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A tale of two pipelines: US, Guyana projects forge ahead, despite environmental lobby

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The Mountain Valley pipeline project is one of many marred by delays due to regulatory and legal battles with environmentalists. But now, the project is a go, after a U.S. Supreme Court granted lifts on stays that halted its...
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SBM Offshore Guyana Announces Scholarship Program for Indigenous Women

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SBM Offshore Guyana has taken a significant step towards fostering education with the launch of its Scholarship Programme for Indigenous Women in STEM. The program, unveiled on July 19 in the new oil producing South American country, aims to...
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Repsol rewards shareholders with €2.4 billion amidst strong earnings in H1 2023

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Repsol, the Madrid-based energy titan, delivered a solid performance for the first half of 2023, posting net income of €1.42 billion, despite a global downturn in energy prices and demand. The company's robust earnings were fueled by increased production,...
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Shipyard building Guyana FPSOs records highest profit in 55-year history

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Singapore’s Keppel Corporation Limited (Keppel) reported a net profit of over S$3.6 billion for the half year ended 30 June 2023, the highest profit on record in the Company’s 55-year history. 1H23’s net profit was significantly higher than the...
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It’s in Exxon’s interest to show increased resources but they have to analyse the data – Jagdeo

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More than a year has passed since ExxonMobil last updated its estimate of the proven Stabroek Block resources, raising the bar to an impressive 11 billion oil-equivalent barrels. In the time since, there have been several significant commercial discoveries...
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Uaru SURF contract among Saipem’s biggest for Q2 as revenues soar to €5.3 billion

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Oilfield giant, Saipem recorded €5.3 billion in revenues for the second quarter of 2023, bolstered by several mega contracts including one for ExxonMobil Guyana’s massive Uaru development. That figure is up from €4.2 billion in the same period last...
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Major Trinidad upstream gas supplier shuts in production due to technical issue – Ministry

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In a blow to Trinidad and Tobago's energy sector, one of the major upstream natural gas suppliers has had to cease production due to an unexpected technical issue. The Ministry of Energy and Energy Industries of Trinidad and Tobago...
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ExxonMobil snags US$7.9B in profits for 2023 second quarter

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American multinational, ExxonMobil Corporation, announced Friday that it made US$7.9 billion or US$1.94 per share during the 2023 second quarter. This represents a US$3.7 billion decline in profits compared to its US$11.6 billion earnings for the first quarter. When compared...
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Stena rig departing prolific Stabroek Block for routine maintenance in T&T

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The Stena Carron Drillship, a key player in the offshore oil exploration operations at Guyana's Stabroek Block, will be heading to neighbouring Trinidad and Tobago for routine maintenance before returning to the ExxonMobil-operated acreage. The vessel has been playing...
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SBM Offshore Guyana advancing HSSE through multiple awareness programmes

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Over the last several years, safety has become a key topic in the local business sector, with the movement to improve and advance Health, Safety, Security and the Environment (HSSE) being propelled by the oil and gas industry. SBM...
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Guyana must transform its oil boom into sustainable, broad-based prosperity – Minister Ally 

Guyana’s Minister of Public Service, Government Efficiency and Implementation, Zulfikar Ally, has called on business leaders to convert the...

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