News

Guyana is set to receive a larger share of the oil produced from the Stabroek Block after ExxonMobil and its co-venturers recovered about US$55 billion in investment and a substantial amount of operating costs. To understand why, it is important...

The Energy Chamber of Trinidad and Tobago has established a Women in Energy Task Force aimed at supporting the participation and career development of women across the country’s energy industry. The task force held its inaugural meeting on August 5,...

SBM Offshore has opened a request for information (RFI) for companies capable of providing 3D survey, piping fabrication, installation and mechanical services for its offshore operations in Guyana. The contracting opportunity was published on August 7 by the Centre for...

Floyd Haynes, Founder and Chairman of New Hayven Merchant Bank, says Guyana’s emergence as an oil producer has fundamentally changed the way banks evaluate businesses seeking financing, with larger transactions and higher-risk projects driving a more rigorous approach to...

For more than a century, Venezuela has been one of Latin America’s dominant oil producers, pumping crude from some of the world’s largest petroleum reserves. Guyana, by contrast, only joined the ranks of oil-producing nations in 2019. Yet today, the...

ExxonMobil is seeking companies to provide crude oil sales data analysis services as the operator continues to manage an expanding portfolio of crude grades from Guyana’s Stabroek Block. The opportunity was published on August 7 by the Centre for Local...

Guyana will need more workers with advanced technical and digital skills as automation, robotics, and artificial intelligence reshape jobs in the offshore oil and gas sector, ExxonMobil Guyana President Alistair Routledge said. Routledge said the evolution is already visible aboard...

Guyana’s Hammerhead development contributed to an 18% increase in MODEC’s engineering, procurement, construction and installation (EPCI) revenue during the first half of 2026, as work on the project advanced into its second year of construction.  In its first-half 2026 investor...

SBM Offshore is advancing a portfolio of technologies and operational initiatives aimed at reducing emissions, improving energy efficiency and embedding sustainability across the lifecycle of its floating production vessels. The company said it is combining engineering expertise, operational reliability and...

Guyana’s upcoming Development Bank could become an important tool in preparing local businesses to compete for larger opportunities and eventually take on roles currently held by foreign contractors, according to Floyd Haynes, Founder and Chairman of New Hayven Merchant...