Featured

South America’s upcoming oil developments, including several in Guyana, are gaining increased importance due to recent developments in the Middle East, Norway-based Rystad Energy said in an April 21 analysis. “The Middle East conflict has done more than spike oil...

ExxonMobil Guyana has awarded a limited notice to proceed (LNTP) to Italy’s Saipem, related to its proposed Longtail project in Guyana, signaling a future full contract award that Saipem said could be worth up to US$1.5 billion. The Italian engineering...

Halliburton reported stronger performance in Latin America in the first quarter of 2026, with revenue rising 22% year over year to US$1.1 billion, driven by increased activity across multiple oilfield service lines, according to its April 21 earnings release. According...

Guyana has opened up an estimated US$340 million in gas-based investment opportunities linked to the Wales Gas-to-Energy project, with the government noting that local investors will be prioritized. According to the Department of Public Information (DPI), the Office of the...

Guyana’s offshore oil surge continues to rank among the world’s fastest-growing conventional developments, but its pace is being outstripped by shale, as upstream companies renew efforts to expand unconventional supply globally, according to Wood Mackenzie’s April report.  The report indicates...

Eni and Repsol have reached an agreement with Venezuela to increase domestic gas supply from the Perla offshore field before targeting exports with higher production by 2031, according to an April 20 Bloomberg report. The field in the Gulf of...

ExxonMobil Guyana will continue development drilling at the Uaru Project’s UA_3P08 drill center in the Stabroek Block as work advances on one of Guyana’s largest sanctioned offshore developments. The development drilling campaign, according to a recent notice from the Maritime...

The return of Venezuelan crude to international markets could support efforts to restart refinery operations in Trinidad and Tobago, the Energy Chamber of Trinidad and Tobago said in a statement on April 20, pointing to renewed shipments into the...

The ONE GUYANA floating production, storage and offloading vessel (FPSO) has received the American Bureau of Shipping (ABS) SUSTAIN-1 notation, SBM Offshore announced on Monday.  The company stated, “FPSO ONE GUYANA has received the ABS SUSTAIN-1 notation, marking another step...

Guyana’s capping stack is a critical offshore oil spill response asset designed to rapidly contain a subsea well blowout, strengthening the country’s emergency preparedness as oil production expands. What is a Capping Stack? A specialized subsea device used to seal a...