News

ExxonMobil Guyana said more than 5,000 Guyanese nationals are supporting its operations as its projects continue to drive growth in the world's fastest growing economy. Exxon said too that its operations, including the work of its key contractors, are...

The Guyana Pavilion at the Offshore Technology Conference 2023 (OTC), was officially opened on the morning of May 1 with a symbolic ribbon-cutting ceremony. Guyana has been one of the main newcomers at the show in recent years. The...

Brazil’s state-owned Petrobras has delayed the start-up of three floating production, storage and offloading (FPSO) vessels as its new energy strategy is being crafted.  Petrobras said that first oil dates for the Almirante Tamandaré FPSO and Maria Quiteria FPSO are...

Expansion plans have been eyed for Guyana’s first floating dry dock, owing to the fast-paced development of its marine sector pulling larger vessels to the country’s shores.  Named Dock Yard (DY), the facility has been running since January after getting...

TotalEnergies has announced a profit of US$5.6 billion for the first quarter of 2023. With the lower oil and gas prices, the company has achieved a return on average capital employed of 25% and cash flow of US$9.6 billion. Exploration...

The Local Content Secretariat (LCS) is coordinating a paid internship pilot program with the Guyana Technical Institute (GTI) to align students in technical fields with sub-contractors along the supply chain to build on skills and experience in the country’s...

ExxonMobil produced 34.05 million barrels of crude in the first quarter of 2023 from the Liza projects offshore Guyana, at 378,340 barrels per day (bpd). Output peaked at 408,860 bpd.  Liza Phase 1 produced 13.598 million barrels at 151,090 bpd....

The electric vehicle market is set to continue its growth, with sales projected to reach 14 million this year alone, up from 10 million in 2022. This growth is part of a historic transformation of the auto industry, with...

Guyana's Vice President Dr. Bharrat Jagdeo said the demand for excess gas from the country's mega Gas-to-Energy initiative is secure for the 20-year life of the project, as the government has received several expressions of interest. With key preparatory...

The MODU Stena DrillMax will be used to continue development drilling activities at ExxonMobil Guyana’s Yellowtail well site in the offshore Stabroek Block.  An April 27 Notice to Mariners by the Maritime Administration Department (MARAD) said the exercise will conclude...