News

While the exploration success carried less momentum, Guyana’s oil and gas sector hit several milestones in 2023. Let’s look back at a few of those in no particular order.  Starting with discoveries…  In January, Hess announced the Fangtooth SE-1 discovery, revealing...

Guyana Deep Water Operations Inc. (GDO), a subsidiary of SBM Offshore, has issued a request for information (RFI) seeking technical expertise from potential suppliers. The RFI aims to secure a contractor for the execution of the ‘underwater in lieu...

Offshore drilling contractor Noble Corporation has inked a deal with Petrobras, clinching a contract for its semi-submersible rig, the Noble Discoverer, to render drilling services off the coast of Colombia. The contract guarantees a firm duration of 400 days, scheduled...

Guyana's Gas-to-Energy project is set to receive significant financial support from the United States, according to Vice President Bharrat Jagdeo. Jagdeo detailed the ongoing negotiations and assurances received from various US departments, highlighting the expected approval of a substantial...

ExxonMobil Guyana Limited (EMGL) is actively pursuing partnerships for architectural and engineering support services to bolster future construction endeavors within the Port Mourant, Berbice area. The company aims to identify suppliers capable of facilitating upcoming projects in the region. Currently,...

Norwegian energy research and business intelligence company, Rystad Energy, has forged an influential partnership with Denmark’s Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, advancing the maritime sector's role in the energy transition. The agreement, officially formalized on December...

GAICO Construction and General Services Inc. announced that it completed the materials offloading facility (MOF) for the Gas-to-Energy project and is currently undertaking the laying of 26 kilometers of onshore pipelines.  “As a local company we are excited about this...

President of PDVSA and Minister of Petroleum for Venezuela, Rafael Tellechea, said the company, as well as Shell and the National Gas Company of Trinidad and Tobago, signed a license for the development of the Dragon gas field, in...

Oil production in Guyana hit the half a million barrels per day milestone at the close of November with the addition of the Prosperity floating production, storage and offloading (FPSO) vessel at the ExxonMobil-operated Stabroek Block. This is according to...

In a recent telephone conversation with Venezuelan President Nicolas Maduro, Russian President Vladimir Putin advocated for “a settlement of the territorial dispute between Venezuela and Guyana through political and diplomatic means.” The discussion, held on December 21, 2023, touched...