News

The buildup for finding out who U.S. Vice President Kamala Harris, the Democratic Party’s presumptive presidential nominee, would choose as her running mate in the 2024 election, is finally over; yesterday morning, the Harris campaign officially announced that Minnesota...

ExxonMobil Guyana achieved a milestone in the first half of 2024, producing approximately 113.5 million barrels of crude oil in just six months. This is almost equivalent to the 114.2 million barrels produced in the first nine months of...

Saipem Guyana Inc. and the Women's Chamber of Commerce & Industry Guyana (WCCIG) are set to host a vendor outreach event on August 21, 2024, at the Centre for Local Business Development in Georgetown. The event, titled “Saipem Vendor...

Petrobras has reached a key milestone with the Uchuva-2 well, confirming the natural gas discovery initially made in 2022 with Uchuva-1.  Located 31 km offshore Colombia at a water depth of 804 meters, Uchuva-2 was spudded on June 19 and...

GA Drilling, a Slovakia-based deep drilling technology provider, has initiated a technical cooperation program with Brazil’s Petrobras. Along with Petrobras' Cenpes research, development, and innovation center, the partnership aims to revamp the downhole drilling system, reducing well construction costs...

Liza, the now well off the coast of Guyana, earned the nickname "well from hell" during its drilling phase, as recounted by former ExxonMobil geoscientist Scott Dyksterhuis. Convinced there was a significant oil reserve more than three miles beneath...

Strohm has been awarded a contract by TotalEnergies EP Brasil to supply TCP Flowlines for an offshore field in the Santos Basin, part of the Brazilian pre-salt region. This contract, according to the company, is the largest commercial award...

Tim Chisholm, a former executive at Hess Corp., made a bold career-defining bet on Guyana's oil potential. In 2014, Chisholm was instrumental in Hess taking a 30% stake in the Stabroek Block, a decision he passionately defended.  “I bet my...

Subsea7 is closely watching Suriname’s offshore oil sector, with hopes of winning a massive subsea contract to support TotalEnergies’ Block 58 project.  In a Q2 earnings presentation, Subsea7 listed the Suriname project among a selection of Invitations to Tender (ITT)...

Guyana Power and Light Inc. (GPL), the main State electricity provider, has invited bids for a solar system at the town of Linden.  The contract is for engineering, procurement and construction of three utility scale ground mounted solar photovoltaic plants...