Featured

Venezuela’s Petroquiriquire oil asset is set to increase output following a new agreement between Repsol, the Venezuelan government, and Petróleos de Venezuela, S.A. (PDVSA), with production expected to rise by 50% within 12 months and triple over three years...

PARAMARIBO, SURINAME – A new training initiative targeting vocational teachers is being rolled out in Suriname, as industry and government partners move to strengthen the country’s future workforce amid offshore oil and gas development. Led by TotalEnergies EP Suriname B.V....

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...

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 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...

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 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...

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 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...

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...