News

Systems to prevent routine flaring are standard across major offshore developments in Guyana. Integrated systems on floating production, storage, and offloading (FPSO) vessels capture natural gas which is currently being extracted alongside oil from offshore fields.  This oil-linked gas is...

Guyana continues to maintain its status as a carbon-negative country, according to Sarah Browne-Shadeek, Minister of Amerindian Affairs, who said the country’s forest-based climate model under the Low Carbon Development Strategy (LCDS) has also generated GY$14.4 billion (approximately US$69...

MODEC Guyana Inc. is seeking qualified subcontractors to support produced water treatment operations on floating production, storage and offloading (FPSO) vessels linked to offshore developments in ExxonMobil Guyana’s Stabroek Block. The Japanese builder has contracts to deliver two FPSOs of...

Gas projects offshore Guyana are being developed around two types of natural gas: associated gas produced during oil production and non-associated gas found in gas reservoirs. These types determine how the gas will be extracted and transported to shore...

Oil and gas development projects proceed with two key approvals: environmental permits and production licenses. They cover different aspects of a project and serve distinct legal purposes. Environmental permits cover the expected environmental and social impacts of operations. Production licenses...

The Energy Chamber of Trinidad and Tobago has urged Caribbean countries to reassess fuel security risks amid disruptions in the Strait of Hormuz, warning that import-dependent systems remain exposed to external shocks. Its statement, issued on April 23, referenced Guyana’s...

Rystad Energy said identical debottlenecking across three offshore developments in Guyana could unlock between 80,000 and 90,000 barrels per day (b/d) of additional production, targeting assets operated by ExxonMobil in the Stabroek Block. The consultancy identified the Uaru, Whiptail and...

ROTTERDAM, NETHERLANDS – Suriname is aiming to use its offshore oil resources to drive national development to levels comparable to Singapore, Staatsolie Managing Director Annand Jagesar said during a GranMorgu information session in the Netherlands on April 21. “We will...

Guyana said on Thursday that an oil tanker seized by U.S. forces while carrying Iranian oil was fraudulently flying its flag. The seizure comes amid increased tensions between the United States, Israel and Iran, with ongoing conflict and sanctions enforcement...

Saipem reported revenue of €3.5 billion for the first quarter of 2026, with earnings rising on stronger performance in its offshore and onshore engineering and construction segments. The company said on April 21 in Milan that adjusted earnings before interest,...