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IEA warns of major drop in oil investment as clean energy gains momentum

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Upstream oil investment is expected to decline by 6% in 2025, marking the first drop since 2020 and the steepest since 2016. This is according to the International Energy Agency (IEA) in its World Energy Investment 2025 report, released...
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Trinidad PM’s ‘deadly force’ warning to Venezuela sparks concern from Young about gas project

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Trinidad and Tobago’s Prime Minister Kamla Persad-Bissessar has warned that deadly force will be used against unidentified vessels entering the country’s waters from Venezuela, prompting criticism from former Prime Minister Stuart Young. Young warned that the move could jeopardize...
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400 Guyanese supporting Noble’s offshore operations 

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Noble Corporation says it continues to prioritize the development of Guyanese talent as part of its offshore operations. According to its 2024 Sustainability Report, all offshore assets are staffed with Guyanese doctors. The company said it works with more than...
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SBM Offshore exits Equatorial Guinea with sale of FPSO Aseng Stake

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SBM Offshore has signed a share purchase agreement to sell its entire equity interest in the lease and operating entities of the FPSO Aseng to GE Petrol, Equatorial Guinea’s national oil company. “The sale is in line with SBM Offshore’s...
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Applications open for GTTCI Instructor roles to support offshore oil training

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The Government of Guyana is inviting applications for eight Instructor positions at the new Guyana Technical Training College Incorporated (GTTCI), currently under construction in Port Mourant, Berbice. The initiative is being spearheaded through the Office of the President. Selected applicants...
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Guyana cemented as core pillar in ExxonMobil’s global oil strategy

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ExxonMobil has reaffirmed Guyana’s growing importance within its global operations, with Business Services Manager John Colling declaring that the South American nation will remain a “very important component” of the company’s production strategy for years to come. ExxonMobil currently has...
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Exxon-led group assets in Guyana jump 23% to US$34 billion, boosting spill response capacity 

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A sharp rise in the combined asset base of Stabroek Block co-venturers ExxonMobil, Hess, and CNOOC, has strengthened the consortium’s ability to financially respond to a potential offshore oil spill.  The three companies reported total assets of US$34.3 billion at...
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Eco Atlantic targets high potential wells in Guyana’s Orinduik Block

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Eco Atlantic Oil & Gas has identified new drill targets in its Orinduik Block offshore Guyana, according to its 2025 Investor Presentation released this week.  The names of the exploration prospects were not listed. However, last March, Eco Atlantic identified...
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Apple taps 100,000 Guyana rainforest credits to offset its 2024 emissions

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Apple has purchased 100,000 carbon credits from Guyana’s national forest protection program to help offset its corporate and product emissions for 2024, as stated in its 2025 Environmental Progress Report.  These credits, each representing the reduction or removal of one...
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$10.5 billion GranMorgu project could reshape Suriname’s economy over the next decade

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Suriname is already an oil-producing country, with Staatsolie, its national oil company, operating onshore fields since the 1980s. However, the October 2024 Final Investment Decision (FID) by TotalEnergies and APA Corporation marked a pivotal moment: the shift toward offshore...
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IEA warns of major drop in oil investment as clean energy gains momentum

Upstream oil investment is expected to decline by 6% in 2025, marking the first drop since 2020 and the...

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