News

Eco Atlantic Oil & Gas' Chief Executive Officer (CEO) Gil Holzman says its future partner in the Orinduik Block offshore Guyana could secure as much as 75% stake in the acreage.  Eco is the sole owner of the block but...

MAN Energy Solutions said it was commissioned by MODEC to deliver eleven RB-type compressor trains for a Brazil-bound floating production, storage and offloading (FPSO) vessel.  Offshore Frontier Solutions Pte. Ltd. a MODEC Group company, was started in partnership with Toyo...

Data from Guyana’s Ministry of Natural Resources indicates that in the month of February, ExxonMobil’s Liza 1 and 2 developments demonstrated the steadiest output at their respective peak ranges since production began. Payara was also stable with just a...

(Bloomberg) – Chevron Corp.’s discussions with Exxon Mobil Corp. and China’s Cnooc Ltd. over a prolific oil field off the shores of Guyana ended “abruptly” a few weeks ago, Chief Executive Officer Mike Wirth said. Chevron held constructive talks with...

Blue Water Shipping has announced the opening of applications for its highly anticipated 2024 Trainee Program, offering invaluable opportunities for aspiring logistics professionals in Guyana. With a focus on developing talent within the country, the program aims to equip...

Venezuela has initiated a process to bolster its offshore exploration efforts by partnering with Geoex MCG, a UK-based subsurface data specialist, to conduct extensive seismic data acquisition across the country’s gas-rich offshore waters. Geoex MCG Ltd announced the signing of...

Speaking publicly for the first time on ExxonMobil’s pursuit of an arbitration case that could block Chevron's purchase of Hess, CEO Darren Woods said Exxon’s objective is to establish it has rights over Hess’ Guyana assets, not to buy...

The Saipem FDS2 vessel is engaged in installation activities offshore Guyana, in support of ExxonMobil’s massive Yellowtail development project, according to an update from Guyana’s Maritime Administration Department.  The vessel is expected to operate through 2024 in anticipation of production...

In the wake of ExxonMobil's recent revelation of yet another oil discovery in the Stabroek Block, an Alliance for Change (AFC) party official has expressed the belief that the company has discovered way more oil and gas than is...

CNOOC Limited announced a major oil field discovery at the Qinhuangdao 27-3 in Bohai Sea, adding over a hundred million tons of oil equivalent proved in-place volume, in a March 18 update. Qinhuangdao 27-3 is located in the north-central waters...