News

Touchstone Exploration said Monday that it commenced operations at the Royston-1X sidetrack well on the onshore Ortoire Block in Trinidad and Tobago. Royston-1X is re-entering the previously drilled Royston-1 well and is expected to be drilled to a measured depth...

Western Logistics Guyana Inc. announced has achieved ISO 9001:2015 certification. ISO 9001:2015 is an international standard dedicated to a quality management system. This consists of principles of customer focus, leadership, engagement of people, process approach, improvement, evidence-based decision-making, and relationship...

UK-based consultancy group Wood Mackenzie has dubbed 2022 a standout year for exploration – the strongest in more than a decade. The global exploration sector, in its bid to improve portfolios by adding lower-carbon, lower-cost advantaged barrels, created at least...

The Offshore Technology Conference (OTC) presented ExxonMobil with the OTC Distinguished Achievement Award in recognition of its affiliate Esso Exploration and Production Guyana Limited’s Liza Developments in the offshore Stabroek Block. OTC said Liza Phase 1 was “one of the...

The Organisation of Petroleum Exporting Countries (OPEC) expects Guyana to add about 90,000 barrels of crude per day (bpd) to its current output, according to the  January monthly oil market report. This would lift Guyana’s 2023 output 32 million barrels...

Energy Strategist and Advisor Anthony Paul has urged Trinidad and Tobago to get its proverbial ducks in order before approaching the Dragon gas deal with Venezuela’s state-own PDVSA. “I think that we have a bigger role to play on the...

ExxonMobil has been quickly racking up discoveries in Guyana’s offshore Stabroek Block with nine alone in 2022. Yet, no revision has been made to the resource count. At present, Exxon said it has discovered close to 11 billion oil equivalent...

Guyana grabbed a massive win for local content with the Prosperity vessel. According to SBM Offshore, it is the first Guyana floating, production, storage, and offloading (FPSO) vessel to incorporate Guyanese fabricated steel. And that stellar feat was made possible by...

Front end engineering and design (FEED) work has commenced on the Whiptail development project, ExxonMobil Guyana Project Manager, Anthony Jackson said Thursday. The company had faced criticism several years ago when it was announced that a FEED contract was issued...

Stena Drilling announced that it signed a new Contract with Ithaca Energy (UK) Limited for Mobile Offshore Drilling Unit (MODU) Stena Spey. The Stena Spey is a Friede & Goldman L907 (enhanced Pacesetter) twin pontoon, column-stabilised, semi-submersible offshore drilling unit.  The...