News

Application for 8th project, impact assessment for 7th submitted – Routledge 

Plans are moving forward for ExxonMobil's seventh and eight developments offshore Guyana. A draft Environmental Impact Assessment (EIA) report for Hammerhead has been submitted and the application for Longtail is now under review. This is according to President of...

ExxonMobil’s Liza 2, Payara projects could each boost output to 265,000 b/d – Routledge

ExxonMobil’s Liza 2 and Payara projects in Guyana could each produce up to 265,000 barrels per day (b/d) once government regulators approve the proposed production increases. The two projects currently have demonstrated production capacity of 250,000 b/d each. ExxonMobil Guyana...

Stena DrillMAX to begin drilling at Suriname’s Macaw-1 well in Q2

TotalEnergies recently announced that the Stena DrillMAX will soon head to Suriname’s Block 64 to drill the Macaw-1 prospect.  The 6th generation harsh environment dual-activity dynamically positioned (DP3) drillship is currently in Curaçao for maintenance. The vessel is equipped with...

Guyana to reach nearly half of Trinidad’s gas output by 2030

By 2030, Guyana is projected to produce approximately 1.125 billion cubic feet per day (bcf/d) of natural gas, which is 45% of Trinidad and Tobago’s current gas production of 2.51 bcf/d.  This marks a shift in regional energy dynamics, as...

Conference organizer apologizes and affirms New River Triangle belongs to Guyana

Organizer of the International Business Conference (IBC), Dr. Vishnu Doerga, issued an apology on Tuesday after the Guyana government and several business groups condemned the use of an incorrect map at the Paramaribo event last week. The map portrayed...

Guyana focuses on ‘responsible’ resource management as US energy goals shift

With the new Donald Trump administration ramping up American energy production and exports, Guyana’s President, Dr. Irfaan Ali said oil-producing nations like Guyana must adopt a “responsible and strategic” approach to resource management—despite global energy market fluctuation. During a recent...

Chevron to drill Korikori well in Q4 – Staatsolie 

Suriname’s state oil company, Staatsolie, has confirmed to OilNOW that Chevron will drill the Korikori-1 well in Block 5 sometime in the fourth quarter of this year.  Staatsolie’s affiliate Paradise Oil Company holds a 40% stake in Block 5. Chevron...

PSC calls out failure to defend Guyana’s territory at business conference

The Private Sector Commission (PSC) is the latest Guyanese body to condemn the display of a map at a conference showing the New River Triangle area as part of Suriname.  In a strongly worded statement on Tuesday, the PSC said...

Chorus of condemnation grows over map depicting New River Triangle as Suriname territory

Two more business groups in Guyana have issued statements condemning the use of a map that depicted Guyana’s New River Triangle as part of Suriname, at a Paramaribo conference last week.  The Guyana Oil & Gas Energy Chamber (GOGEC) and...

SBM Offshore Guyana seeking next cohort of graduate engineers for its trainee program

SBM Offshore Guyana is once again searching for Guyanese talent in the engineering field as it kicks off its Graduate Trainee program.  According to a notice published on its Facebook page, SBM Offshore Guyana said the opportunity is designed to...

Latest News

Subsea7 lands US$150M–$300M Chevron contract for Aseng gas project offshore Equatorial Guinea

Subsea7 has secured a substantial contract from Noble Energy EG Ltd, a subsidiary of Chevron, for subsea installation work...