Guyanese economist, Winston Brassington, says that as the country’s oil and gas sector continues to develop and expand, so will the assets in the local banks. Brassington shared this perspective on Thursday when he addressed an American Chamber of...

UK-based multinational oil and gas exploration company Tullow Oil is calling it a day in Suriname. Drilling operations at the Goliathberg-Voltzberg North (GVN) exploration well at Block 47 failed to deliver commercial crude earlier this year after reaching total...

Saipem has been awarded two new offshore contracts for transportation and installation activities (T&I) for a total amount of over 600 million USD. The first contract was awarded by Chevron Australia Pty Ltd for the Jansz-lo Compression Project, the gas...

By A. Bacchus I was sitting in a class recently when a colleague expressed in utter vexation, “they’re giving all the jobs to foreigners.” The conversation was delving into industries and the policymaking in Guyana, and like the new-norm, oil...

Guyanese-owned company, Strategic Recruitment Solutions (SRSGY) has sustained ISO 9001 Quality Management Systems Certification from NSF International Strategic Registrations (NSF-ISR). ISO 9001certification demonstrates SRSGY’s commitment to quality through its annual surveillance audit in Oct 2021. SRSGY achieved ISO 9001 quality...

Stabroek Block operator, Esso Exploration and Production Guyana Limited (EEPGL), has indicated that there will be a potential increase in demand for lodging in the Georgetown area as work on its development projects come on stream. This was specifically noted...

The Guyana-Suriname basin is the most appealing frontier market opportunity in the world and Brazil’s pre-salt reserves are also gaining attention, says a leading market intelligence company studying energy trends in the region. The total projected reserves at Guyana’s...

After eight years of operations offshore Guyana, ExxonMobil expects around 75% of the workforce on the giant Yellowtail Floating, Production, Storage and Offloading (FPSO) vessel will be Guyanese, starting from an initial 25%. This is according to the Environmental Impact...

Ghana's oil production is set to decline in 2022 as a result of coronavirus-related restrictions, which deferred work programs and other activities in 2020, the head of production at the country's state-owned oil company told S&P Global Platts. The West...

Recent Atlantic offshore oil discoveries have promised to generate an economic boom for Guyana and its’ citizens, the Extractive Industries Transparency Initiative (EITI) said, pointing out that mainly left unexplored until 2015, the nation is now on the brink...