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DOF caps 2024 with US$2B in contracts and high fleet utilisation

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DOF Subsea reported a record performance in 2024, driven by strong market activity across all regions. The Group said it achieved 88% fleet utilisation, supported by a robust backlog at the start of the year and strong operational execution. According...
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Guyana rejects China’s border controversy comments, points out silence on Venezuela’s election plans 

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The Government of Guyana has addressed a recent call from China’s Embassy in Georgetown for Guyana and Venezuela to resolve their decades-old border controversy in a friendly manner. “The Ministry of Foreign Affairs and International Cooperation rejects the statements made...
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Exxon seismic survey at Stabroek Block to continue through 2025

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ExxonMobil Guyana Limited will continue its Ocean Bottom Node Seismic Surveying operations in Guyana’s Exclusive Economic Zone until December 31, 2025. The activities are being conducted at the Stabroek Block where the company is the operator. According to a...
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Trinidad offers scholarships to citizens to meet petroleum industry needs

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The government of Trinidad and Tobago has opened applications for ten scholarships aimed at bolstering the country’s petroleum and natural gas sectors through the development of skilled human resources. The scholarships, offered under production sharing agreements with oil companies, are...
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Halliburton launches 2025 recruitment for development excellence engineer program in Guyana

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Halliburton has announced the launch of its 2025 recruitment drive for the Development Excellence Engineer Program (DEEP) in Guyana. The global energy services provider is calling on final semester students and recent graduates from STEM fields to apply. The DEEP program...
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Trinidad’s 2024 gas output averages 2.537 bscf/d – Energy Ministry 

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Trinidad and Tobago produced an average of 2.537 billion standard cubic feet of natural gas per day (bscf/d) in 2024, according to full-year data released by the Ministry of Energy and Energy Industries, with output rebounding in the second...
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Guyana on course to hit almost 1 million barrels of oil per day as 4th FPSO arrives 

Shikema Dey -
The start-up of ExxonMobil’s Yellowtail Development in the Stabroek Block draws near as the ONE GUYANA floating production, storage and offloading vessel (FPSO) officially arrived in country today.  On the vessel’s arrival, Minister of Natural Resources, Vickram Bharrat, shared, “The...
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Guyana gov’t working with U.S. firm on port that will support second gas project

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International engineering giant Bechtel is working closely with the Government of Guyana to develop a deep-water port in Berbice, Region Rix (East Berbice-Corentyne). This is according to President of the South American country, Dr. Mohamed Irfaan Ali.  The facility is...
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Cranes Guyana Inc. to develop US$285M port in Berbice – President Ali 

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Muneshwers Limited and John Fernandes Limited, through its joint venture Cranes Guyana Inc., will invest over US$285 million for a modern port facility in Berbice. The project, which was first announced during this year’s Local Content Summit, is expected to...
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Chevron returns oil to Venezuela ahead of U.S. sanctions deadline

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Venezuelan state oil firm Petroleos de Venezuela SA (PDVSA) has ordered Chevron Corporation to return nearly one million barrels of oil, amid payment uncertainty related to U.S. sanctions.  Reuters - citing shipping data and sources - reported on April 14...
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Exxon to relinquish 9% of Stabroek Block acreage

ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement,...

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