News

ExxonMobil Guyana will continue development drilling at the Uaru Project’s UA_3P08 drill center in the Stabroek Block as work advances on one of Guyana’s largest sanctioned offshore developments. The development drilling campaign, according to a recent notice from the Maritime...

Guyana has opened up an estimated US$340 million in gas-based investment opportunities linked to the Wales Gas-to-Energy project, with the government noting that local investors will be prioritized. According to the Department of Public Information (DPI), the Office of the...

Guyana’s offshore oil surge continues to rank among the world’s fastest-growing conventional developments, but its pace is being outstripped by shale, as upstream companies renew efforts to expand unconventional supply globally, according to Wood Mackenzie’s April report.  The report indicates...

Eni and Repsol have reached an agreement with Venezuela to increase domestic gas supply from the Perla offshore field before targeting exports with higher production by 2031, according to an April 20 Bloomberg report. The field in the Gulf of...

The return of Venezuelan crude to international markets could support efforts to restart refinery operations in Trinidad and Tobago, the Energy Chamber of Trinidad and Tobago said in a statement on April 20, pointing to renewed shipments into the...

The ONE GUYANA floating production, storage and offloading vessel (FPSO) has received the American Bureau of Shipping (ABS) SUSTAIN-1 notation, SBM Offshore announced on Monday.  The company stated, “FPSO ONE GUYANA has received the ABS SUSTAIN-1 notation, marking another step...

Guyana’s capping stack is a critical offshore oil spill response asset designed to rapidly contain a subsea well blowout, strengthening the country’s emergency preparedness as oil production expands. What is a Capping Stack? A specialized subsea device used to seal a...

Discoveries offshore Guyana led by ExxonMobil are among the high-impact finds reshaping global oil exploration, according to a Wood Mackenzie report published on April 16. The firm noted that discoveries are concentrated in ultra-deepwater basins, highlighting ExxonMobil’s Guyana portfolio alongside...

Residents of Berbice, Region Six (East Berbice-Corentyne), are being encouraged to take greater advantage of oil and gas and technical training opportunities at the Guyana Technical Training College Inc. (GTTCI). Professor Clement Sankat, Director of GTTCI, made the appeal on...

Subsea tiebacks are playing a key role in the development and expansion of offshore oil production in Guyana’s Stabroek Block, where ExxonMobil Guyana and its co-venturers lead major projects.  The Stabroek Block hosts multiple developments that use tiebacks, like Payara...