construction services provider, Saipem, has clinched two substantial offshore contracts valued at approximately US$1.9 billion. The agreements involve collaborations with ExxonMobil's subsidiary, ExxonMobil Guyana Limited, and Equinor, the Norwegian state-owned energy giant, spanning operations...

Equinor and Chappal Energies have entered into an agreement for the sale of Equinor Nigeria Energy Company (ENEC), which holds a 53.85% ownership in oil and gas lease OML 128, including the unitised 20.21% stake in the Agbami oil...

Nestled on the northern tip of South America, the small nation of Guyana, now the fastest growing economy in the world, will become the continent’s second biggest oil producer by 2027. The massive success the country has seen in...

Analysts have said the significant sums Guyana is set to receive in oil revenue can make the country one of the richest in the world, per capita. The companies producing oil there are also set to receive massive returns...

The Caribbean Council, in collaboration with Mission Partners, is set to lead a United Kingdom (UK) Business Mission to Guyana from November 28 to December 1, 2023.  The initiative aims to bolster engagement for quality business investments and foster opportunities...

The fallout from the Russian invasion of Ukraine rippled through global energy markets, prompting significant shifts in trade patterns and rekindling discussions about Africa's potential as a key energy supplier for Europe. However, despite this potential, recent reports from...

Vice President Bharrat Jagdeo believes that Venezuela’s heightened efforts to annex Guyana’s Essequibo region is fueled by his country’s success in the oil and gas industry.  “It is a kind of greed too because they have seen the successes in...