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Staatsolie seals offshore deals with PETRONAS, Chevron for Suriname’s Blocks 9 and 10

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Staatsolie Maatschappij Suriname N.V. signed Production Sharing Contracts (PSCs) for offshore Blocks 9 and 10 with PETRONAS Suriname E&P B.V. and Chevron Suriname Exploration Limited as operators. Staatsolie, in an announcement today, said for Block 9, PETRONAS Suriname will lead...
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Guyana raises 2025 growth forecast to 15.2% on stronger oil output

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Guyana has upgraded its 2025 economic growth forecast to 15.2%, citing continued strength in oil production that has offset weaker global crude prices, the Ministry of Finance said in its mid-year report. The revised projection marks a sharp increase from...
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ExxonMobil seeks local insurer for Hammerhead-related exposures

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ExxonMobil Guyana Limited has issued a Request for Information (RFI) to identify qualified suppliers to provide a Local Insurance Policy for the Hammerhead Construction All Risk (CAR) Insurance Package Program. The RFI seeks insurers who meet the requirements under section...
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Exxon, partners recover US$6.6 billion in Guyana oil costs in first half of 2025 – Finance Ministry reports

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ExxonMobil and its partners recovered about US$6.6 billion in costs from Guyana’s oil sector in the first half of 2025, the Ministry of Finance said in its mid-year report. The report, released on Monday, reflects the continued recouping of...
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Stabroek Block co-venturers’ US$100M prog. pushing sustainable development in Guyana hotspot

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The Greater Guyana Initiative (GGI) held its second annual Stakeholder Forum at the Guyana Marriott Hotel on October 31. The event brought together beneficiaries from all of Guyana's 10 Administrative Regions for a day of reflection, dialogue, and collaboration...
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TOFCO delivers largest fabricated jacket for Shell’s Manatee Gas project

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Trinidad Offshore Fabricators Company Limited (TOFCO) has completed the successful float-off of the Manatee Jacket – Row C, marking a key milestone in one of Trinidad and Tobago’s most significant offshore gas projects. The float-off took place on October 1...
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Chinese engineering giants among 12 groups vying to build natural gas facility in Guyana

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Twelve groups, including several major Chinese engineering firms, have submitted proposals to construct a natural gas liquids (NGL) storage and marine offloading facility in Guyana — a key component of the country’s landmark Gas-to-Energy project. The National Procurement and Tender...
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ExxonMobil to showcase Proxxima technology on upcoming Hammerhead FPSO

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ExxonMobil will put its new Proxxima materials to the test on the upcoming Hammerhead floating production, storage and offloading (FPSO) vessel, its seventh development in Guyana’s prolific Stabroek Block. Chairman and Chief Executive Officer Darren Woods made the disclosure during...
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Here’s everything you need to know about ExxonMobil’s proposed Longtail development 

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ExxonMobil’s proposed Longtail project will mark Guyana’s entry into gas development, setting the stage for the country’s first non-associated gas production. The project, which targets a final investment decision in 2026, is expected to operate for three decades and...
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Chevron CEO hails Guyana progress, praises team behind Yellowtail, Hammerhead projects

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Chevron’s Chairman and Chief Executive Officer, Mike Wirth, said the company is pleased with progress in Guyana following its acquisition of Hess Corporation’s assets.  Speaking during Chevron’s third-quarter 2025 earnings call, Wirth confirmed that the Yellowtail project began production during...
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Chinese oil and gas giant CNOOC eyes greater role in Trinidad and Tobago’s energy sector

Executives from China National Offshore Oil Corporation (CNOOC) this week met with Trinidad and Tobago’s Ministry of Energy and...

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