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MODEC has completed the first steel cutting for the Hammerhead floating production, storage and offloading (FPSO) vessel more than a month ahead of schedule. MODEC made the announcement today via LinkedIn.  The steel cut ceremony marked the start of fabrication...

The Energy Industries Council (EIC) said a growing pipeline of offshore contracts is emerging in Guyana and Suriname as multiple projects advance toward final investment decisions, creating near-term opportunities for the global energy supply chain. The update was provided by...

A February 4 analysis published by Forbes magazine has pointed to Guyana’s stable and predictable contractual framework as a central reason the country has surged ahead of Venezuela in South America’s oil sector. The article, written by Senior Contributor Robert...

ExxonMobil Guyana Limited plans to establish a services agreement for offshore geotechnical investigations and environmental baseline surveys in Guyana’s deepwater acreage. The operator is seeking suppliers capable of delivering a full suite of geotechnical and environmental services across prospective project...

According to the recently released 2023 Extractive Industries Transparency Initiative (EITI) report, Guyana’s extractive revenues totaled US$1.97 billion (approx. GY409.26 billion), with the oil and gas sector accounting for $1.879 billion (GY$391.05 billion) or 95.6%.  This represents an increase of...

Geophysical and seismic surveying will continue for the remainder of 2026 in Guyana’s Stabroek Block, up until December 31.  According to a notice from the Maritime Administration Department (MARAD) on February 2, the operation will involve the SV Fugro Brasilis....

Dear Editor, I listened to the budget presentation where the Finance Minister projected that Guyana’s economy will grow by 16.2% this year, driven largely by oil and gas. It was another reminder of just how dramatically our country has changed...

Guyana’s Natural Resource Fund (NRF), which receives billions of dollars a year from offshore oil production, is governed by a statutory withdrawal rule designed to smooth government spending. The rule determines how much the government can legally transfer from the...

Subsea7 is positioning the Subsea Integration Alliance (SIA) as a core delivery model for offshore developments in Guyana, Suriname, and other deepwater regions, citing more than a decade of large-scale subsea execution under the alliance. SIA is a global strategic...

The latest episode of ExxonMobil’s Onshore Diaries, published on January 29, features Ishwar Parbhu, a Hoist Operator and Rescue Swimmer with Omni Helicopters. In that episode, he shared what propelled him to enter offshore search and rescue and how...