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MODEC Guyana has launched two workforce development initiatives to prepare Guyanese for careers supporting the country’s offshore oil industry. While both programs are designed to lead to long-term employment with the company, they target different applicants and follow different...

Guyana is approaching oil production of one million barrels per day (b/d), less than seven years after the country produced its first commercial crude from the ExxonMobil-operated Stabroek Block. Production from four offshore projects averaged 903,000 b/d in April 2026,...

Three subsea structures fabricated by Navantia UK have been installed offshore Trinidad and Tobago as part of infrastructure being delivered for Shell’s Manatee gas development. Navantia UK said on July 17 that a pipeline end termination structure and two adjustable...

The Guyana government said the MV Barima has been found on the seabed, with recovery operations now underway. In an update issued on Monday afternoon, the government said the vessel’s location was positively identified following coordinated efforts by various stakeholders. The...

ExxonMobil deployed three vessels and a diving team to support the search-and-rescue operation following the capsizing of the MV Barima off Guyana’s Essequibo Coast, government officials said during a press conference on Sunday evening. The company’s support formed part of...

Hunting PLC secured US$63.5 million in orders for its titanium stress joint product line during the first half of 2026, with continued contract momentum in Guyana supporting its subsea performance. The precision engineering group reported on July 15 that its...

For years, the fastest route into Guyana's oil industry appeared to lead offshore. Today, another pathway is emerging. As ExxonMobil Guyana and major contractors, including SBM Offshore, Halliburton, SLB, and Guyana Shore Base Inc. (GYSBI), expand the use of artificial intelligence,...

The need for artificial intelligence (AI) data centers is creating new demand for reliable electricity, with developers increasingly seeking alternatives to traditional grid connections. SLB and Liberty Energy have formed an alliance to provide modular infrastructure and power generation solutions...

Recent exploration and licensing activity indicates that investors are positioning Suriname as a long-term offshore growth market rather than a country dependent solely on the GranMorgu oil project, according to Rystad Energy. The research firm said the central question is...

Venezuela’s ability to increase oil production in the coming years will depend less on discovering new resources and more on rebuilding the oilfield services needed to support existing fields, according to a July 12 report from Rystad Energy. The research...