News

Noble Corporation plc reported first-quarter 2026 results on April 26, with higher revenue and earnings driven by improved fleet utilization. The company said contract drilling services revenue totaled US$743 million in the first quarter, up from US$705 million in the...

Offshore safety zones are controlled maritime areas set around oil and gas installations to reduce risks to infrastructure and seafarers. They are a standard feature of offshore production and expand as activity increases in marine environments. Safety zones are established...

Ultra-deepwater oil operations involve drilling in water depths greater than 5,000 feet (1,524 meters), where production takes place far below the ocean surface using complex subsea systems linked to floating production, storage, and offloading (FPSO) vessels. In Guyana, this activity...

Systems to prevent routine flaring are standard across major offshore developments in Guyana. Integrated systems on floating production, storage, and offloading (FPSO) vessels capture natural gas which is currently being extracted alongside oil from offshore fields.  This oil-linked gas is...

Touchstone Exploration Trinidad Ltd has completed one of its largest logistics operations in recent years, Trinidad and Tobago’s Ministry of Energy and Energy Industries said on Friday, as the company moves to boost gas output from its Cascadura field. The...

Global oil and gas project approvals are on track to exceed US$100 billion in 2026, driven by renewed momentum in offshore and deepwater developments, SLB Chief Executive Olivier Le Peuch said on the company’s Q1 earnings call on Friday. This,...

Guyana is among the key areas attracting high-impact offshore exploration as major oil companies increase investment in ultra-deepwater drilling to secure future supply, according to an April 23 analysis by Wood Mackenzie. The report said recent discoveries by ExxonMobil offshore...

Guyana continues to maintain its status as a carbon-negative country, according to Sarah Browne-Shadeek, Minister of Amerindian Affairs, who said the country’s forest-based climate model under the Low Carbon Development Strategy (LCDS) has also generated GY$14.4 billion (approximately US$69...

MODEC Guyana Inc. is seeking qualified subcontractors to support produced water treatment operations on floating production, storage and offloading (FPSO) vessels linked to offshore developments in ExxonMobil Guyana’s Stabroek Block. The Japanese builder has contracts to deliver two FPSOs of...

Gas projects offshore Guyana are being developed around two types of natural gas: associated gas produced during oil production and non-associated gas found in gas reservoirs. These types determine how the gas will be extracted and transported to shore...