News

EnerMech secures pre-commissioning contract for ONE GUYANA FPSO

EnerMech has been selected by SBM Offshore to perform pre-commissioning work on the ONE GUYANA floating production, storage and offloading (FPSO) vessel. The FPSO will arrive in Guyana this year. EnerMech said it executed pre-commissioning work for all three FPSOs...

Suriname’s upstream sector poised for US$9.5 billion investment – Rystad Energy  

Capital investment in Suriname’s upstream oil and gas sector is set to grow significantly, with spending projected to reach US$9.5 billion between 2024 and 2027, according to Rystad Energy. This surge is driven by the TotalEnergies-operated GranMorgu project and new...

Super tanker headed for Netherlands lifts two cargoes from Guyana oilfield 

The Red Nova, a large crude carrier (VLCC) capable of transporting more than 2 million barrels of oil, recently completed a double crude lift offshore Guyana, ExxonMobil Guyana told OilNOW.  The tanker loaded crude from two floating production, storage and...

MODEC Guyana to publish RFIs for key offshore services

MODEC Guyana has announced its intent to publish Requests for Information (RFIs) for various offshore services over the next six months.  The list includes industrial gas services, fire pump performance tests, oil and gas laboratory analysis, and transformers, all set...

Suriname among top oil frontiers, 2.2 billion boe secured since 2020 – Norway firm

Suriname is set for a wave of oil and gas exploration, with industry giants Shell, TotalEnergies, and Chevron leading efforts to tap into the country’s promising offshore reserves. Operators plan to drill around 10 wells between 2025 and 2027...

After naval incursion, Venezuela falsely blames Guyana for rising tensions

Venezuela has accused Guyana of provocation after its navy entered Guyana’s exclusive economic zone (EEZ) on Saturday morning. Guyana’s government said the Venezuelan patrol vessel "ABF Guaiqueri PO-11" approached several offshore assets, including the FPSO Prosperity, operated by ExxonMobil. President...

CARICOM urges Venezuela not to engage with Guyana oil production platforms

The Caribbean Community (CARICOM) has spoken out in support of Guyana, after a Venezuela vessel entered the ExxonMobil-operated Stabroek Block in Guyana’s maritime territory and approached oil-related ships.  “CARICOM calls on Venezuela to order the urgent removal of the vessel...

11 former Presidents of LatAm countries and Spain say Maduro regime after Guyana’s energy wealth

Former Presidents of Latin American countries and Spain showed support for Guyana after a Venezuela vessel made an incursion into Guyanese waters and approached vessels operating in the ExxonMobil-operated Stabroek Block Saturday morning. SEE FULL STATEMENT BELOW: The Liberty and Democracy...

Maduro regime to face consequences if provocation continues, U.S. says

The United States’ Bureau of Western Hemisphere Affairs said consequences will befall the Nicolas Maduro regime if more provocation follows an incursion into Guyana’s maritime territory by a Venezuela patrol vessel.  “Venezuelan navy vessels threatening ExxonMobil’s floating production, storage and...

OAS condemns Venezuelan naval threats to Guyana

Statement from the OAS General Secretariat: The General Secretariat of the Organization of American States (OAS) unequivocally condemns the recent actions of Venezuelan naval vessels threatening ExxonMobil’s Floating Production Storage and Offloading (FPSO) units operating within Guyana’s internationally recognized maritime...

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BIT eyes scaffolding training rollout with support from SBM Offshore Guyana, Panthera

The Board of Industrial Training (BIT) is looking to roll out scaffolding training as part of efforts to address...