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Eco (Atlantic) Oil & Gas Ltd. has completed a farm down of its 13.75% interest in Block 3B/4B offshore South Africa. The transaction involved the transfer of operatorship to TotalEnergies following regulatory approval. Eco Atlantic now holds a 6.25%...

UK-based CRP Subsea has been awarded a “major” contract from an unnamed “leading energy technology company,” for an offshore oil field project located approximately 200 kilometers off the northern coast of Guyana. The announcement was made by AIS, CRP Subsea’s...

ExxonMobil released its Global Outlook 2050, which projects oil and gas will continue to take up a majority of energy demand.  Exxon projects that energy demand will rise in 2025 from 600 quadrillion British thermal units (BTU) to 664 quadrillion...

Guyana Shore Base Inc. (GYSBI), in collaboration with Muneshwers Limited and its Joint Venture partners, has hired 76 individuals on the spot during a job fair held at the Everest Cricket Club. The event was part of a broader...

Crude oil production at the ExxonMobil-operated Stabroek Block decreased significantly in July due to temporary shutdowns at the Liza field. Government data shows output at 427,000 barrels per day (b/d) in July, down 34% from 644,000 b/d in June. Monthly...

bp Trinidad and Tobago (bpTT) and EOG Resources Trinidad Limited (EOG) have announced a joint venture to develop the Coconut gas field, located off the southeast coast of Trinidad in the Columbus Basin.  The partnership, structured as a 50/50 joint...

Guyana now produces more hydrocarbons in the Caribbean region than veteran producer Trinidad and Tobago (TT).  Data from TT's Ministry of Energy and Energy Industries shows oil and condensate production of 50,246 barrels per day (b/d) in the first four...

Block 52 off the coast of Suriname is showing some promise with discoveries made by Malayasian operator, Petronas. So much so that the company is mulling what could be Suriname’s first standalone gas development.  Petronas already hinted at a floating...

Guyana’s Natural Resource Fund received US$1.38 billion (GY$288.35 billion) in revenue from oil sales and royalties in the first half of 2024. This amounted to approximately US$7.6 million (GY$1.58 billion) per day.  Payments were included for 15 million-barrel lifts of...

ExxonMobil has made over 30 discoveries in Guyana’s Stabroek Block, but none have managed to boot the Ranger-1 well from its rank as the deepest to ever be drilled. The Ranger discovery, made in 2018,...