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SBM Offshore on Thursday announced its new brand positioning – TRUE. BLUE. TRANSITION. Powered by the ocean, the company said via its LinkedIn page that this move reflects its commitment to being part of the solution, striving towards better energy...

One-third of Frontera Energy’s 2023 capital expenditure budget will be spent on its operations in Guyana, said Chief Executive Officer (CEO) Orlando Cabreles. Frontera’s CAPEX spend this year, Cabreles said, should fall between US$385 million and US$440 million. “.. and one-third...

Deputy General Manager of the Guyana Shore Base, Rabin Chandarpaul was happy to report that the facility touched another safety milestone, hitting 1,000 days without any lost time incidents. Lost time incidents are accidents that occur when a worker sustains...

Guyana’s hydrocarbon discoveries with considerable portions of natural gas are in the southeastern part of the Stabroek Block near the border with Suriname, according to a Ministry of Natural Resources map published in its 2023 Energy Brief. Guyana’s Finance Minister,...

Subsea7 said two contracts have been awarded to a joint venture it has entered into with DeepOcean for the Irpa and Verdande field developments, located in the Norwegian Sea. The fields are operated by Equinor. The Irpa field development project, located...

Executive Co-Chair of CGX Energy’s Board of Directors, Professor Suresh Narine said the exploration drilling of the Wei-1 well is “going extremely well”. He said the team, being led by Director of Drilling Kevin Lacey, is currently focused on the...

Guyana is set to pay ExxonMobil Guyana US$55 million each year in recovery costs for the massive gas pipeline being built by the oil giant for its landmark gas-to-energy project. This update was provided by Winston Brassington, Head of Guyana’s...

By 2027, Guyana oil production is expected to hit 1.2 million barrels per day (bpd), making it the second largest producer in South America, after Brazil, based on current output across the region. Liam Mallon, ExxonMobil’s Upstream President confirmed the...

Guyana’s consideration to possibly establish a national oil company has been shelved, Vice President Dr. Bharrat Jagdeo said at the International Energy Conference. Instead, South America’s rising oil star will be focusing efforts on more direct government-to-government engagements for oil...

Noble Corp’s Noble Innovator was the largest ever to touch Aberdeen waters. The jack-up rig arrived at the new £400 million Aberdeen South Harbour on Feb. 11 for scheduled maintenance, after which it will depart for the central North Sea...