News

"We are here to listen," Vice President Dr. Bharrat Jagdeo said as keynote speaker for the opening of Guyana's first ever Local Content Summit, Tuesday at the Pegasus Corporate Centre. The summit comes as the government is gearing up to...

Former President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker, is heavily criticizing calls to renegotiate the contract Guyana entered with ExxonMobil and the Stabroek Block co-venturers. Tucker pointed out that arbitrary decisions to change the...

Offshore competition could heat up in Guyana, with Shell Corp. mulling a stunning return after leaving the country 10 years ago.  ExxonMobil is currently the sole oil producer in the South American country and the only company that has found...

Saipem said that it was recently awarded new offshore engineering, procurement construction and installation contracts and competitive front end engineering design (FEED) contracts, totaling US$650 million.  One award is from Azule Energy for the Agogo Full Field Development project, a...

With a target of cutting emissions by 15% by 2030, Trinidad and Tobago’s Energy Minister Stuart Young and a team of officials met with executives from three major petrochemical companies to discuss the country’s potential for carbon capture, utilisation...

The International Court of Justice (ICJ) said it will make a key ruling in the border case between Guyana and Venezuela: Arbitral Award of 3 October 1899 (Guyana v. Venezuela). The judgment is not related to the conclusion of...

Westmount Energy believes that the Tanager-1 discovery at the Kaieteur Block has potential to be a tie back for a development at Ranger, discovered in 2018 on the Stabroek Block. ExxonMobil Guyana President Alistair Routledge had told OilNOW on...

McDermott said it has been awarded a front-end engineering design (FEED) contract from Shell Trinidad and Tobago Limited for the Manatee gas development project as part of a competitive FEED process.  Under the contract scope, the Texan company will provide...

Updated April 2, 2023 Back in 2014, geologic models indicated a potential working hydrocarbon play in the Stabroek Block. The closest known hydrocarbon accumulations were located onshore Suriname and offshore Venezuela. At the time there were no wells in the...

Baker Hughes, Saipem and Schlumberger (now SLB) together with Equinor were among the top awardees for the Offshore Technology Conference (OTC) 2023 Spotlight on New Technology Award.  SLB, Baker Hughes and Saipem are all key contractors for ExxonMobil Guyana, operator...