With Russia choking its natural gas supply to dependent European countries, there is now a worldwide scramble to source power as a cold storm approaches fast. Some countries have returned to coal-fired power. Others have turned to unlikely sources to fill the...

The first shipment of liquefied natural gas (LNG) from Mozambique’s massive offshore Coral Sul FLNG facility has been lifted by bp. Under a long-term contract, bp will purchase 100% of LNG output from Coral Sul FLNG, boasting a production capacity of...

What will it take for Trinidad and Tobago to fix its economy? It is the question Economist and Senior Lecturer at the University of the West Indies, Dr. Roger Hosein continuously ponders when reflecting on the state of affairs...

Velesto Energy, a Malaysian upstream service company, said it was awarded a contract for Hess Exploration and Production Malaysia B.V. for the provision of integrated rig, drilling and completion (i-RDC) services for Hess’ 2022-2024 North Malay Basin Full Field...

While a United Nations report, released last month, lobbies for countries to invest in renewable energy sources over natural gas, Guyanese stakeholders insist that the government remain steadfast in realising its agenda for a gas-led energy mix. In fact, financial...

The US$30 million (GY$6 billion) Nismes wharf and laydown yard development, conceptualised by GAICO Construction and General Services Inc. is expected to be operational from January 2023. This is according to GAICO’s Managing Director, Komal Singh. The facility will serve as the land base from which pipeline laying for the Gas-to-Energy project could progress. Singh has described the project as...

French multi-energy company, TotalEnergies, has joined the ranks of other oil majors recording massive profits for the third quarter of 2022. Its executives reported this week that earnings jumped by more than 40% to US$6.6 billion in Q3. In...

A new Materials Offloading Facility (MOF) and heavy haul road are set to be built on the West Bank of Demerara to complement the construction of Guyana’s Natural Gas Liquids (NGL) Facility and Power Plant for the Gas-to-Energy project...

Local oil and gas consulting company – Excel Guyana – has expanded its portfolio with a new Marine and Offshore Services Division to be headed by Steve Sinanan, considered a veteran in the industry. This new addition, according to Excel’s...

Phoenix Development Company and Suriname’s Port Management Company, N.V. Havenbeheer, have teamed up to build a mega Deep-Water Port and Special Economic Zone – Port of Nickerie – in Suriname, with projected investment of approximately US$5.4 billion. With several oil...