News

For Guyanese entrepreneurs, participation in the country’s oil and gas industry may not come directly from offshore operations, but from the network of businesses that support them. As production expands, local companies are finding opportunities to provide services needed...

Halliburton Guyana Incorporated is inviting local construction companies to bid for a project that will convert an existing wash bay into a climate-controlled workshop facility, creating another opportunity for Guyanese contractors to support oil and gas operations. The project, published...

SBM Offshore Guyana has launched a financial literacy initiative aimed at helping young women develop the practical skills needed to make informed personal, professional and financial decisions. The company hosted the first installment of the two-day workshop, titled “From the...

Oil prices climbed on Tuesday as renewed United States-Iran tensions raised concerns about crude shipments through the Strait of Hormuz. Brent crude rose 3.47% to US$86.19 per barrel on July 14, its highest level since mid-June. United States West Texas...

Halliburton has secured major integrated well construction contracts for the GranMorgu deepwater development offshore Suriname, marking another step forward for the country's first offshore oil project. The award, announced on July 13, covers drilling and completions services under a...

Once largely associated with the construction of floating production, storage and offloading (FPSO) vessels, fabrication has emerged as an area where Guyanese businesses are capitalizing on opportunities within the oil and gas supply chain. Rather than competing only for one-time...

Guyana should draw on the global oil and gas industry’s accumulated knowledge as it builds local capacity for its rapidly expanding offshore sector, according to Society of Petroleum Engineers Latin America and Caribbean Regional Director Carlos Alberto Pedroso. During a...

ExxonMobil expects stronger liquids prices and margins to support its second-quarter 2026 results, even as Middle East-related disruptions are expected to affect several business segments. The company outlined the factors in its second-quarter 2026 earnings considerations, filed with the U.S....

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...