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President of ExxonMobil Guyana, Alistair Routledge said this week he has seen unprecedented levels of progress in local content development and stressed the importance of education and training for Guyanese, in order for them to benefit from the opportunities...

Chief Executive Officer of the Guyana Office for Investment (GO-Invest), Dr. Peter Ramsaroop, days ago reiterated the importance of foreign direct investment to Guyana’s development and shared how government is working to connect foreign companies with local businesses, in...

U.K. based multinational oil and gas exploration company Tullow Oil said on Friday it has been able to finalise a more than US$1 billion reserve-based loan agreement with banks. The company has been reviewing its business plan and operating...

(S&P Global Platts) The extreme cold temperatures that hit Texas the week started Feb. 14 caused port closures that locked up tonnage and provided a silver lining for shipowners, already struggling with rates beneath the w100 psychological mark since...

The Stena Carron drillship is wrapping up operations at the Bulletwood-1 prospect offshore Guyana on the Canje Block where the well was spudded approximately 57 days ago. The Maritime Administration Department said in a notice on Wednesday that the Stena...

The 6th Generation Harsh Environment dual activity dynamically positioned (DP3) drillship, Stena DrillMAX, is now in Guyana waters and will begin operations with a series of campaigns at the deepwater multi-billion-barrel Stabroek Block. In March the Stena DrillMAX will spud...

(Reuters) - Exxon Mobil Corp’s global oil and gas reserves tumbled by a third last year as the COVID-19 pandemic slammed global oil prices and demand, the company said on Wednesday. The largest U.S. oil producer is reeling from the...

Italian multinational oilfield services company Saipem has won the Environmental Sustainability Award in International Marine Contractors Association’s (IMCA) 2020 Awards programme, for an innovative CO2 estimation tool in its offshore projects, named SOCE (Saipem Offshore Carbon Estimation). This award has been granted...

The Guyana government is working with ExxonMobil to ensure that the faulty third stage gas compressor now under repairs in Germany, is fixed as soon as possible and that future FPSOs ordered for oil production off the country’s coast...

Brazil’s state-controlled oil company Petrobras received only one proposal, from Dutch floater specialist SBM Offshore, in a bid to construct the Mero 4 oil production platform in the Santos Basin pre-salt, two sources with knowledge of the matter told...