News

Brazil’s state-run oil company Petrobras said it will more than double oil and gas production in Bahia to 30,000 barrels of oil equivalent per day (boed/d), supported by new investments and projects expected to generate jobs, according to a...

GCCI Senior Vice President Gavin Ramsoondar said Guyanese companies seeking opportunities in the oil and gas sector must improve their internal systems and operational readiness. Ramsoondar made the comments following the Offshore Technology Conference (OTC) 2026 in Houston, Texas. “One of...

Local content specialist Anne Rita Wijdh is urging major offshore operators in Suriname to begin investing in advanced academic and research programs before first oil production begins, pointing to Guyana’s ExxonMobil-supported education initiatives as an example of how early...

Trinidad and Tobago’s liquefied natural gas (LNG) production increased in 2025 for the first time since 2022, even as the country continues to face feedgas supply constraints from mature offshore reservoirs, according to an Energy Chamber of Trinidad and...

International companies and investors at the Offshore Technology Conference (OTC) 2026 examined opportunities tied to several sectors in Guyana, according to GCCI Senior Vice President Gavin Ramsoondar. Ramsoondar spoke to OilNOW about the discussions following Guyana’s participation at the conference...

ExxonMobil’s use of artificial intelligence and advanced computing tools is accelerating seismic interpretation in Guyana, allowing faster evaluation of offshore acreage and changing how potential oil discoveries are assessed.   According to Vice President of Exploration John Ardill, speaking to Reuters...

Solar photovoltaic (PV) power was the largest driver of global energy demand growth in 2025, surpassing fossil fuels for the first time on record as electricity systems accelerated toward cleaner sources, according to the International Energy Agency’s (IEA) Global...

ExxonMobil plans to use its Proxxima™ technology in the Hammerhead offshore Guyana development and future floating production vessels in the Stabroek Block, as the company expands its use of advanced subsea materials and applications. The update came during the company’s...

ExxonMobil says future investment in Venezuela will depend on whether projects can deliver competitive returns and low-cost production from the country’s heavy oil resources. The position was outlined during the company’s first quarter 2026 earnings call, when Chief Executive Officer...

Surinamese graduates participating in the training program linked to the GranMorgu offshore oil development met with SBM Offshore’s CEO Øivind Tangen on May 12, 2026 in Kuala Lumpur, Malaysia. The graduates are part of the STS Graduate Program, launched earlier...