News

SLB OneSubsea has been selected to provide the subsea production system for 13 wells at Eni’s Baleine Phase 3 deepwater development offshore Côte d’Ivoire.  The engineering, procurement and construction (EPC) contract, announced by SLB on July 13, covers the delivery...

The Port of Galeota in Trinidad and Tobago has supported the delivery and offloading of seven marine hose racks ahead of upcoming offshore work in the region. National Energy Corporation reported on July 9 that the operation was completed...

Cybele Energy has until the end of July to pay its US$17 million signing bonus for Guyana's offshore Block S7 or face the possible suspension or cancellation of its petroleum agreement, according to Natural Resources Minister Vickram Bharrat. The government...

The consortium led by the Dominican Republic has up to six months to begin exploration activities on Guyana's Berbice Block, according to Natural Resources Minister Vickram Bharrat. Speaking on the Starting Point podcast's Sunday episode, Bharrat said the petroleum agreement...

Differences in underground heat, burial depth, and petroleum migration may help explain why Guyana’s Golden Lane has delivered repeated discoveries while parts of offshore Suriname have produced uneven results, according to a new basin modelling study. GeoExpro published the study...

Guyana’s next generation of energy workers is being shaped before entering the workforce, with the University of Guyana’s Regional Accelerator for STEM Students Readiness (RASSR) program preparing students for careers beyond the oil field. The five-year Science, Technology, Engineering, and...

ExxonMobil is nearing completion of its seismic acquisition program on the TTUD-1 Block offshore Trinidad and Tobago, clearing the way for data processing and a detailed evaluation of the ultra-deepwater acreage. President of ExxonMobil Trinidad and Tobago Deepwater Limited Paul...

Global oil demand is recovering from its May low as refined product supplies rebound, but the International Energy Agency (IEA) still expects average consumption in 2026 to be about 1 million barrels per day (b/d) lower than in 2025. “A...

Guyana's offshore oil industry depends on more than drilling rigs and floating production, storage and offloading (FPSO) vessels. It also relies on a growing maritime workforce that keeps people, equipment and supplies moving between shore and offshore operations. Since production...

Guyana's call for qualified nationals to earn the same salaries as expatriates performing comparable offshore jobs has received backing from the country's largest oil and gas employers, according to Natural Resources Minister Vickram Bharrat.  Bharrat said both ExxonMobil Guyana, SBM...