Featured

Oilfield services giant Schlumberger (SLB) has achieved a net profit of US$4.2 billion in 2023, marking a 22% increase and establishing a record year for its Middle East operations in terms of revenue. The company posted a total revenue...

The Guyana-Suriname basin is projected to add 950,000 barrels of oil per day (b/d) to market supply, with four projects to come on stream in the period 2025-2028. One floating production, storage and offloading (FPSO) vessel will start operations...

France-based marine seismic data company CGG has agreed with the Ministry of Energy and Energy Industries of Trinidad and Tobago to reimage vintage 3D seismic data from four deepwater offshore blocks.  The project, covering blocks 25a, 25b, 26, and 27...

Multinational oilfield services company Halliburton has reported a fourth-quarter income of US$661 million, or $0.74 per diluted share, for 2023. The company witnessed a robust demand for oilfield services and equipment, particularly in international markets. Halliburton's international revenue recorded...

Consultancy Group Wood Mackenzie said that the exploration landscape in Guyana’s Stabroek block is poised for unexpected and positive results, following Chevron’s acquisition of Hess.  “After Chevron´s strategic move in Guyana, exploration in Stabroek block can still surprise with good...

Guyana's National Procurement and Tender Administration Board opened bids for the design, supply, installation, testing, and commissioning of 16.84 kilometers (km) of 13.8-kilovolt (kv) transmission lines and communication infrastructure, on Jan. 11. This project is critical for connecting the...

Trinidad and Tobago’s next step to access the Dragon gas field has begun, according to its Minister of Energy and Energy Industries, Stuart Young. Speaking during the Trinidad and Tobago Energy Conference 2024 in Port-of-Spain on Jan. 22, Young reported...

The International Energy Agency (IEA) forecasts a record-breaking global oil supply of 103.5 million barrels per day (b/d) in 2024. Guyana leads the production surge alongside the United States, Brazil and Canada, contributing to a collective increase of 1.5...

Eco (Atlantic) Oil & Gas said in a Jan. 22 update that two of its partners in the Guyana Orinduik license, TotalEnergies and QatarEnergy, have relinquished their working interest.  This follows the August 2023 announcement of Tullow’s exit by selling...

Latin America is poised for a surge in deepwater investments, with regional capital expenditures (CAPEX) expected to surpass US$25 billion in 2024, as outlined in Wood Mackenzie’s newest report titled: ‘Latin America upstream: 5 things to look for in...