News

By mid-year 2023, Block 58 operator TotalEnergies SE expects to confirm the desired estimated resources to kickstart production offshore Suriname, Chairman and Chief Executive Officer (CEO) Patrick Pouyanné said. This could result in another delay of the long-awaited Final Investment...

The National Energy Corporation of Trinidad and Tobago commissioned the country’s first low exhaust tug on Tuesday, during a ceremony at Hyatt Regency in Port of Spain.  The new 60-ton bollard-pull tug, named National Energy Resilience, is International Maritime Organisation...

Eco Atlantic’s recent financial report indicates that the partners responsible for developing the Orinduik Block offshore Guyana, have not decided on their 2023 target. Eco Atlantic said they continue to work towards identifying the optimal drilling target at the Tullow...

Noble Corporation said its revenue from contract drilling services for the fourth quarter of 2022 totaled US$586 million compared to US$289 million in the third quarter. It said the increase is primarily attributable to the business combination with Maersk...

ExxonMobil Guyana has commenced geotechnical and geophysical surveying operations in the vicinity of the Demerara  main ship channel and off the West Coast of Demerara in the vicinity of Plantation Best. ExxonMobil Guyana’s Media Advisor, Kwesi Isles explained, “The surveys,...

Guyana’s Maritime Administration Department (MARAD) announced that a multibeam hydrographic survey is currently ongoing off the coast of Guyana. MARAD said the survey activities commenced on Feb. 23 and will last up to July 31. It will incorporate the use of...

ExxonMobil Guyana has revealed ‘Errea Wittu’ is the name to be given to the floating production, storage, and offloading (FPSO) vessel intended for its fifth project, Uaru.   The name means ‘abundance’, said ExxonMobil Guyana Projects Environmental and Regulatory Advisor, Laurent...

Trinidad and Tobago’s National Gas Company (NGC) is expected to receive first gas from the Cascadura natural gas and associated liquids facility on or about June 30, 2023, Touchstone Exploration announced. “Touchstone remains on track to complete the Cascadura facility...

The relationship between the Guyana government and the Stabroek Block co-venturers is yielding projects that will make Guyana the world’s largest per capita producer of oil. The arrangement is extremely rewarding for all parties. But Vice President Dr. Bharrat...

Civil society representatives from Guyana’s Extractive Industries Transparency Initiative (EITI) multi-stakeholder group have stated that an absent coordinator has stymied their work. This comes after the government said there may have been deliberate attempts by members of the MSG...