News

According to the Energy Chamber of Trinidad and Tobago, Venezuela has signed a 20-year natural gas production and exploration agreement with BP and The National Gas Company of Trinidad and Tobago Limited (NGC) for the Cocuina gas field. The...

July 28 is the day millions of Venezuelans will decide who their next president will be.  Perhaps it will be another term for Nicolas Maduro. Or maybe change will come with a win for Opposition candidate Edmundo Gonzalez. From Opposition...

Halliburton Guyana Inc. has issued an Expression of Interest (EOI) for the construction of a wastewater treatment plant. This global energy service provider, established in 1919, is seeking contractors for a comprehensive project to enhance its operations in Guyana. Halliburton...

The Government of Guyana has withdrawn US$850 million from its Natural Resource Fund (NRF) so far for 2024 to support its development agenda for the South American country. This is equivalent to approximately GY$177 billion. The NRF holds Guyana’s...

Exxon’s fifth Guyana development - Uaru - continues to progress with the first pipe being delivered to the Vreed-en-Hoop Shore Base (VEHSI).  ExxonMobil Guyana’s Global Projects Cost Engineering Manager, Rebecca Cvikota shared this detail during the first round of public...

Oil, the earth’s black gold, lies deep beneath waters in Guyana’s exclusive economic zone and has been propelling the South American country to new heights. Opportunities are boundless but a major problem exists - labor. And Guyana needs lots...

Westwood Global Energy Group forecasts an additional US$35 billion in offshore oil and gas (O&G) related engineering, procurement, and construction (EPC) spending for the remainder of 2024. This will be driven by approximately 125 subsea tree unit awards, 2,230...

Last week, Guyana Shore Base Inc. (GYSBI) witnessed the arrival of 16 transformers and 244 accessories for the Gas-to-Energy (GTE) and Guyana Power and Light (GPL) Enhancement Projects, the company said.  The BBC Echo Vessel successfully berthed at the Muneshwers...

The proposed Hammerhead development is set to create up to 1,380 jobs, preliminary estimates from ExxonMobil indicate.  The jobs span four stages of the project.  A project summary filed with the Environmental Protection Agency (EPA) indicates that approximately 540 persons would...

At the end of 2023, ExxonMobil reported booked reserves equivalent to more than 12 years of its production, according to a report from Westwood Global Energy Group.  In contrast, the combined proved reserves for five supermajors - bp, Shell, Chevron,...