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Exxon now controls deepwater asset larger than surface area of TT 

Shikema Dey -
Trinidad and Tobago’s Minister of Energy and Energy Industries, Roodal Moonilal, today announced the signing of a “historic” Production Sharing Contract (PSC) with global giant ExxonMobil for an offshore deepwater block larger than the nation’s landmass.  This marks the company’s...
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Oil companies delivered 1,600+ training programs for Guyanese in 2024

OilNOW -
The Local Content Secretariat says oil companies in Guyana delivered more than 1,600 technical and non-technical programs for Guyanese in 2024, reflecting what Head of the Employment Unit Nicole Haynes described as “the continued commitment to upskilling the Guyanese...
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Guyana says one more round of oral hearings expected before ruling in border case with Venezuela

OilNOW -
Guyana’s Ministry of Foreign Affairs and International Cooperation said on Monday that the International Court of Justice (ICJ) is expected to hold one final round of oral hearings before delivering its judgment in the border case with Venezuela, after...
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Guyana open to CARICOM oil deal if proposal comes, Jagdeo says

Kemol King -
Guyana would be open to exploring a proposal from fellow Caribbean Community (CARICOM) states for crude oil sales, even one that could link discounted barrels to cheaper refined fuel supplies, Vice President Bharrat Jagdeo said on Thursday. Late last month,...
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Guyana’s oil output surges as FPSO upgrades boost capacity by 125,000 b/d

OilNOW -
Upgrades to the first three floating production, storage and offloading (FPSO) vessels offshore Guyana have unlocked a major boost in oil capacity -125,000 barrels per day (b/d).   According to SBM Offshore’s half year report, this increase comes from debottlenecking work...
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MODEC’s H1 profit climbs on project wins, backlog swells to record US$25.5 billion

OilNOW -
Japan’s MODEC Inc. said on Friday its net profit for the first half (H1) of 2025 rose 17% from a year earlier, buoyed by revenues from engineering, procurement, construction and installation (EPCI) projects and a record order book, even...
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Upcoming Business Talk to address invoicing in Guyana’s oil & gas sector

OilNOW -
The Centre for Local Business Development, in partnership with the Greater Guyana Initiative, will host an in-person session titled ‘Understanding Invoicing in the Oil & Gas Industry’ on August 18.  The event, which is part of the Centre’s ‘Managing Growth:...
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23 days until Guyana’s elections: These are the runners gunning for the Presidency

Shikema Dey -
With just 23 days to go before Guyana heads to the polls, the race for the presidency is heating up. Key contenders are vying to lead the country through its next chapter, fueled by billions in oil revenues.   Six parties...
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From risk to reward: How Ayanna Whaul found her place at Halliburton 

Shikema Dey -
Ayanna Whaul stands out as one of Halliburton’s key human resource professionals in the Caribbean region. As a talent management specialist, she plays a central role in training and development, local content reporting, succession planning, and capacity building. Her...
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ONE GUYANA FPSO equipped to ensure uninterrupted gas handling offshore – GoG

Shikema Dey -
The Government of Guyana has confirmed that the ONE GUYANA floating production storage and offloading (FPSO) vessel is the first offshore unit in the country equipped with “full sparing on all gas processing compressors”.  According to the government, this ensures...
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Staatsolie’s 2024 Sustainability Report outlines low-carbon growth and offshore ambitions

PARAMARIBO, SURINAME - Staatsolie’s 2024 Sustainability Report showcases a year of major progress in responsible energy development, anchored by...

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