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Trinidad hopeful new exploration will uncover nearly 60 tcf of gas

Trinidad and Tobago is optimistic about new exploration efforts that could unlock nearly 60 trillion cubic feet (tcf) of natural gas.  “Exploration resources stand at 58.84 tcf and offer much promise for the exploration to be undertaken by successful companies...

Chevron to cut up to 20% of global workforce amid expansion, legal hurdles

Aiming to cut costs and streamline operations amid expansion efforts and a legal dispute, Chevron plans to reduce its global workforce by 15% to 20% by the end of 2026.  The legal dispute involves ExxonMobil over the acquisition of the...

“Almost there” – ExxonMobil Guyana prepares to move into new ‘state-of-the-art’ HQ

ExxonMobil Guyana is preparing to move into its Kanuku building, a US$160 million state-of-the-art headquarters in Ogle, East Coast Demerara. The building is nearing completion and is anticipated to improve offshore operations. President of ExxonMobil Guyana, Alistair Routledge said that...

Eight Guyanese form first cohort of MODEC’s trainee program in Guyana

Eight Guyanese have been selected for the inaugural cohort of MODEC's newly launched trainee program in Guyana, designed to offer global training, hands-on experience, and career development. A commencement ceremony was held on February 13 at the Centre for Local...

Suriname looking to build out carbon trading industry, following in Guyana’s footsteps 

Suriname wants to position itself as a leader in carbon trading as part of its broader transition to renewable energy. The country is preparing to venture into the offshore oil production industry with its first development, Gran Morgu. Even...

Guyanese shipping rivals merge to modernize port industry with US$14 million mobile cranes 

Guyana’s shipping industry has taken a major leap forward with the introduction of mobile harbor cranes, allowing gearless vessels to dock and be serviced efficiently for the first time. The initiative is led by Cranes Guyana Inc., a new...

World’s fastest growing economy to showcase investment-ready sectors at OTC 2025

The Georgetown Chamber of Commerce & Industry (GCCI) is set to lead a broad delegation to the Offshore Technology Conference (OTC) 2025, taking place from May 5–8 at NRG Stadium in Houston, Texas. The delegation includes corporate partners, Brava and...

Exxon to target Hamlet-1 well in search of oil play in southeastern portion of Stabroek Block

ExxonMobil is set to drill the Hamlet-1 exploration well this year as it pushes deeper into the southeastern part of the prolific Stabroek Block in search of a new oil play.  That portion - near the Suriname border - has...

Payara production hits 100 million barrels – Exxon

ExxonMobil Guyana’s Payara development surpassed 100 million barrels this week, the company announced via LinkedIn.  “The Payara project started up just 15 months ago – it’s our third Guyana production project. Later this year, we look forward to starting up...

SBM Offshore looking at early start for local capacity development in Suriname  

SBM Offshore is working to lay the foundation for capacity building and local content development in Suriname as it looks towards delivering the first FPSO for TotalEnergies' Gran Morgu project, set to begin production in 2028. Pierre Gaté, Country...

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100% of scaffolding, transportation, immigration support services being provided by Guyanese to oil sector 

Local businesses in Guyana are now providing 100% of several key services to the oil and gas sector, showing...