News

A total of 56 FPSO projects, between 2022 and 2027, are expected to commence their operations worldwide. Brazil leads the list with 22 followed by Guyana, with three already in production and three more under construction. Norway-based energy research and...

Guyana's Environmental Protection Agency (EPA) on November 11 published a statement providing clarity on an issue after a local newspaper claimed it was “moving ahead” with ExxonMobil’s Hammerhead project despite the fact that the government paused its search for...

Touchstone Exploration announced well test results on November 11 from its Cascadura-2ST1 and Cascadura-3ST1 wells, as it undertakes a production boost in Trinidad and Tobago. The production came through the Cascadura C onshore well pad in the Ortoire Block. Touchstone said that during...

As global energy investments increasingly favor low-carbon and renewable projects over fossil fuels, Vice President Bharrat Jagdeo is steadfast in his view that Guyana must avoid the risk of stranded oil assets. With substantial offshore oil discoveries providing a...

The Floating Production Storage and Offloading vessel Alexandre de Gusmão, which incorporates SBM Offshore’s Fast4Ward® new build, multi-purpose hull design, has been completed. The company recently announced the naming ceremony of the vessel, which took place at the COSCO...

ExxonMobil Guyana has completed a US$1.23 billion purchase of the Prosperity floating production, storage and offloading (FPSO) vessel from SBM Offshore. The Dutch FPSO-builder announced the completion of the transaction, in a November 7 release, ahead of the maximum lease...

CGX Energy published its 2024 third-quarter financial statements on November 7, during which it said it is the operator of the Corentyne Block. This is despite Guyana’s Vice President, Bharrat Jagdeo, and Minister of Natural Resources, Vickram Bharrat, publicly...

Noble Corporation's Chief Financial Officer Richard Barker discussed the significant influence of its long-term commitments in Guyana and Norway on the company’s backlog profile during their Q3 earnings call this week. Noble’s total backlog stands at US$4.7 billion, a...

The National Gas Company (NGC) of Trinidad and Tobago wants to be a partner for emerging natural gas producers in the region, especially in Guyana and Suriname. With global energy shifting towards lower-carbon fuels like natural gas, which is...

Primera Oil and Gas Limited, a subsidiary of Touchstone Exploration Inc., has formally commenced the Rio Claro license, it said on November 5.  The six-year license includes a financial obligation of US$2.4 million, which covers the execution of five geological...