News

Key facts about Chevron, the latest oil heavyweight in Guyana’s Stabroek Block 

Chevron Corporation has officially stepped into Guyana’s energy landscape through its recent acquisition of Hess Corporation, one of the original stakeholders in the Stabroek Block. This is Chevron’s formal entry into one of the world’s fastest-growing oil frontiers. The company,...

Tenaris secures key contracts for Suriname’s first offshore oil project

TotalEnergies has awarded Tenaris a contract to supply casing, tubing, and Rig Direct® services for the GranMorgu project, Suriname’s first major offshore oil development. Tenaris said it will supply around 47,000 tons of casing and tubing featuring TenarisHydril Blue® and...

Four of the top oil and gas companies operating in Guyana 

Guyana, among the few super basins left in the world, has attracted the presence of four of the largest movers and shakers in the global energy arena: ExxonMobil, TotalEnergies, CNOOC and now Chevron.  Guyana’s oil production journey began with ExxonMobil...

Welligence says Chevron must tread carefully operating in Guyana because of border controversy 

Following the closure of the Chevron-Hess merger, market intelligence firm Welligence is advising that Chevron, now holding a 30% stake in Guyana’s Stabroek Block, to act with caution amid the ongoing border controversy with Venezuela. The Stabroek Block operated by...

Errea Wittu to be ‘largest FPSO in Guyana’ fleet – Routledge 

The Errea Wittu floating production, storage, and offloading vessel (FPSO) is expected to be the largest unit in ExxonMobil’s offshore Guyana fleet. This was shared by Country President Alistair Routledge during a recent MODEC event. MODEC is currently constructing the...

MODEC to introduce new offshore training programme in Guyana 

MODEC is expected to unveil a new training programme to bolster Guyana’s existing offshore capabilities, Country Manager Rafeal Fumis announced at the recent launch of MODEC’s permanent Guyana office.  “Our voyage is far from over. We are preparing to launch...

ExxonMobil to meet Guyana vendors about its contracting processes

ExxonMobil Guyana Limited (EMGL) will host a virtual meeting with local vendors on August 19 to discuss its contracting activity and procurement procedures, according to a notice issued by the company. The feedback session, scheduled to run from 9:00 a.m....

Letter-to-the-Editor: I commend the Labour Ministry’s independent assessment of FPSOs

Dear Editor, I am pleased to acknowledge the strides made by local authorities in taking the lead in managing Guyana’s oil and gas sector. For some time now, the Ministry of Labour, through its Occupational Safety and Health Department, has...

With Chevron deal sealed, John Hess cleared for Board spot 

John Hess will now be able to sit on Chevron’s Board of Directors after the U.S. Federal Trade Commission (FTC) lifted its ban, just one day before the merger deal with Hess finally closed.  The FTC had concerns about Hess’s...

As Errea Wittu FPSO takes shape, MODEC deepens roots in Guyana with permanent office 

Mere days after the Errea Wittu FPSO arrived in Singapore for the next stage of construction, builder MODEC marked the opening of its permanent office in Guyana.   Errea Wittu is meant for Guyana's 5th oil development Uaru.  Guyana issues Uaru production...

Latest News

CGX says Guyana government open to talks over cancelled Corentyne oil license

CGX Energy said on Friday that the Government of Guyana has indicated it may be open to talks in...