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...

"If you not in the business, get in the business" was the advice of Government Minister, Deodat Indar to the 360-member strong Guyana Manufacturing and Services Association (GMSA) as it celebrated 60 years of existence on August 3.  His feature...

Guyana’s Minister of Natural Resources, Vickram Bharrat, has tabled the Petroleum Activities Bill 2023 in the country's Parliament. The Bill was initially published for consultation with stakeholders and has now been revised by the government to incorporate acceptable comments. In...

A recent analysis by energy consultancy firm Wood Mackenzie indicates that the oil sectors of the burgeoning Guyana-Suriname basin could reap benefits from fiscal reforms introduced by Colombia's newly elected President, Gustavo Petro. The Colombian president has launched an ambitious...

Total trade in goods and services between the United Kingdom and Guyana has reached an impressive £1.6 billion in the four quarters leading up to the end of Q2 2023, a new report from its Department of Business and...

Touchstone Exploration Inc. has shared updates on the construction of the Cascadura facility and the ongoing Royston-1X production testing. These are the company's key projects on the Ortoire block, located onshore in the Republic of Trinidad and Tobago. In the...

The search for more oil in Guyana’s Stabroek Block remains at a steady pace with the partners announcing more prospects to be tapped.  Chief Operations Officer and President of Hess Corporation, Greg Hill shared that the partners plan to drill...

At the 2023 United Nations Climate Change Conference of the Parties (COP 28) set to be held in Dubai later this year, developing countries’ right to economic prosperity with their hydrocarbon resources must not be swept under the proverbial...

Guyana's Vice President, Dr. Bharrat Jagdeo, has announced that the country's new Petroleum Activities Bill will be presented to Parliament on August 3, 2023. The proposed legislation is set to establish a contemporary regulatory framework for the country's rapidly...