News

As lead times at fabrication yards across key regions lengthen, Guyana's prominence in the FPSO (floating production, storage and offloading vessel) market grows, fueled by major ExxonMobil-led developments. According to a recent report by Rystad Energy, competition among projects...

Global oil and gas well completion rates have experienced a significant rebound, following a period of decline triggered by the 2014 oil price crash and further exacerbated by the COVID-19 pandemic, according to a March 24 report by Norway’s...

InterEnergy, one of the largest private sector power operators in the Dominican Republic (DR), is eager to help Guyana become a premier industrial hub for the region through key reforms at its publicly owned utility company, the Guyana Power...

MODEC has issued a Request for Information (RFI) for appropriate accommodation vessel services, catering to a minimum of 150 personnel on board (POB), for operations spanning August 2026 to March 2027. The RFI outlines requirements for the accommodation vessel, emphasizing...

To bolster conservation efforts in the Barima Mora Passage, the United Kingdom has donated a state-of-the-art drone to the Guyana Marine Conservation Society (GMCS). The drone, presented by British High Commissioner Jane Miller, aims to enhance mangrove monitoring and...

‘Oil production needs to stop if the world has any chance of fighting climate change.’ This is the position of environmentalists as the world pushes the pathway to net zero. But industry analysts say that oil will continue to...

MODEC and SBM Offshore are competing for an engineering, procurement and construction (EPC) award from TotalEnergies for Suriname’s first floating production, storage and offloading (FPSO) vessel, Upstream said in a March 25 report.  The publication said the companies have stepped...

Stena Drilling has revealed a significant equipment upgrade for their cutting-edge 7th-generation drillship, the Stena Evolution. This enhancement enables the vessel to handle pressure control up to 20,000 psi (20K), unlocking access to previously inaccessible reservoirs for clients worldwide. The...

Guyana’s President, Dr. Mohamed Irfaan Ali, sat down for an interview with BBC journalist, Stephen Sakur, on the sidelines of the Guyana Energy Conference and Supply Chain Expo in February. The discussion about Guyana’s oil got heated quickly as...

SLB announced its intention to merge its carbon capture division with Aker Carbon Capture (ACC) to bolster industrial decarbonization efforts on a large scale. This strategic move is expected to leverage ACC's existing commercial carbon capture solutions and SLB's advancements...