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QatarEnergy has expanded its exploration footprint in Suriname’s offshore basin to six blocks, following the signing of Production Sharing Contracts (PSCs) for Blocks 9 and 10. The agreements, secured during the POST SHO2 bid round, strengthen the company’s position...

In late October, the Georgetown Chamber of Commerce and Industry (GCCI) launched its transformative Micro Women Entrepreneur Learning Centre, aiming to support and empower women across Guyana in growing their businesses through training, mentorship, and access to resources. The centre,...

French geophysical technology company Sercel announced on Tuesday that it has been awarded a five-year contract for technical support and maintenance from ExxonMobil Guyana for the Marlin Vessel Tracking and Alerts (VTA) software solution it delivered in 2024.  Sercel will...

Global energy technology company SLB has unveiled Tela™, an agentic artificial intelligence (AI) assistant designed to revolutionize the upstream energy sector by enhancing productivity and decision-making across exploration and production workflows. Tela integrates into SLB’s portfolio of applications and platforms,...

MODEC Guyana Inc. is seeking a qualified subcontractor to perform assembly, testing, certification and installation of marine offloading hoses for its floating production, storage and offloading (FPSO) vessels operating offshore Guyana. The scope of work includes inspection and renewal of...

Staatsolie Maatschappij Suriname N.V. signed Production Sharing Contracts (PSCs) for offshore Blocks 9 and 10 with PETRONAS Suriname E&P B.V. and Chevron Suriname Exploration Limited as operators. Staatsolie, in an announcement today, said for Block 9, PETRONAS Suriname will lead...

Guyana has upgraded its 2025 economic growth forecast to 15.2%, citing continued strength in oil production that has offset weaker global crude prices, the Ministry of Finance said in its mid-year report. The revised projection marks a sharp increase from...

ExxonMobil Guyana Limited has issued a Request for Information (RFI) to identify qualified suppliers to provide a Local Insurance Policy for the Hammerhead Construction All Risk (CAR) Insurance Package Program. The RFI seeks insurers who meet the requirements under section...

Oil production at ExxonMobil's Yellowtail development offshore Guyana averaged 134,000 barrels per day (b/d), increasing from 75,000 b/d in the previous month, government data shows. Yellowtail, ExxonMobil’s fourth project offshore Guyana, started production on August 8 and is ramping...

ExxonMobil and its partners recovered about US$6.6 billion in costs from Guyana’s oil sector in the first half of 2025, the Ministry of Finance said in its mid-year report. The report, released on Monday, reflects the continued recouping of...