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T&T government, Shell discuss possible restructure of Atlantic LNG

A potential restructure of Trinidad and Tobago’s Atlantic LNG dawns as a team of top government officials led by the Prime Minister Keith Rowley recently engaged with Shell Global at its Hague headquarters to discuss future developmental plans for...

US, Norway, Brazil, Canada and Guyana will be main drivers of oil growth next year – OPEC

With two projects producing, two more approved and a fifth being planned, Guyana’s rapid development of its oil and gas resources is positioning the country as a major non-OPEC player among heavyweights such as Norway, Brazil and Canada. OPEC said...

CNOOC starts production at 7,100 bpd oilfield in China’s Bohai Sea

CNOOC Limited announced first oil at the Kenli 6-1 oilfield 10-1 North Block Development Project. It said the project is in the south of the Bohai Sea, with an average water depth of about 19 meters. The main production facilities include one production platform and two unmanned...

Modernised petroleum law for Guyana likely by March 2023 – Vice President

Vice President Dr. Bharrat Jagdeo said the government is currently reworking the Petroleum (Exploration and Production) Act of 1986, to modernise its provisions. The Act applies to the exploration, extraction, conservation, and management of petroleum reserves existing in Guyana’s exclusive...

Local Maritime Institute to bring Guyana’s next OPITO-certified training centre to East Bank corridor

The wholly-Guyanese-owned Atlantic Alliance (AA) Maritime and Offshore Training Institute Guyana is well on its way to launching the country’s second OPITO-approved facility to offer internationally accredited training to locals. AA officially opened its doors in March this year at...

Repsol sells 25% stake in its upstream business to EIG for US$4.8 billion

Repsol said it is partnering with United States multinational investor, EIG, in its upstream business, in a boost to its multi-energy transformation. EIG is set to acquire a 25% stake in Repsol’s upstream unit for US$4.8 billion. The transaction, approved...

Guyana guarding against Dutch Disease impacts on non-oil labour market

Cognizant that there are inherent risks associated with being an oil producing country, the Guyana government has paid keen attention to the development of the labour market. It said the government cannot go without preventative and mitigating strategies to guard...

Equinor hires Bristow for search and rescue work in Norwegian North Sea

Bristow Group announced a contract award on Wednesday from Equinor’s state oil company, Equinor. By virtue of this award, Bristow said Equinor will be tapping into its world leading innovative and sustainable vertical flight solutions. It will provide search and...

Biden taps Nicole Theriot as new US Ambassador for Guyana

Career diplomat, Nicole D. Theriot is President Joe Biden’s nominee for the United States (US) Ambassador to Guyana position, a release from the White House said. According to the White House, Theriot, a career member of the Senior Foreign Service with...

Joe Douglas Jack Up returns to TT for bp’s new drill campaign

The Joe Douglas Jack Up rig has returned to Trinidad and Tobago for bp Trinidad and Tobago’s (bpTT) new round of drilling next month. According to bp, the drilling rig arrived in Trinidad on 30 August 2022 at Chaguaramas, headed to its Mango drilling site – situated...

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Can Guyana’s schools build digital classrooms without reliable electricity?

Classrooms today look very different from the ones many Guyanese students knew a generation ago.  Instead of relying only on...