News

Exxon starts 60-day comment period for Hammerhead impact study

ExxonMobil said that it started a 60-day comment period related to its proposed Hammerhead project in Guyana. In a notice, Exxon said that it has submitted the Environmental Impact Assessment (EIA) and Environmental Impact Statement (EIS) for the Hammerhead Development Project...

2025 is busiest year for Exxon’s SURF installation offshore Guyana 

ExxonMobil Guyana is embarking on its most intensive year yet for subsea umbilicals, risers, and flowlines (SURF) installation, according to company President Alistair Routledge. The work will connect subsea wellheads to the new floating production storage and offloading (FPSO)...

Vessel Review: The cylindrical Haikui No. 1 FPSO 

China National Offshore Oil Corporation (CNOOC) last June delivered Haikui No. 1, a floating production storage and offloading (FPSO) unit built by Qingdao CNOOC Offshore Engineering.  The FPSO is the first in Asia to use a cylindrical design.  CNOOC said the...

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...

Latest News

Exxon starts 60-day comment period for Hammerhead impact study

ExxonMobil said that it started a 60-day comment period related to its proposed Hammerhead project in Guyana. In a...