News

New projections by the International Energy Agency (IEA) see Latin America’s oil production increasing by 25% by 2028. Guyana and Brazil are among those leading this growth.  “Oil-producing countries outside the OPEC+ alliance dominate plans for increasing global supply capacity...

Career diplomat, Dr. Riyad Insanally, sees Guyana’s recent election to sit on the United Nations Security Council, for the period 2024-2025, as a helpful addition to the repertoire of avenues that can be tapped by the government in its...

The energy transition talks came in hot but there appears to be a shift; majors are backpedaling on prior commitments to cut back on oil production.  bp was the first, and now Shell Corporation is moving in the same direction.  The...

Exploration efforts in the Canje and Kaieteur Blocks offshore are continuing, according to ExxonMobil Guyana, which said that experts are diligently examining the post-drill results to gain deeper insights into the oil and gas potential outside of the Stabroek...

Baker Hughes has been awarded a major contract by Eni and its partner Petroci for the Baleine Phase 2 project in Ivory Coast, Africa’s first Scope 1 and 2 net-zero emissions development. This award includes eight deep water trees, three...

Guyana's Vice President Dr. Bharrat Jagdeo has announced a one-month postponement of the country's offshore licensing round beyond the July 15 bid submission deadline. The delay is to facilitate a review of Guyana's oil and gas regulatory framework. The...

The Centre for Local Business Development has announced the shortlisting of 35 entrepreneurs for its highly anticipated ElevateAll Weekend Business Bootcamp. This selection marks the beginning of Phase One of the programme, aimed at empowering local business owners, operators,...

The Liza Destiny and Liza Unity floating, production, storage and offloading vessels (FPSOs) are on ExxonMobil Guyana’s radar for purchase, said its Vice President and Business Service Manager, Phillip Rietema.  Both vessels were constructed by Dutch floater specialist SBM Offshore...

Tianjin-based marine engineering equipment supplier, Bomesc Offshore Engineering, has successfully secured a contract worth US$152 million for the topsides integration on the Errea Wittu floating production, storage and offloading (FPSO) vessel being constructed for ExxonMobil’s Uaru development in Guyana.  According...

TechnipFMC has signed a 20-year framework agreement with Chevron Australia Pty Ltd, under which TechnipFMC may provide Subsea 2.0™ configure-to-order subsea production systems for gas field developments off Australia’s northwest coast. The agreement covers the supply of wellheads, tree systems,...