Westwood Global Energy Group reports that the top 10 offshore drilling contractors manage 29% of the rigs in Latin America. Valaris, Noble, and Borr Drilling each have seven rigs in the region, leading the international presence. Noble’s fleet is primarily...

In just a few years, Guyana has achieved what many other nations have taken decades to accomplish in the oil and gas sector, said Attorney General Anil Nandlall.  “I don't want to be accused of blowing our own trumpet, but...

Guyana Vice President Bharrat Jagdeo said ExxonMobil and its Stabroek Block partners can never profit more than Guyana from their petroleum operations. “They can never earn more profit than we would earn,” he said during a June 14 press conference. Jagdeo...

Saipem and CNOOC are set to hold separate meetings with Guyanese businesses in June.  Saipem’s meeting is an information session for businesses to understand their contractual obligations. It is scheduled for June 20, at 10:00 am. Registration is active, with...

Guyana’s Natural Resource Fund (NRF) received inflows of US$267 million (approximately GY$56 billion) from oil sales in May, the Bank of Guyana revealed. The Guyana government expects US$2.08 billion in revenues from oil sales this year, with over US$974 million...

A new report from the International Energy Forum (IEF) and S&P Commodity Insights revealed that despite rising production costs, most new oil supplies can be produced at under US$60/bbl Brent. The “Upstream Oil and Gas Investment Outlook” report highlighted...

Omni Helicopters Guyana Initiative (OHGI), touted as Guyana’s leading air mobility solutions provider for the offshore sector, has selected its first two Guyanese citizens, Somant Heeralal and Yadram Ramcharran, to participate in its Ab-Initio flight program.  Announced in a June...

ExxonMobil Guyana reported comprehensive income (profit) of GY$614.6 billion (US$2.9 billion) in 2023. This is a 6% increase from the company’s GY$577.7 billion (US$2.75 billion) 2022 profit.  Exxon also recorded a 47% increase in equity from GY$1.49 trillion (US$7.09 billion)...

Digicel Group said it activated its subsea fibre optic cable ‘Deep Blue One’ to “supercharge” connectivity across Guyana, French Guiana, Suriname and Trinidad & Tobago. It said the cable network will provide seamless connectivity, facilitating uninterrupted communication and real-time...

Paramaribo, Suriname - TotalEnergies announced on Wednesday that several key milestones have been reached for its first development at Suriname’s Block 58 where it is the operator. Referencing comments made on Tuesday at the 2024 Suriname Energy Oil and...