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MODEC’s Guyana contract drives 1,327% surge in orders for 2025

OilNOW -
Japan-based floating production specialist MODEC Inc. has reported strong results for the first nine months of 2025, driven by a new contract with ExxonMobil Guyana Limited for the Hammerhead development in the Stabroek Block.  The company said orders received totaled...
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Kuldipsingh’s long game pays off as Surinamese port lands major TotalEnergies contract

Shikema Dey -
Kuldipsingh Port Facility has secured a 10-year contract from TotalEnergies EP Suriname after spending years upgrading its operations to meet international oil and gas standards.  The deal, announced on November 14, will see the company develop and operate an Integrated...
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Suriname set to host region’s first floating liquefied natural gas facility

OilNOW -
Suriname is preparing to host what industry analysts describe as the region’s first floating liquefied natural gas (LNG) facility, after the Sloanea gas field in offshore Block 52 was declared commercial.  Malaysian state oil company Petronas and Suriname’s national oil...
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Payara still leads ExxonMobil’s record-breaking ramp-up offshore Guyana

OilNOW -
ExxonMobil’s Payara project continues to hold the record for the fastest production ramp-up among all oil developments in Guyana’s offshore Stabroek Block. Production from the Prosperity floating production, storage and offloading (FPSO) vessel began in November 2022 and hit 220,000...
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New play concept targets Aptian carbonates in Suriname’s Demerara High

OilNOW -
A new frontier play concept is being tested in Suriname’s deepwater as TotalEnergies and Shell explore the potential of Aptian-age carbonates on the Demerara Plateau. According to a November 11 report from global energy magazine GeoExPRO, the Macaw-1 well in...
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ExxonMobil expands offshore surveys to advance next phase of Guyana’s oil developments

OilNOW -
ExxonMobil Guyana Limited (EMGL) has expanded its offshore data acquisition work, with new geotechnical, underwater, and seismic surveys underway across the Stabroek Block. According to a notice from the Maritime Administration Department, geotechnical surveying operations commenced on November 15 and...
News

Guyana’s October crude oil exports went to 14 countries

Kemol King -
Guyana exported a record 28 crude oil cargoes in October, its highest monthly total to date, as offshore production continued to climb with ExxonMobil’s new Yellowtail project. Data compiled from the Maritime Administration Department (MARAD) and ship-tracking platforms MarineTraffic,...
News

Ramsaroop urges businesses to ‘follow the money’ and align with Guyana’s national development agenda

OilNOW -
Guyana’s Chief Investment Officer, Dr. Peter Ramsaroop, urged local entrepreneurs to align their ventures with the nation's economic priorities, emphasizing strategy, passion, and readiness for growth.  He was speaking at the Georgetown Chamber of Commerce and Industry’s (GCCI) Business Development...
News

Longtail project to mark beginning of Guyana’s new gas chapter – ExxonMobil’s Routledge

OilNOW -
ExxonMobil Guyana President Alistair Routledge says the upcoming Longtail development will open a new chapter in Guyana’s energy journey, marking the country’s entry into large-scale gas development. He was speaking at the Berbice Development Summit, where he outlined how...
Stories Beyond the Barrel

Clement Sankat: The Engineer building Guyana’s future through education

Shikema Dey -
Few academics in the Caribbean have shaped as many institutions as Professor Clement Sankat. The chartered mechanical engineer and veteran educator has spent more than four decades using education to fuel national development, from expanding universities in Trinidad and...
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NewsOilNOW -

MODEC’s Guyana contract drives 1,327% surge in orders for 2025

Japan-based floating production specialist MODEC Inc. has reported strong results for the first nine months of 2025, driven by...

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