News

ExxonMobil’s Longtail FPSO specs cater for higher production

Design specifications for the floating production vessel planned for ExxonMobil's proposed Longtail project in Guyana allow for higher production, according to the environmental impact assessment (EIA) report submitted by ExxonMobil. This could facilitate increased hydrocarbon production once initial levels...

Thousands of teachers and students in Guyana are expected to feel the impact of ExxonMobil’s STEM investment

ExxonMobil is positioning long-term science and engineering education as central to Guyana’s workforce development, with executives and students underscoring the impact of hands-on learning and expanded access to technical training. In a video released by the company on February 4,...

Exxon completes environmental study for Guyana’s first non-associated gas project

ExxonMobil has submitted the environmental impact assessment and environmental impact statement for the proposed Longtail development offshore Guyana, a key step toward the country’s first non-associated gas project. The documents were filed with the Environmental Protection Agency, according to a...

Automation, emissions reduction to define next generation of FPSOs — MODEC

Automation, digital technologies, and emissions reduction are expected to shape the next generation of floating production, storage and offloading (FPSO) vessels, according to discussions at the Deepwater Development Conference in Lisbon, Portugal.  The conference, hosted by World Oil and Gulf...

Conflict scenarios could push Brent toward US$135 per barrel – Rystad Energy analyst

Brent crude prices could climb as high as US$135 per barrel if the current geopolitical tensions disrupt oil supplies for several months, according to Jorge León, Head of Geopolitical Analysis at Rystad Energy. León outlined the potential price paths in...

Guyana’s Technical Training College Inc. explained 

Guyana established the Guyana Technical Training College Inc. (GTTCI) to prepare Guyanese technicians for jobs in the country’s growing oil and gas industry. The training institution delivers specialized technical education aligned with offshore petroleum operations and supports the country’s...

Deepwater to remain a core growth engine as Brazil and Guyana underpin production growth 

Deepwater oil and gas development will remain a major driver of global supply, with Brazil and Guyana expected to underpin production growth, according to discussions at a recent Deepwater Development Conference in Lisbon, Portugal.  The conference, organized by World Oil...

CNOOC-backed China scholarship now includes Energy Economics for 2026 

The Ministry of Natural Resources and CNOOC Petroleum Guyana Limited have opened applications for fully funded scholarships in China for 2026, adding Energy Economics to the list of programs available to Guyanese students. The scholarship opportunity, according to a public...

Seismic surveys underway in Guyana’s EEZ

Several seismic surveys are underway or planned offshore Guyana, as companies and the government gather new subsurface data to guide exploration in the country’s Exclusive Economic Zone (EEZ).  These programs target both shallow-water and ultra-deepwater acreage and are designed to...

Venezuela has no authority over seismic work in Guyana’s waters – gov’t

Guyana has rejected Venezuela’s objection to a planned three-dimensional multi-client seismic exploration program within its Exclusive Economic Zone (EEZ), stating that the activity falls fully within its sovereign rights. The Ministry of Foreign Affairs and International Cooperation issued its response...

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Guyana’s Liza crude to join Platts European index – S&P Global Energy

Guyana’s Liza crude is set to be included in the Platts European Sour Crude Index (ESCI) on a delivered...