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Trinidad President Christine Carla Kangaloo declared a state of emergency, the government announced Monday morning. The twin-island nation is grappling with a crisis of violent crime, marked by an increase in homicides. Energy Minister Stuart Young said on December 30...

With more than 30 discoveries made offshore Guyana, ExxonMobil has a line of sight for the addition of eight floating production, storage, and offloading (FPSO) vessels by 2027, a goal that is expected to see oil production reach 1.7...

Shanghai Waigaoqiao Shipbuilding (SWS) has signed a contract with SBM Offshore to construct the hull of a sixth 2.3 million-barrel floating production, storage, and offloading (FPSO) unit.  The agreement was finalized on December 20. SBM Offshore completes US$1.5 billion financing for...

ExxonMobil commenced maintenance on the Liza Destiny floating, production, storage and offloading vessel (FPSO) within Guyana's Stabroek Block on December 20, 2024.  According to a notice from the Maritime Administration Department (MARAD), the activities are expected to conclude by December...

Chinese contractor Dalian Shipbuilding Industry Company (DSIC) has launched the Errea Wittu floating production, storage, and offloading (FPSO) vessel, Upstream Online said on Dec. 26.  It is the fifth FPSO designed for ExxonMobil’s Stabroek Block offshore Guyana. Errea Wittu FPSO hull...

The Export-Import Bank of the United States (EXIM) confirmed that its Board approved a $526 million loan to Guyana in support of the country’s landmark Gas-to-Energy project.  The financing from the transaction will aid the construction of a natural gas...

ExxonMobil continues drilling at the Haimara-3 well, appraising its Haimara-1 gas discovery of 2019. Guyana’s Maritime Administration Department (MARAD) said the Stena Carron rig will be engaged in drilling at the Stabroek Block, with the operation set to conclude by...

US-based group Lindsayca-CH4 said two state-of-the-art steam turbines and two oil tanks arrived in Guyana on December 21, 2024.  The infrastructure, the group said, are critical components for the Gas-to-Energy project. “These assets have been safely transported and will be...

Guyana’s marketers secured deals totaling US$1.929 billion in revenue for the sale of approximately 24 million barrels of crude in the first 11 months of 2024. The crude—taken from Liza 1, Liza 2 and Payara—sold at an average of US$80...

SBM Offshore said the multi-purpose floater (MPF) 5 has arrived at the Seatrium yard in Singapore. The hull is the base vessel for the Jaguar floating production, storage and offloading (FPSO) vessel bound for Guyana.  With the hull’s safe arrival...