News

TechnipFMC reported first-quarter 2026 revenue of US$2.49 billion, with net income attributable to the company at US$260.5 million, according to results released today. Earnings per diluted share stood at US$0.64. Adjusted net income was US$260.9 million. Adjusted earnings before interest,...

Guyana Shore Base Inc. (GYSBI), through its joint venture Sustainable Environmental Solutions (SES), has commissioned the iNOVaTHERM™ system. This waste treatment technology doubles processing capacity and recovers more than 99% of base oil from drilling waste, GYSBI said in...

ExxonMobil Guyana has awarded the Noble Developer a one-well contract at a day rate of US$375,000 to drill a prospect in the Stabroek Block offshore Guyana. The contract is scheduled to commence in early 2027. ExxonMobil Guyana said it contracted the...

CNOOC Limited reported first-quarter 2026 results, with higher production, revenue, and profit, supported in part by output from its offshore Guyana portfolio. The company recorded net production of 205.1 million barrels of oil equivalent (BOE) for the quarter, an 8.6%...

Guyana’s President Irfaan Ali is set to deliver the keynote address at the Offshore Technology Conference (OTC), a role the United States says signals the country’s position on the global energy stage. Speaking on the latest episode of Energy Perspectives,...

The United Arab Emirates has decided to leave the Organization of the Petroleum Exporting Countries (OPEC) following what Energy and Infrastructure Minister Suhail Mohamed Al Mazrouei described as a “careful and long review” of national policy and strategy.  Speaking to...

Staatsolie will host an in-person roadshow in Houston on May 26, 2026, to present Suriname’s Open-Door Offering to oil and gas companies. The event will run from 9 a.m. to noon CDT at The Post Oak Hotel at Uptown, 1600...

Guyana is entering the Offshore Technology Conference 2026 with growing international attention, as the country’s private sector points to increased interest from global investors and companies. Georgetown Chamber of Commerce and Industry (GCCI) President Kathy Smith, in an exclusive interview...

The Caribbean Community (CARICOM) on April 28 maintained its support for Guyana’s sovereignty while warning against the use of regional engagements to advance Venezuela’s claim over the Essequibo region, as the matter remains before the International Court of Justice...

Guyana’s President Irfaan Ali has written to the chairman of CARICOM, urging regional leaders to remain vigilant after Venezuela’s acting President was seen displaying a symbol asserting Caracas’ claim over Guyana’s Essequibo region during engagements in Caribbean member states. In...