News

Guyana may have already produced more than one billion barrels of oil since offshore production began in December 2019, ExxonMobil Guyana President Alistair Routledge said. Routledge made the disclosure on Tuesday during the launch of the Guyana Energy Conference and...

Trinidad and Tobago’s oil production is showing early signs of improvement after years of decline, with crude and condensate output averaging 54,209 barrels per day (b/d) in the first quarter of 2026. The latest figures, published by the Energy Chamber...

Guyana Shore Base Inc. (GYSBI) has launched its 2026 Technical Scholarship program, offering young Guyanese up to GY$500,000 (approx. US$2,400) per academic year to pursue technical and vocational studies. The support is open to persons between the ages of 16...

Two major offshore oil stories have unfolded on opposite sides of the Guyana-Suriname Basin, but the distance between discovery and production has been very different. Guyana went from the Liza discovery in May 2015 to first oil in December 2019,...

Baker Hughes has secured a major subsea contract to supply production equipment for the Kutei Northern Hub, an offshore natural gas development in Indonesia. The energy technology company announced the award on August 10 from Searah North Ganal Limited, a...

A year ago, the ONE GUYANA floating production, storage and offloading (FPSO) vessel achieved first oil, bringing the Yellowtail development into production and adding another major source of crude to Guyana’s offshore output.  The development quickly moved from an initial...

Norwegian offshore services company DOF Group has secured contracts worth between US$15 million and US$25 million for two anchor handling tug supply (AHTS) vessels that will operate in the Caribbean Community (CARICOM) region. DOF announced the awards on August 10,...

Guyana’s offshore oil industry now produces more than 900,000 barrels of oil per day from the Stabroek Block, requiring systems that ensure personnel are prepared to respond to potential incidents.  According to ExxonMobil’s Oil Spill Response Plan, the U.S. major’s...

The Guyana government will conduct a six-month consultation to identify additional goods and services that Guyanese businesses can supply to the oil and gas sector and related industries. Senior Petroleum Coordinator at Guyana’s Ministry of Natural Resources Bobby Gossai said...

Nigeria expects to attract between US$30 billion and US$50 billion in offshore oil and gas investment by 2030 as 22 major deepwater projects move toward production, Business Insider Africa reported on August 6. The investment push comes as Africa’s largest...