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Guyana among key drivers of global subsea tree demand despite sharp Q1 dip

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Subsea tree unit awards slumped to 32 in the first quarter (Q1) of 2025, marking a 65% quarter-over-quarter decline, according to Westwood’s Global Subsea Tracker. The drop reflects ongoing macroeconomic challenges and inflation-driven delays in project approvals and contract...
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TT’s Heritage Petroleum seeks partner for exploration of Preau Block 

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Heritage Petroleum Company Limited, Trinidad and Tobago’s national oil company, is inviting expressions of interest for a partnership arrangement on its newly awarded Preau Block. The block, located just south of Heritage’s Barrackpore Licence (Core Area C), spans approximately 11,200...
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ExxonMobil taps MODEC for second Guyana FPSO as Hammerhead project advances

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ExxonMobil has awarded a limited notice to proceed to Japanese offshore engineering firm MODEC for the development of a floating production, storage, and offloading (FPSO) vessel for its Hammerhead project offshore Guyana, MODEC said on Monday. The contract is MODEC’s...
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Why Guyana and others won’t stop exploring for oil – GEOExpro expert explains 

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“Why would we still explore for oil and gas?” René Jonk of ACT GEO asked at the end of his talk for the Geoscience Energy Society of Great Britain on April 8. A question GEOExpro Editor-in-Chief Henk Kombrink examines...
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Permian leads U.S. crude output growth in 2024; exports reach 4.1 million barrels per day 

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U.S. crude oil production rose 2% in 2024, reaching an annual average of 13.2 million barrels per day (b/d), according to the U.S. Energy Information Administration (EIA), setting a new high even as export growth slowed. The increase of...
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Tariff threat puts new oil projects at risk – Wood Mackenzie analyst 

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Dozens of new upstream oil and gas projects could be delayed if Trump-era tariffs are reintroduced, according to energy consultants Wood Mackenzie (WoodMac). The firm’s global project tracker shows 28 developments targeting Final Investment Decisions (FIDs) in 2025, and...
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Letter-to-the-Editor: Women are making commendable strides in the oil and gas industry

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Dear Editor, It is with immense pride—and a touch of disbelief—that I write this letter as a reminder to myself and to other women that anything is possible. Just a few days ago, I came across an article that stated 75%...
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Atlas Professionals wins crew management deal for Noble’s Suriname Drilling campaign

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Atlas Professionals has secured a Crew Management contract from Noble Corporation for an offshore drilling campaign in Suriname, the company said on April 17.  The contract supports operations for the Noble Developer and extends a 15-year working relationship between the...
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ONE GUYANA FPSO will support Guyana’s growing energy sector – First Lady Arya Ali 

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A voyage of over 11,000 nautical miles (20,000 kilometers) concluded for the ONE GUYANA floating, production, storage and offloading (FPSO) vessel.  The vessel departed Singapore 60 days ago, arriving in Guyana on schedule.  First Lady of Guyana, Arya Ali was...
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World’s largest EV brand now in Guyana, adding momentum to vehicle transition

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The world’s largest electric vehicle (EV) manufacturer, BYD, has officially entered the Guyanese market through GT Automotive, a move that could catalyze quicker EV uptake. GT Automotive is Guyana’s exclusive dealer for BYD, offering five of the Chinese automaker’s most...
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Exxon to relinquish 9% of Stabroek Block acreage

ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement,...

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