Guyana’s consideration to possibly establish a national oil company has been shelved, Vice President Dr. Bharrat Jagdeo said at the International Energy Conference. Instead, South America’s rising oil star will be focusing efforts on more direct government-to-government engagements for oil...

​Tullow Oil announced that it has filed requests for arbitration with the International Chamber of Commerce in London to settle disputed tax assessments for the fiscal years 2010-2020 with the Ghana Revenue Authority (GRA). The assessments relate to the disallowance...

Chief Executive Officer of Hess Corporation, John Hess, discussed the company’s motivation for investing in Guyana’s forest preservation drive, at the International Energy Conference 2023, which opened in Georgetown on Tuesday. “We are honoured to be Guyana’s partner in this,”...

Transocean said that one of its wholly owned subsidiaries has agreed to invest in Global Sea Mineral Resources NV (“GSR”) in exchange for a non-controlling interest in the company. GSR is the deep-sea mineral exploratory division of DEME Group NV...

Guyanese firm, Panthera Solutions Inc., said it has achieved Industrial Rope Access Trade Association (IRATA) certification, the first such case in-country. Panthera, which describes itself as a leading provider of offshore maintenance services and equipment in the oil and gas...

European major, TotalEnergies, reported a profit of US$20.5 billion to International Financial Reporting Standards (IFRS). The company said this includes nearly US$15 billion in provisions related to Russia, for an adjusted net income of US$36.2 billion. Return on equity was...

Western Logistics Guyana Inc. announced has achieved ISO 9001:2015 certification. ISO 9001:2015 is an international standard dedicated to a quality management system. This consists of principles of customer focus, leadership, engagement of people, process approach, improvement, evidence-based decision-making, and relationship...

ExxonMobil made a US$55.7 billion profit in 2022. That is a huge number. So, when Guyanese media outlets report on the oil major’s earnings, many locals are quick to assume that these earnings are Esso Exploration and Production Guyana...

Guyana grabbed a massive win for local content with the Prosperity vessel. According to SBM Offshore, it is the first Guyana floating, production, storage, and offloading (FPSO) vessel to incorporate Guyanese fabricated steel. And that stellar feat was made possible by...

Front end engineering and design (FEED) work has commenced on the Whiptail development project, ExxonMobil Guyana Project Manager, Anthony Jackson said Thursday. The company had faced criticism several years ago when it was announced that a FEED contract was issued...