The new four-lane high-span Demerara bridge will be completed on August 31, 2025.
The bridge is now 61.72% completed, and is one of several major projects expected to be completed in Guyana this year. The new bridge will be instrumental...
Staatsolie said Suriname’s first oil development in the shared basin could cost US$13.2 billion. This would represent the highest development expense for such a project, costing more than any of the six projects already sanctioned for nearby Guyana in the same...
Global upstream investments are forecast to drop by 2% in 2025, marking a slowdown after years of growth, according to Rystad Energy.
Despite the overall decline, deepwater investments are set to rise by 3%, supported by projects in Suriname, Mexico,...
MODEC Guyana is soliciting proposals for the supply, servicing, and calibration of portable gas detectors to support operations on the UARU Floating Production Storage and Offloading (FPSO) unit.
MODEC said it aims to enhance safety and operational risk management for...
The Brazilian government has enacted Law 15,075/2024, introducing significant changes to the regulation of local content and production sharing agreements in the oil and gas sector. Effective December 26, 2024, the law aims to boost investments and optimize the...
Denzil Southwell, a young Guyanese man from Sandvoort Village, Berbice, has quickly risen through the ranks in the offshore oil and gas industry, serving as Assistant Oxide Driller with Noble Drilling. Just three years ago, Denzil saw a job...
The year 2024 marked pivotal advancements in Guyana's oil and gas sector, cementing the country's position as a key player in the global energy market. Here’s a look at the stories that made waves this year, highlighting the industry's...
Every year, Guyana's oil and gas sector seems more monumental than the last. Lots of watershed moments are expected in 2025. Guyana will take its place as the world's largest per capita producer of crude oil.
Here’s what to look...
Noble Corporation announced on Monday that it has entered an agreement with PETRONAS Suriname E&P B.V. for the high-specification semisubmersible rig Noble Developer to drill three wells offshore the South American country.
Noble said the contract is expected to commence...
ExxonMobil Guyana sustained stable production at its Stabroek Block projects in November 2024, accumulating 205 million barrels since the year began, at an average rate of 612,000 barrels per day (b/d). The barrels are shared between Exxon, Hess, CNOOC...
