News

3D seismic technology was central to the discovery of Guyana’s offshore oil resources, allowing explorers to map deep subsurface structures before drilling began and reducing uncertainty in a high-cost deepwater environment. The method uses sound waves sent from survey vessels...

Trinidad and Tobago remains critical to bringing Venezuelan gas to market, even as new upstream agreements move forward, Energy Minister Roodal Moonilal said, according to a May 4 article by the Energy Chamber of Trinidad and Tobago.  He made the...

HOUSTON, TEXAS - President of the Georgetown Chamber of Commerce and Industry, Kathy Smith, said Guyanese companies are using the Guyana booth at the Offshore Technology Conference to pursue business opportunities across multiple sectors as the country draws increased...

HOUSTON, TEXAS - President Irfaan Ali used his feature address at the Offshore Technology Conference in Houston, Texas to outline Guyana’s approach to managing oil production, renewable energy expansion and climate commitments under what he described as an “energy...

Guyana’s Foreign Affairs Minister Hugh Todd told the International Court of Justice (ICJ) that Venezuela’s military actions and territorial claims for Guyana’s Essequibo region have slowed investment and threatened development, as oral hearings opened on May 4 in The...

Logistics firm Blue Water Shipping said it has completed the transport of 100 metric tonnes of Guyana-fabricated steel to China for integration into ExxonMobil’s Hammerhead floating production, storage and offloading (FPSO) vessel. The shipment, consisting of 56 heavy-duty pallets, moved...

Venezuela’s efforts to increase oil production are being constrained by deteriorating infrastructure and persistent political risk, even as reforms and renewed investment interest emerge, according to an April 27 analysis by Wood Mackenzie.  The report noted that while the government...

Artificial Intelligence (AI) being introduced into offshore oil and gas operations is helping reduce risk, improve compliance and strengthen safety monitoring in high-risk work environments, according to Kurt Busuttil, Senior Quality Health Safety Security and Environment (QHSSE) Manager at...

Chevron on Friday signaled that crude from Guyana is becoming an increasingly important part of its global supply system, as the U.S. oil major leans on a more flexible portfolio of equity barrels to boost refining margins and navigate...

U.S. Ambassador to Guyana Nicole Theriot is urging updates to the country’s procurement system while advising investors to visit in person before committing to the market. Speaking on the latest Energy Perspectives podcast episode, the Ambassador said clarity in rules...