Even as the world buckles from the impact of the global pandemic, oil exploration and production operations continue at full speed in the South American country of Guyana where in recent weeks there has also been an uptick in...

As Guyana is poised to become one of the fastest growing economies in the world as a result of the massive oil discoveries made offshore, the move by the newly installed government to liberalise the country's telecommunications sector after...

Even with plummeting demand due to the global pandemic and the move towards renewables, experts believe that oil and gas will still remain the primary source of energy in the years to come, which is good news for new...

Norway-based Rystad Energy said in a new report it expects offshore investments to rebound from 2021 with 40% of spending linked to construction of new floating facilities. According to the Rystad Energy analysis, budgets will be cost-wary, and among Asian...

The historic six-agency delegation that was led by the U.S Development Bank on a visit to Guyana on Tuesday is looking to move ahead quickly in making investments, particularly in the area of large infrastructure projects in South America’s...

Two months after the President of Guyana, Dr. Mohamed Irfaan Ali, and Surinamese President, Chandrikapersad Santokhi, met and agreed to cooperate in areas including oil and gas, a Ministerial delegation from Suriname including the Minister of Foreign Affairs, International...

Five years after Guyana’s first oil discovery and just weeks after production started last December, Suriname experienced a game-changer with its first offshore discovery at Maka Central-1. This was closely followed by two other discoveries – Sapakara West-1 and...

An energy consultant is urging Guyana to create an investment environment that is built on the pillars of stability and security since this is the most effective way of attracting and keeping the big capital and expertise needed to...

Using a model of five developments being underway by 2025 offshore Guyana targeting an estimated 750,000 barrels of oil per day, the Inter-American Development Bank (IDB) says considering the sequencing of the projects, Guyana would ultimately accumulate around US$49...

Noble Corporation announced Thursday that the ultra-deepwater drillship Noble Tom Madden has been awarded approximately 6.5 years of additional contract term under the Commercial Enabling Agreement (CEA) with ExxonMobil for work offshore Guyana.  The Noble Tom Madden was previously contracted until Mid-February 2024 and the additional...