News

The second leg of the Guyana-Monaco Mousetrap Car Grand Prix was held on April 19 at the Everest Cricket Ground, with seven participating schools – Abram Zuil Secondary, Diamond Secondary, Friendship Secondary, Johanna Cecelia Secondary, St. Roses High, St....

TotalEnergies has signed an agreement with Sapura Upstream Assets Sdn Bhd (SUA) to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn (SapuraOMV), the energy major said.  The deal is valued at US$530 million, subject...

Petrobras, Brazil's state-controlled oil company, has unveiled plans for investments exceeding US$70 billion in exploration and production activities. These investments aim to not only bolster the country's energy sector but to create significant opportunities for the domestic naval and...

Schlumberger Limited (SLB) said it introduced groundbreaking technologies in Guyana, setting a new standard for performance in offshore operations for ExxonMobil, in the Stabroek Block. In an open-water-work campaign consisting of 13 wells, SLB said advanced tools revolutionized the drilling...

The UK-based geo-consultancy firm GeoPartners Ltd struck a deal with Suriname’s state oil company Staatsolie and TROIS Geoconsulting from the Netherlands for a multi-client geochemical piston core project.  GeoPartners via a LinkedIn announcement said the venture aims to deliver oil...

SLB, a leading oilfield services company, has announced its first-quarter 2024 results, showing “robust” revenue growth and strategic plans to return US$7 billion to shareholders over the next two years. Commenting, SLB Chief Executive Officer Olivier Le Peuch remarked, “We...

Rystad Energy believes that though U.S. sanctions are back on Venezuela, there remains room to negotiate with the Nicolas Maduro-led administration through the provision of special licenses.  Senior Vice President at Rystad Energy Jorge León, weighed in on the development,...

Guyana’s Stabroek Block jumped 38% in overall oil production in the first quarter of 2024, compared to the prior quarter.  In the fourth quarter of 2023, the three ExxonMobil-operated projects (Liza 1, 2 and Payara) collectively delivered 40.3 million barrels...

See release from El Dorado Offshore Inc.: Denzel Southwell's journey is one that defies expectations. Hailing from the small village of Sandvoort in Berbice, Guyana, this 27-year-old has shattered glass ceilings to become the first Guyanese Auxillary Assistant Driller...

In his address at the opening of the April 16 Local Content Summit in Georgetown, President of Guyana, Dr. Mohamed Irfaan Ali, said the "Guyana Brand" has reached unprecedented levels of global recognition and influence, signaling a new era...