News

United States President Donald Trump has reinstated a blockade targeting Iranian shipping and announced plans to charge commercial cargo moving through the Strait of Hormuz. Trump said on Truth Social on Monday, July 13, that the U.S. would prevent Iranian...

PRIO’s Wahoo project offshore Brazil has reached first oil using TechnipFMC’s Subsea 2.0® production system. TechnipFMC announced on July 13 via a LinkedIn post that the installation represents the first use of the technology in a Brazilian pre-salt field. “As...

SLB OneSubsea has been selected to provide the subsea production system for 13 wells at Eni’s Baleine Phase 3 deepwater development offshore Côte d’Ivoire.  The engineering, procurement and construction (EPC) contract, announced by SLB on July 13, covers the delivery...

The Port of Galeota in Trinidad and Tobago has supported the delivery and offloading of seven marine hose racks ahead of upcoming offshore work in the region. National Energy Corporation reported on July 9 that the operation was completed...

Cybele Energy has until the end of July to pay its US$17 million signing bonus for Guyana's offshore Block S7 or face the possible suspension or cancellation of its petroleum agreement, according to Natural Resources Minister Vickram Bharrat. The government...

The consortium led by the Dominican Republic has up to six months to begin exploration activities on Guyana's Berbice Block, according to Natural Resources Minister Vickram Bharrat. Speaking on the Starting Point podcast's Sunday episode, Bharrat said the petroleum agreement...

Differences in underground heat, burial depth, and petroleum migration may help explain why Guyana’s Golden Lane has delivered repeated discoveries while parts of offshore Suriname have produced uneven results, according to a new basin modelling study. GeoExpro published the study...

Guyana’s next generation of energy workers is being shaped before entering the workforce, with the University of Guyana’s Regional Accelerator for STEM Students Readiness (RASSR) program preparing students for careers beyond the oil field. The five-year Science, Technology, Engineering, and...

Guyana's offshore oil industry depends on more than drilling rigs and floating production, storage and offloading (FPSO) vessels. It also relies on a growing maritime workforce that keeps people, equipment and supplies moving between shore and offshore operations. Since production...

Guyana's call for qualified nationals to earn the same salaries as expatriates performing comparable offshore jobs has received backing from the country's largest oil and gas employers, according to Natural Resources Minister Vickram Bharrat.  Bharrat said both ExxonMobil Guyana, SBM...