News

The on-time delivery of the Prosperity floating production, storage and offloading (FPSO) vessel and the award of a new front-end engineering and design (FEED) contract for the Whiptail development project are among the key accomplishments noted by SBM Offshore...

In a landmark achievement for Guyana's port infrastructure, Blue Water Shipping Guyana orchestrated the arrival of the MV Virtuous Striker, the largest cargo ship to ever dock in the Demerara River.  The vessel, boasting an impressive length of 190 meters,...

Despite the Nicolas Maduro regime in Venezuela doubling down just days ago on its position that the International Court of Justice (ICJ) does not have jurisdiction on matters relating to the territorial controversy with Guyana, it will now participate...

ExxonMobil Guyana and SBM Offshore have completed the transaction related to the purchase of the Liza Unity floating production, storage and offloading (FPSO), just months ahead of the end of the maximum lease term, in February 2024. Announcing the completion,...

A high-level team from Japanese shipbuilding company MODEC recently met with Guyana's Foreign Secretary, Robert Persaud in Tokyo, where an update on its local content plan and project operations were discussed. Persaud was at the time on a visit...

President Nicolas Maduro of Venezuela reaffirmed the country’s rejection of the International Court of Justice’s (ICJ) jurisdiction to resolve the territorial controversy with Guyana, in a November 7 post on X (formerly Twitter).  “Let no one be confused! Venezuela has...

McDermott International, Inc. has further expanded its involvement in one of India's most significant subsea projects by securing a large transportation and installation contract from the Oil and Natural Gas Corporation (ONGC) for the KG-DWN-98/2 development project. This development...

Staatsolie Hydrocarbon Institute N.V. (SHI), a subsidiary of Staatsolie Maatschappij Suriname N.V., has initiated a new opportunity for oil companies to engage in its offshore oil and gas sector. Staatsolie has announced an auction of eleven blocks within the...

Guyana’s Environmental Protection Agency (EPA) has put in place a series of robust measures to guide the Prosperity floating production storage and offloading (FPSO) vessel’s offloading operations for ExxonMobil’s Payara development project. The project, set to come online soon, is...

A former Venezuela envoy to Guyana, Sadio Garavini di Turno, has openly criticized the Nicolas Maduro government's decision to hold a referendum on the Essequibo territorial claim, labeling it not just as useless but also harmful to the country's...