News

- Simulation exercise signals strong potential for the future energy workforce Three students from the University of Guyana (UG) student chapter of the Society of Petroleum Engineers (SPE) emerged as top performers at the country’s first-ever PetroChallenge, a high-intensity oil...

ExxonMobil Guyana has awarded a limited notice to proceed (LNTP) to Italy’s Saipem, related to its proposed Longtail project in Guyana, signaling a future full contract award that Saipem said could be worth up to US$1.5 billion. The Italian engineering...

Halliburton listed Guyana’s first fully automated closed-loop well placement system among its first-quarter 2026 technology highlights. “Halliburton, in collaboration with ExxonMobil Guyana, Sekal, and Noble, delivered a groundbreaking step forward in digital well construction to achieve the deepwater industry’s first...

Global oil demand is on track for its steepest quarterly decline since the COVID-19 pandemic, the International Energy Agency (IEA) said in an April 21 report, as the Iran war disrupts supply, lifts prices, and cuts fuel use across...

South America’s upcoming oil developments, including several in Guyana, are gaining increased importance due to recent developments in the Middle East, Norway-based Rystad Energy said in an April 21 analysis. “The Middle East conflict has done more than spike oil...

Halliburton reported stronger performance in Latin America in the first quarter of 2026, with revenue rising 22% year over year to US$1.1 billion, driven by increased activity across multiple oilfield service lines, according to its April 21 earnings release. According...

ExxonMobil Guyana will continue development drilling at the Uaru Project’s UA_3P08 drill center in the Stabroek Block as work advances on one of Guyana’s largest sanctioned offshore developments. The development drilling campaign, according to a recent notice from the Maritime...

Guyana has opened up an estimated US$340 million in gas-based investment opportunities linked to the Wales Gas-to-Energy project, with the government noting that local investors will be prioritized. According to the Department of Public Information (DPI), the Office of the...

Guyana’s offshore oil surge continues to rank among the world’s fastest-growing conventional developments, but its pace is being outstripped by shale, as upstream companies renew efforts to expand unconventional supply globally, according to Wood Mackenzie’s April report.  The report indicates...

Eni and Repsol have reached an agreement with Venezuela to increase domestic gas supply from the Perla offshore field before targeting exports with higher production by 2031, according to an April 20 Bloomberg report. The field in the Gulf of...