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U.S. expected to approve US$660 million loan for Gas-to-Energy project in Guyana – Jagdeo

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Guyana's Gas-to-Energy project is set to receive significant financial support from the United States, according to Vice President Bharrat Jagdeo. Jagdeo detailed the ongoing negotiations and assurances received from various US departments, highlighting the expected approval of a substantial...
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Gas-to-Energy: GAICO completes materials offloading facility, forges ahead with pipeline work

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GAICO Construction and General Services Inc. announced that it completed the materials offloading facility (MOF) for the Gas-to-Energy project and is currently undertaking the laying of 26 kilometers of onshore pipelines.  “As a local company we are excited about this...
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ExxonMobil Guyana seeks suppliers for architectural and engineering support in Berbice

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ExxonMobil Guyana Limited (EMGL) is actively pursuing partnerships for architectural and engineering support services to bolster future construction endeavors within the Port Mourant, Berbice area. The company aims to identify suppliers capable of facilitating upcoming projects in the region. Currently,...
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Rystad Energy collaborates with Mærsk Center to spearhead maritime industry’s zero-carbon transition

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Norwegian energy research and business intelligence company, Rystad Energy, has forged an influential partnership with Denmark’s Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, advancing the maritime sector's role in the energy transition. The agreement, officially formalized on December...
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Trinidad, Venezuela, Shell sign Dragon gas license 

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President of PDVSA and Minister of Petroleum for Venezuela, Rafael Tellechea, said the company, as well as Shell and the National Gas Company of Trinidad and Tobago, signed a license for the development of the Dragon gas field, in...
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Guyana oil production hits 500,000 bpd as Payara ramp-up outpaces previous projects  

Kemol King -
Oil production in Guyana hit the half a million barrels per day milestone at the close of November with the addition of the Prosperity floating production, storage and offloading (FPSO) vessel at the ExxonMobil-operated Stabroek Block. This is according to...
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Putin says Guyana, Venezuela should settle ‘dispute’ through ‘political, diplomatic’ means

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In a recent telephone conversation with Venezuelan President Nicolas Maduro, Russian President Vladimir Putin advocated for “a settlement of the territorial dispute between Venezuela and Guyana through political and diplomatic means.” The discussion, held on December 21, 2023, touched...
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DOF secures major decommissioning contracts totaling US$30 million

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DOF Subsea has recently clinched two significant decommissioning contracts.  The first project involves an exclusive purchase and removal deal (EPRD) for a North Sea operator, encompassing a comprehensive scope of services. DOF will spearhead project management, engineering, logistics, and execution...
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Major wells to be targeted in Guyana, Suriname and Jamaica next year – S&P Global 

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The global landscape for high-impact wells (HIWs) in 2024 is poised for significant activity, with a predominant focus on the Caribbean, Latin America and Africa, according to a new S&P Global Commodity Insights report. This follows a successful 2023,...
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TotalEnergies’ expansion bolsters Suriname’s offshore oil prospects

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TotalEnergies' concerted efforts in expanding its portfolio in Suriname's offshore basin, notably with the recent signing of a production sharing contract for Block 64 alongside QatarEnergy and Petronas, hold significant promise for the country's offshore oil production landscape. Block 64,...
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Guyana’s Uaru and Whiptail projects on track for 2026 to 2027 start-up – Routledge

Alistair Routledge,  President of ExxonMobil Guyana says the company’s fifth and sixth developments — Uaru and Whiptail — are...

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