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SBM Offshore looking for next cohort of Guyanese trainee technicians

SBM Offshore Guyana is inviting applications for its Trainee Technician Program, with a deadline set for May 24, 2026, as the company continues efforts to build technical capacity for offshore operations. The program targets roles in electrical, mechanical, instrumentation and...

Noble reports US$743M revenue, higher earnings in Q1 2026 on improved rig utilization

Noble Corporation plc reported first-quarter 2026 results on April 26, with higher revenue and earnings driven by improved fleet utilization. The company said contract drilling services revenue totaled US$743 million in the first quarter, up from US$705 million in the...

ExxonMobil Guyana production holds stable at 914,000 b/d in first quarter

Crude production offshore Guyana averaged about 914,000 barrels per day (b/d) in the first quarter of 2026, as output from the ExxonMobil-operated Stabroek Block’s four producing projects remained stable. Government data show total production reached approximately 82.2 million barrels for...

Offshore safety zones protect oil and gas installations, workers, and marine users

Offshore safety zones are controlled maritime areas set around oil and gas installations to reduce risks to infrastructure and seafarers. They are a standard feature of offshore production and expand as activity increases in marine environments. Safety zones are established...

Major oil companies focus on ultra-deepwater in Guyana’s offshore expansion, but why?

Ultra-deepwater oil operations involve drilling in water depths greater than 5,000 feet (1,524 meters), where production takes place far below the ocean surface using complex subsea systems linked to floating production, storage, and offloading (FPSO) vessels. In Guyana, this activity...

Touchstone completes major logistics operation in Trinidad, ministry says

Touchstone Exploration Trinidad Ltd has completed one of its largest logistics operations in recent years, Trinidad and Tobago’s Ministry of Energy and Energy Industries said on Friday, as the company moves to boost gas output from its Cascadura field. The...

SLB sees 2026 project approvals topping $100 billion, with Guyana offshore a key growth area

Global oil and gas project approvals are on track to exceed US$100 billion in 2026, driven by renewed momentum in offshore and deepwater developments, SLB Chief Executive Olivier Le Peuch said on the company’s Q1 earnings call on Friday. This,...

Guyana flagged as hotspot as majors target ultra-deepwater to close 300-billion-barrel gap — Wood Mackenzie

Guyana is among the key areas attracting high-impact offshore exploration as major oil companies increase investment in ultra-deepwater drilling to secure future supply, according to an April 23 analysis by Wood Mackenzie. The report said recent discoveries by ExxonMobil offshore...

Zero routine flaring systems standard on Guyana’s FPSOs, cutting emissions through gas reinjection

Systems to prevent routine flaring are standard across major offshore developments in Guyana. Integrated systems on floating production, storage, and offloading (FPSO) vessels capture natural gas which is currently being extracted alongside oil from offshore fields.  This oil-linked gas is...

Guyana’s carbon credit sales generated US$69 million for Indigenous communities, as carbon sink remains robust – Minister

Guyana continues to maintain its status as a carbon-negative country, according to Sarah Browne-Shadeek, Minister of Amerindian Affairs, who said the country’s forest-based climate model under the Low Carbon Development Strategy (LCDS) has also generated GY$14.4 billion (approximately US$69...

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Suriname touts low-cost, low-carbon edge as it considers incentives for offshore gas

Suriname is positioning its offshore sector as a low-cost, low-carbon investment opportunity as it considers incentives to attract more...