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Guyana’s ‘highly competitive, low carbon oil’ will catapult country to world’s 4th largest offshore producer by 2035

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Ahead of veterans like Norway and Mexico, Guyana is projected to become the world’s fourth-largest oil producer by 2035, according to a new United Nations Economic Commission for Latin America and the Caribbean (ECLAC) report.  “The dynamic performance of the...
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Guyana mega oil project pushes country to third place for highest value foreign investment in 2022 – new report

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Guyana trailed behind only Mexico and Brazil, holding the third slot as the country with the highest total value of foreign direct investment (FDI) project announcements for 2022 in Latin America and the Caribbean.  Outlined in the new United Nations...
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Historic dismantling of FPSO in Brazil marks dawn of a new era for South America’s biggest oil producer 

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Brazil’s state-owned oil entity Petrobras is building out its green recycling market with the sale of the first floating production, storage and offloading (FPSO) vessel closed on July 7. Now, the company will spend US$9.8 billion to retire at...
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101 major subsea assets installed in Guyana waters by Edison Chouest C-INSTALLER vessel

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Edison Chouest’s (ECO) C-INSTALLER - a 318 ft. multipurpose support vessel has operated in Guyana for the past five years and has been integral to the country’s offshore oil operations.  ECO shared that the C-INSTALLER positioned 101 major subsea assets...
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Guyana oil exports to generate US$11.3 billion in 2023

Kemol King -
The Guyana government expects crude oil exports this year to generate US$11.3326 billion in 2023, a 14% increase from the 2022 figure, according to budget documents.  These revenues are expected from oil production at the ExxonMobil-operated Stabroek Block, from the...
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Wellesley makes Norway’s largest discovery in a decade

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In a major breakthrough for the Norwegian oil and gas industry, Wellesley Petroleum AS has made the largest discovery on the Norwegian Continental Shelf in a decade. Its partner, DNO ASA, announced the significant gas and condensate discovery on...
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TT, Suriname to produce feasibility studies on future development of hydrocarbon resources

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Trinidad and Tobago and Suriname have laid the foundation for energy cooperation with a new Memorandum of Understanding (MoU) signed on July 6.  TT’s Prime Minister Dr. Keith Rowley and Surinamese President Chandrikapersad (Chan) Santokhi witnessed the signing by Trinidad’s...
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Team Infinity Tech emerges winner in SBM Offshore Guyana-sponsored Innovation Challenge 2023

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The Office of the Prime Minister's Industry and Innovation Unit's Innovation Challenge 2023 reached its exciting conclusion on Sunday at the Arthur Chung Conference Centre. The event, sponsored exclusively by SBM Offshore Guyana, showcased the innovative talents of local...
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Legislators to seek amendments to Guyana’s oil bill in Parliament – Patterson

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Former government minister, David Patterson, said Members of Parliament (MP) from his political party, Alliance for Change (AFC), will propose amendments to the Petroleum Activities Bill. The government is preparing to take the Bill to Parliament for scrutiny and...
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Stabroek Block drilling contractors Noble, Stena to host Business Forum for local suppliers

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Local suppliers in Guyana will have an opportunity to connect with two of ExxonMobil’s biggest drilling contractors - Noble and Stena - at a Business Forum set to take place on Wednesday. The event will be hosted at Duke Lodge...
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Longtail project to mark beginning of Guyana’s new gas chapter – ExxonMobil’s Routledge

ExxonMobil Guyana President Alistair Routledge says the upcoming Longtail development will open a new chapter in Guyana’s energy journey,...

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