President of PDVSA and Minister of Petroleum for Venezuela, Rafael Tellechea, said the company, as well as Shell and the National Gas Company of Trinidad and Tobago, signed a license for the development of the Dragon gas field, in...
Oil production in Guyana hit the half a million barrels per day milestone at the close of November with the addition of the Prosperity floating production, storage and offloading (FPSO) vessel at the ExxonMobil-operated Stabroek Block. This is according to...
In a recent telephone conversation with Venezuelan President Nicolas Maduro, Russian President Vladimir Putin advocated for “a settlement of the territorial dispute between Venezuela and Guyana through political and diplomatic means.” The discussion, held on December 21, 2023, touched...
DOF Subsea has recently clinched two significant decommissioning contracts.
The first project involves an exclusive purchase and removal deal (EPRD) for a North Sea operator, encompassing a comprehensive scope of services. DOF will spearhead project management, engineering, logistics, and execution...
The global landscape for high-impact wells (HIWs) in 2024 is poised for significant activity, with a predominant focus on the Caribbean, Latin America and Africa, according to a new S&P Global Commodity Insights report. This follows a successful 2023,...
ExxonMobil Guyana Limited (EMGL) is actively searching for warehouse facilities in strategic locations across Guyana to improve its operational capacity and logistics network.
The company has identified various areas, including:
Georgetown: EMGL views the capital as vital for its logistical operations...
TotalEnergies' concerted efforts in expanding its portfolio in Suriname's offshore basin, notably with the recent signing of a production sharing contract for Block 64 alongside QatarEnergy and Petronas, hold significant promise for the country's offshore oil production landscape.
Block 64,...
David Goldwyn, President of Goldwyn Global Strategies LLC, and former US State Department’s special envoy and coordinator for international energy affairs, recently delved into the implications of Venezuela's heightened claim on Guyana's Essequibo region and its impact on U.S....
Ten years ago this month, Guyanese company Muneshwers Limited acquired a 30-acre property on the outskirts of Georgetown, the country’s capital city, with a plan to pursue development of a container terminal for its shipping business.
But following ExxonMobil’s worldclass...
In its most recent economic review of Guyana, the International Monetary Fund (IMF) has predicted a transformative shift in Guyana's budget financing and debt dynamics over the next decade, from 2023 to 2033, propelled by a significant surge in...
