News

DOF Subsea has recently clinched two significant decommissioning contracts.  The first project involves an exclusive purchase and removal deal (EPRD) for a North Sea operator, encompassing a comprehensive scope of services. DOF will spearhead project management, engineering, logistics, and execution...

The global landscape for high-impact wells (HIWs) in 2024 is poised for significant activity, with a predominant focus on the Caribbean, Latin America and Africa, according to a new S&P Global Commodity Insights report. This follows a successful 2023,...

TotalEnergies' concerted efforts in expanding its portfolio in Suriname's offshore basin, notably with the recent signing of a production sharing contract for Block 64 alongside QatarEnergy and Petronas, hold significant promise for the country's offshore oil production landscape. Block 64,...

David Goldwyn, President of Goldwyn Global Strategies LLC, and former US State Department’s special envoy and coordinator for international energy affairs, recently delved into the implications of Venezuela's heightened claim on Guyana's Essequibo region and its impact on U.S....

Ten years ago this month, Guyanese company Muneshwers Limited acquired a 30-acre property on the outskirts of Georgetown, the country’s capital city, with a plan to pursue development of a container terminal for its shipping business. But following ExxonMobil’s worldclass...

In its most recent economic review of Guyana, the International Monetary Fund (IMF) has predicted a transformative shift in Guyana's budget financing and debt dynamics over the next decade, from 2023 to 2033, propelled by a significant surge in...

MODEC, in collaboration with Toray Industries, has unveiled a carbon fiber-reinforced plastic (CFRP) patch technique designed specifically for repairs on floating production, storage and offloading (FPSO) and floating storage and offloading (FSO) systems. As part of its FPSO and FSO...

The Guyana Technical Training College Incorporated (GTTCI) is set to launch operations by next year, with the first phase nearing completion this quarter. The government of Guyana and ExxonMobil are the major partners in this venture. SBM Offshore is...

President of ExxonMobil Guyana, Alistair Routledge says managing risk is a key component of the oil and gas business and is part of the normal operations of companies in the industry. Exxon has prided itself in being able to...

Twenty-twenty two was hailed as the most successful year for exploration in Guyana's history, marked by a total of nine discoveries in the Stabroek Block and a significant find in the Corentyne Block. This year, the pace has slowed,...