Crude oil production at the ExxonMobil-operated Stabroek Block averaged 608,000 barrels per day (b/d) in the first 10 months of 2024. Combined output from the three projects—Liza 1, Liza 2 and Payara—have shown they can sustain 660,000 b/d. However,...
Petrobras has launched the divestment process for its 25% minority stake in the Tartaruga field, located in shallow waters off Pirambu, Sergipe, in the Sergipe-Alagoas Basin. The field is operated by SPE Tiêta, a subsidiary of Petrorecôncavo, which holds...
Since 2016, Donella Long, Founder and Chief Executive Officer of The Balance, has been transforming Guyana’s hospitality landscape. Her company provides professional staffing solutions for events, including waiters, bartenders, mixologists, and cleaners. Known for its exceptional service and attention...
The construction of the oil and gas training facilities at the Guyana Technical Training College (GTTCI) in Port Mourant, Berbice, is progressing steadily, with the completion date now set for October 2026.
President Irfaan Ali announced the updated timeline on...
ExxonMobil, Hess and CNOOC are not backing out of talks with the Guyana government for a shallow water block they were awarded after the country’s first offshore auction.
Guyana's Vice President, Bharrat Jagdeo, said during a Thursday press conference that...
Shell, McDermott, and Trinidad Offshore Fabricators Unlimited (TOFCO) hosted a ceremonial steel-cutting simulation this week at the TOFCO Yard, La Brea Industrial Estate. The event marked the start of local fabrication for the Manatee Project’s platform jacket, the largest...
Guyana's Vice President, Bharrat Jagdeo, announced during a November 28 press conference that the United States Export-Import Bank (EXIM Bank) has given preliminary approval for a loan exceeding US$500 million to support Guyana's Gas-to-Energy project. Initially, the government applied...
Eco (Atlantic) Oil & Gas Ltd. has reaffirmed its focus on Guyana, a key area for hydrocarbon exploration, where ExxonMobil has found more than 11 billion barrels of oil equivalent resources since 2015. In its unaudited results for the...
The U.S. holds firm on its position as the world’s top producer of oil.
New data from the U.S. Energy Information Administration (EIA) Petroleum Supply Monthly shows that the country produced 13.4 million barrels of oil per day (MMb/d) in...
Petrobras plans to deploy 10 new offshore production systems by 2029, focusing on efficiency and lower emissions. The company in a recent report said nine systems are already contracted, with five additional projects in progress and six under study.
Petrobras...
