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Global upstream sector could generate $495B cash windfall this year, Wood Mackenzie says 

The global upstream oil and gas sector could generate a cash windfall of US$495 billion in 2026 if Brent crude prices average US$90 per...

Letter to the Editor: Safety training should prepare Guyanese to lead

Dear Editor, The opening of applications for an upgraded Occupational Safety and Health diploma is a timely development for Guyana’s workforce. As our industrial sectors...

S&P keeps Trinidad and Tobago’s BBB- sovereign credit rating, cites weak growth and fiscal risks

S&P Global Ratings affirmed Trinidad and Tobago’s long-term sovereign credit rating at “BBB-” on July 22, 2026, but maintained a negative outlook as economic...

Guyana Longtail subsea contract among Saipem’s biggest Q2 2026 awards

Saipem has identified its subsea contract for ExxonMobil Guyana’s Longtail development as one of its largest contract awards during the second quarter of 2026,...

TotalEnergies, Eni approve development of Cyprus’ Cronos gas field

TotalEnergies and Eni have taken the final investment decision (FID) for the development of the Cronos gas field offshore Cyprus, with first production targeted...
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Latest News

Global upstream sector could generate $495B cash windfall this year, Wood Mackenzie says 

The global upstream oil and gas sector could generate a cash windfall of US$495 billion in 2026 if Brent crude prices average US$90 per...

Letter to the Editor: Safety training should prepare Guyanese to lead

Dear Editor, The opening of applications for an upgraded Occupational Safety and Health diploma is a timely development for Guyana’s workforce. As our industrial sectors...

S&P keeps Trinidad and Tobago’s BBB- sovereign credit rating, cites weak growth and fiscal risks

S&P Global Ratings affirmed Trinidad and Tobago’s long-term sovereign credit rating at “BBB-” on July 22, 2026, but maintained a negative outlook as economic...

Guyana Longtail subsea contract among Saipem’s biggest Q2 2026 awards

Saipem has identified its subsea contract for ExxonMobil Guyana’s Longtail development as one of its largest contract awards during the second quarter of 2026,...

TotalEnergies, Eni approve development of Cyprus’ Cronos gas field

TotalEnergies and Eni have taken the final investment decision (FID) for the development of the Cronos gas field offshore Cyprus, with first production targeted...
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Life on the rig: Uriel Freedrik reflects on 28 days offshore

As Suriname builds out its offshore oil industry, more local workers are considering careers at sea. The opportunity can bring valuable experience, but life...

Building a world-class Guyanese workforce starts with technical expertise, says ExxonMobil Technical Training Manager

ExxonMobil Guyana Technical Training Manager Jewel Collier-Swan said building a world-class Guyanese workforce will depend on developing technical expertise and ensuring local talent can...

Senate vote could open French Guiana to exploration – what it could mean for Guyana and Suriname

A vote in France’s Senate could ultimately reshape the competitive and geological landscape of the Guyana-Suriname Basin, with potential implications for both Guyana’s Stabroek-led...

The PAA Series: Environmental Management – Decommissioning (Part 3)

In PAA Series: Environmental Management - Decommissioning Part 2, we highlighted that, “The most significant steps in reducing adverse environmental influence are for the...

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Global upstream sector could generate $495B cash windfall this year, Wood Mackenzie says 

The global upstream oil and gas sector could generate a cash windfall of US$495 billion in 2026 if Brent crude prices average US$90 per...

Letter to the Editor: Safety training should prepare Guyanese to lead

Dear Editor, The opening of applications for an upgraded Occupational Safety and Health diploma is a timely development for Guyana’s...

S&P keeps Trinidad and Tobago’s BBB- sovereign credit rating, cites weak growth and fiscal risks

S&P Global Ratings affirmed Trinidad and Tobago’s long-term sovereign credit rating at “BBB-” on July 22, 2026, but maintained...
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Guyana-Suriname Basin success demonstrates value of long-term exploration investment

APA Corporation Executive Vice President of Exploration Tracey Henderson argued that the success of the Guyana-Suriname Basin is evidence that long-term investment in oil...

Guyana’s oil growth stands out as global high-impact exploration hits record low – Westwood

Guyana’s rapid offshore production growth is unfolding against a more cautious global exploration backdrop, with Westwood Global Energy Group...

ExxonMobil’s next oil target in Stabroek Block: Goby-1

Starting May 10, ExxonMobil Guyana continued exploration drilling activities at the Goby-1 prospect in the Stabroek Block.  A notice from...
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Brazil’s Búzios tops 1.2 million b/d as P-78 and P-79 platforms ramp up production

Brazil's Búzios field has set another oil production record, surpassing 1.2 million barrels per day (b/d) just three days after reaching 1.1 million b/d,...

ExxonMobil Guyana production slightly dipped to 903,000 barrels per day

Crude oil production offshore Guyana averaged 903,000 barrels per day (b/d) in April 2026, a modest decline from 910,000...

ExxonMobil Guyana production holds stable at 914,000 b/d in first quarter

Crude production offshore Guyana averaged about 914,000 barrels per day (b/d) in the first quarter of 2026, as output...
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Guyana’s oil growth stands out as global high-impact exploration hits record low – Westwood

Guyana’s rapid offshore production growth is unfolding against a more cautious global exploration backdrop, with Westwood Global Energy Group reporting that high-impact exploration drilling...

Petronas makes another discovery in gas-rich Block 52

President of Suriname, Jennifer Geerlings Simons moments ago said Petronas informed her just this morning that it made another...

Petrobras confirms new pre-salt oil discovery in Campos Basin offshore Brazil

Brazilian state-controlled energy company Petrobras has confirmed a new pre-salt oil discovery in the Campos Basin offshore Brazil, located...
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Guyana earns almost US$2B from oil in first half of 2026

Guyana received just under US$2 billion in petroleum revenues during the first six months of 2026, according to official notifications published in the Official...

The TotalEnergies 2025 PSA: A Modern, Modular Approach to Petroleum Sharing Agreements 

On November 11, 2025, the Government of Guyana (GoG), through the Ministry of Natural Resources (MoNR), signed a Petroleum Sharing Agreement (PSA) with the...

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Tristar builds modern hub to support more port capacity in Guyana  

Tristar Port Inc. is positioning its West Bank Demerara facility as a modern logistics hub built to support Guyana’s growing offshore oil and gas...

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