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Hess maintains potential for up to 10 FPSOs offshore Guyana

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Hess Corporation said in its 2024 annual report that potential remains for up to 10 floating, production, storage and offloading vessels (FPSOs) offshore Guyana, as operator ExxonMobil progresses with a multi-phased development plan in the South American nation. To date,...
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Second gas project to power Guyana’s first AI data center 

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Guyana’s first Artificial Intelligence (AI) Data Center will be built in Berbice, powered by energy from the country’s second gas development project, President Dr. Irfaan Ali announced on April 12. A second natural gas pipeline will be built to land...
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ExxonMobil achieves record 4.3 million barrels per day in 2024; the highest in over a decade

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ExxonMobil produced 4.3 million oil-equivalent barrels per day in 2024, the company’s highest rate in over a decade, according to its recently published annual report.  “This record production helped meet record global demand in 2024,” Chief Executive Officer Darren Woods...
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Seventy-five of 1,250 businesses registered with the Local Content Secretariat are fully women-owned

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As of April 10, 1,250 local companies have registered with Guyana's Local Content Secretariat, and 75 of those companies are 100% female-owned. Women's participation in the energy sector is rising, with their involvement becoming crucial as the industry expects to...
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Guyanese logistics companies teaming up to develop modern port

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Muneshwers Ltd. and John Fernandes Ltd. are working through their joint venture, Cranes Guyana Inc., to bring a modern port to the South American nation’s coast.  The two leading shipping and logistics companies are setting the stage for what could...
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Noble Discoverer rig to stay offshore Colombia under extended Petrobras contract

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Noble Corporation has secured a 390-day contract extension from Petrobras Colombia for its Noble Discoverer semi-submersible rig. In an April 10 LinkedIn post, Noble said the extension pushes operations through to around August 14, 2026. Exxon Guyana drilling operations providing exciting...
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Inspired by Suriname, Guyana considers bonds for local energy participation

Shikema Dey -
Guyana is weighing the use of bonds as a financing tool to deepen local participation in its growing oil and gas sector. This is according to Vice President Bharrat Jagdeo during his weekly press briefing on April 10.  The...
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MODEC seeks laboratory partner for potable water testing in Guyana

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MODEC is inviting expressions of interest (EOI) for laboratory testing of potable water samples from its offshore fleet in Guyana. The company requires physical, chemical, and microbiological analyses. Testing must align with standards set by Guyana Water Incorporated (GWI). Eight Guyanese...
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Bharrat: Local Content law not a shield for mediocrity or overpricing

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Guyana’s Minister of Natural Resources, Vickram Bharrat, has warned that the country’s Local Content law must not be misused by local companies as a cover for poor standards or inflated costs.  “The local content legislation, by no means, is protection...
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Local Content value to surpass US$847M in 2025 — Pertab

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The Local Content Secretariat expects the value of local content in Guyana's oil and gas sector to exceed US$847 million in 2025. This marks an increase of nearly US$104 million over 2024. Director of the Secretariat, Dr. Martin Pertab, said...
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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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