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How FPSOs in Guyana’s waters work and why they matter

Guyana’s offshore oil production is driven by floating production, storage and offloading (FPSO) vessels, with four units currently operating: Liza Destiny, Liza Unity, Prosperity and ONE GUYANA. These vessels, built and operated by SBM Offshore for the ExxonMobil‑led consortium, are...

Petrobras exercises preemptive right to regain 100% ownership of key Campos Basin assets in Brazil

Petrobras has exercised its preemptive right to acquire a 50% stake in the Tartaruga Verde field and Module III of the Espadarte field in the Campos Basin offshore Brazil, the company said in a March 16 release. Petrobras continues to...

Guyana drilling surges as ExxonMobil and Halliburton deliver first fully automated closed-loop well placement

Halliburton and ExxonMobil Guyana Limited have completed the industry’s first fully automated closed-loop well placement offshore Guyana, the companies said in a March 16 release. The project was carried out with Sekal, Noble, and the Wells Alliance Guyana team. The...

Guyana, T&T could benefit from higher hydrocarbon prices amid US–Iran conflict – TT Energy Chamber

Energy-producing nations in the Caribbean, including Guyana and Trinidad and Tobago, could see increased revenues as global oil prices rise amid escalating tensions involving the United States and Iran, according to the Energy Chamber of Trinidad and Tobago. Middle East...

ExxonMobil presses ahead with development drilling at Uaru

ExxonMobil Guyana Limited (EMGL) will continue development drilling at the Uaru Project’s UA_4P04 drill center in the Stabroek Block offshore Guyana, according to a notice from the Maritime Administration Department (MARAD). Operations began on March 12, 2026, within Guyana’s Exclusive...

Oil prices stabilized on Monday, as US allies reject Trump’s call for naval group to open Strait of Hormuz 

Oil prices eased by 1% on Monday as U.S. allies rejected President Donald Trump's repeated calls for help to unblock the Strait of Hormuz.  “Brent crude futures fell 92 cents to US$102.22 per barrel by 1248 GMT, while U.S. West...

ExxonMobil’s Longtail FPSO specs cater for higher production

Design specifications for the floating production vessel planned for ExxonMobil's proposed Longtail project in Guyana allow for higher production, according to the environmental impact assessment (EIA) report submitted by ExxonMobil. This could facilitate increased hydrocarbon production once initial levels...

Letter-to-the-Editor: Women in Guyana’s energy sector inspire the next generation

Dear Editor,  Recently, while scrolling through social media, I came across many heartfelt acknowledgements celebrating women especially those working in Guyana’s oil and gas sector. As a young woman, hearing the stories was truly inspiring. For a long time, industries like...

Thousands of teachers and students in Guyana are expected to feel the impact of ExxonMobil’s STEM investment

ExxonMobil is positioning long-term science and engineering education as central to Guyana’s workforce development, with executives and students underscoring the impact of hands-on learning and expanded access to technical training. In a video released by the company on February 4,...

Exxon completes environmental study for Guyana’s first non-associated gas project

ExxonMobil has submitted the environmental impact assessment and environmental impact statement for the proposed Longtail development offshore Guyana, a key step toward the country’s first non-associated gas project. The documents were filed with the Environmental Protection Agency, according to a...

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More Guyanese need to know this

Dear Editor, I recently came across a point about local content that I believe more Guyanese need to understand. From...