News

Despite its role as one of the fastest-growing oil producers in ExxonMobil’s global portfolio, Guyana accounted for just 4.2% of the energy giant’s total long-lived assets at the end of 2024, according to data in the company’s 2024 annual...

Annand Jagesar, Managing Director of Staatsolie, believes that Suriname is facing a shortage of skilled labor as it prepares for offshore oil production.  During a recent interview with Kaori Media, Jagesar noted, “Currently, only 7% of our workforce holds a...

Wison New Energies -  a leading provider of clean energy technology and solutions headquartered in Shanghai - has been contracted to conduct a detailed feasibility study for a proposed floating liquefied natural gas (FLNG) facility at Suriname’s offshore...

Trinidad and Tobago's Dragon gas project, once considered key to restoring gas production in the Caribbean nation, was halted by the Trump administration due to its Venezuelan ties. Despite this setback, the country still has several projects in the...

Offshore Frontier Solutions Pte. Ltd. (OFS), a joint venture between MODEC Inc. and Toyo Engineering Corporation, has secured a contract for ExxonMobil Guyana’s Hammerhead project.  The contract, awarded by MODEC, Inc., covers Engineering, Procurement, Construction, and Installation (EPCI) of the...

ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement, according to the Ministry of Natural Resources. The Stabroek Block, spanning 26,800 square kilometers, is the centerpiece of Guyana’s deepwater oil...

Halliburton has secured significant offshore exploration contracts in Suriname, strengthening its international footprint despite a revenue decline in the first quarter. Chairman, President and Chief Executive Officer, Jeff Miller, said, “Customers awarded Halliburton several contracts that demonstrate the strength of...

Deepwater exploration is the final frontier for discovering the oil and gas needed to fuel the global energy transition, according to GeoExpro, a global energy magazine. “This is the hope that keeps us here,” a recent GeoExpro report explained, noting...

ExxonMobil Guyana Limited has officially moved into its cutting-edge, net-zero emissions complex located in Ogle on Guyana’s East Coast, marking a new chapter in its local operations. Exxon’s Guyana Manager for Public & Government Affairs Matthew Scharf confirmed the move...

Guyana’s government may collect less oil revenue in 2025 than it initially projected, following the International Monetary Fund’s (IMF) downward revision of global crude price assumptions. However, an earlier-than-expected start to production at the massive Yellowtail project could still...