News

The high-pressure piping fabricated in Guyana for ExxonMobil Guyana's Liza Unity floating production, storage, and offloading vessel (FPSO) forms part of one of the offshore industry's most technically demanding categories of work, according to SBM Offshore Guyana General Manager...

MODEC is working with Guyanese suppliers to strengthen their bids for offshore procurement opportunities as the company continues to expand its engagement with the Request for Information (RFI) process. The Centre for Local Business Development (CLBD) announced the initiative in...

Despite rising oil production and growing exports, U.S. officials have declined to provide a long-term timeline for the recovery of Venezuela’s oil sector, saying the focus remains on results rather than deadlines. The position was outlined by U.S. Assistant Secretary...

Venezuela’s state oil company Petróleos de Venezuela, S.A. (PDVSA) is expected to raise crude production to 1.37 million barrels per day (b/d) by December, according to S&P Global Commodities at Sea data and company guidance.  The analysis report published on...

Shearwater has secured a two-month seismic survey contract from ExxonMobil Guyana Limited for work over the Yellowtail development area in the Stabroek Block offshore Guyana. The Norway-based marine geoscience company said on June 11 that the scope covers a distributed...

ExxonMobil Guyana Limited and SLB are using autonomous drilling technology offshore Guyana to improve deepwater well delivery, according to a case study published by SLB on February 4, 2026. The companies deployed SLB’s proprietary Neuro autonomous directional drilling and DrillOps...

SBM Offshore says its Green Farms Initiative, which supports the local production of fresh produce not traditionally grown in Guyana, is reducing food imports while strengthening supply chains that support offshore operations. A report the company published on June 9...

Barbados’ offshore acreage could hold more than 13 billion barrels of oil in place, based on seismic surveys and technical assessments, as the country advances direct negotiations for exploration licences across 19 offshore blocks.  The figure adds scale to the...

ExxonMobil Guyana Limited (EMGL) is moving to put insurance arrangements in place for the Longtail development, Guyana’s first offshore project focused on non-associated gas. The company has issued a Request for Information (RFI) to identify suppliers capable of providing insurance...

Trinidad and Tobago has signed a Production Sharing Contract for the TTUD-1 Block with ExxonMobil Trinidad and Tobago Limited and Occidental Petroleum (Oxy), moving forward with one of the country’s largest ultra-deepwater exploration areas. The contract was signed on Monday,...