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Guyana seeks more carbon credit deals to fund climate goals

Guyana is pursuing new carbon credit agreements to support its climate adaptation and mitigation efforts, Minister of Natural Resources Vickram Bharrat has confirmed. “We are open to engagement with any company,” Bharrat told S&P Global during an interview in April....

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 steepest since 2016. This is according to the International Energy Agency (IEA) in its World Energy Investment 2025 report, released...

From curiosity to career: Trainee Derrickman finds purpose on Stena DrillMAX

Steve Sirkissoon has always been fascinated by the offshore world. Now, as a trainee derrickman aboard the Stena DrillMAX, he's living that dream. “It's a relatively new industry in our country, but I have always been interested in offshore working...

Trinidad PM’s ‘deadly force’ warning to Venezuela sparks concern from Young about gas project

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...

400 Guyanese supporting Noble’s offshore operations 

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...

SBM Offshore exits Equatorial Guinea with sale of FPSO Aseng Stake

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...

Applications open for GTTCI Instructor roles to support offshore oil training

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...

Guyana cemented as core pillar in ExxonMobil’s global oil strategy

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...

Exxon-led group assets in Guyana jump 23% to US$34 billion, boosting spill response capacity 

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...

Eco Atlantic targets high potential wells in Guyana’s Orinduik Block

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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MODEC to introduce new offshore training programme in Guyana 

MODEC is expected to unveil a new training programme to bolster Guyana’s existing offshore capabilities, Country Manager Rafeal Fumis...