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Lysekil, the Swedish refinery using Guyanese crude to power Nordic travel 

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Swedish oil giant Preem is using Guyana’s medium-sweet crude to fuel its flagship Lysekil refinery, linking South America’s newest oil producer to the Nordic region’s energy supply chain. Perched on the rocky coast of Brofjorden just north of Gothenburg,...
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None like Payara: Exxon yet to replicate optimization, but there’s still time

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The ramp-up of ExxonMobil’s Payara project remains unmatched in Guyana’s offshore oil history, even as more developments come on stream. Wood Mackenzie’s Principal Analyst Luiz Hayum described the startup of the Prosperity FPSO at Payara as setting an industry...
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Moonilal appoints new boards for Trinidad’s state energy companies

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Trinidad and Tobago's Energy Minister Roodal Moonilal on Monday issued letters of appointment to the new boards of directors for several state-owned energy companies, as the new government moves to revitalize the country's energy sector. According to a statement from...
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Hess gives back Suriname oil block at Guyana border

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U.S. oil company Hess has relinquished Block 59 offshore Suriname, a deepwater area located near the maritime border with Guyana, returning the acreage to Suriname’s Staatsolie, the state oil firm announced on Tuesday. “Hess fulfilled its minimum work obligations and...
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ExxonMobil anticipates lower Q2 2025 earnings due weaker oil and gas prices

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ExxonMobil expects lower crude and natural gas prices will weigh on its second quarter 2025 earnings, according to its latest 8-K filing with the U.S. Securities and Exchange Commission (SEC) released ahead of results due August 1. The company estimates...
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Survey says Exxon is ‘Most Admired Explorer’ propelled by mega wins in Guyana

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ExxonMobil has been named the most-admired upstream explorer in the world, according to Wood Mackenzie’s 2025 Exploration Survey, a recognition underpinned mainly by the company’s performance offshore Guyana. The award, announced at Wood Mackenzie’s annual Exploration Summit in Bordeaux in...
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Exxon’s deepest wells drilled in the Stabroek Block after Ranger

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Following the record-setting Ranger-1 well, ExxonMobil has continued to push the limits of deepwater exploration in Guyana’s Stabroek Block. Ranger-1, announced in January 2018, remains the deepest discovery in the block. It was drilled to a depth of 21,161 feet...
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Touchstone confirms hydrocarbon presence at Cascadura-5 well in Trinidad

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Touchstone Exploration announced on July 7 successful drilling results from its Cascadura-5 development well onshore Trinidad and Tobago. The well, located on the Ortoire block, was spud on June 4 and reached a total depth of 7,020 feet in 22...
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

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PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In a historic outcome, Jennifer Geerlings-Simons was chosen to lead the Republic, becoming the first female president in Suriname’s history since...
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Petronas adds Roystonea-2 to Suriname exploration campaign

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PETRONAS has added the Roystonea-2 appraisal well to its exploration program in Block 52 offshore Suriname, according to Staatsolie. Staatsolie said the well will “further evaluate the oil discovery made with the Roystonea-1 in November 2023”.  Roystonea-2 is part of a...
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SBM sponsors international trips, science equipment for winners of Guyana mousetrap competition

SBM Offshore Guyana’s 2025 Guyana-Monaco Mousetrap Car Grand Prix Competition wrapped up with an impressive display of creativity, problem-solving...

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