News

Shearwater has secured a two-month seismic survey contract from ExxonMobil Guyana Limited for work over the Yellowtail development area in the Stabroek Block offshore Guyana. The Norway-based marine geoscience company said on June 11 that the scope covers a distributed...

ExxonMobil Guyana Limited and SLB are using autonomous drilling technology offshore Guyana to improve deepwater well delivery, according to a case study published by SLB on February 4, 2026. The companies deployed SLB’s proprietary Neuro autonomous directional drilling and DrillOps...

SBM Offshore says its Green Farms Initiative, which supports the local production of fresh produce not traditionally grown in Guyana, is reducing food imports while strengthening supply chains that support offshore operations. A report the company published on June 9...

Barbados’ offshore acreage could hold more than 13 billion barrels of oil in place, based on seismic surveys and technical assessments, as the country advances direct negotiations for exploration licences across 19 offshore blocks.  The figure adds scale to the...

ExxonMobil Guyana Limited (EMGL) is moving to put insurance arrangements in place for the Longtail development, Guyana’s first offshore project focused on non-associated gas. The company has issued a Request for Information (RFI) to identify suppliers capable of providing insurance...

Trinidad and Tobago has signed a Production Sharing Contract for the TTUD-1 Block with ExxonMobil Trinidad and Tobago Limited and Occidental Petroleum (Oxy), moving forward with one of the country’s largest ultra-deepwater exploration areas. The contract was signed on Monday,...

ExxonMobil Guyana wants local companies to play a larger role across the full fabrication value chain as offshore activity expands. The company’s Production Manager, Huzefa Ali, made the statement during a ceremony marking the completion of the first floating production,...

Guyanese entrepreneurs seeking to enter the oil and gas sector could soon access collateral-free, interest-free financing through the proposed Guyana Development Bank, which the government says will help businesses overcome one of the industry's biggest barriers to entry.  On June...

ExxonMobil Guyana generated US$8.1 billion (approx. GYD $1.7 trillion) in revenue in 2025, supported by 102 crude oil lifts from the Stabroek Block, representing its share. John Colling, Vice President and Business Services Manager, told journalists during a June 9...

Guyanese businesses are being invited to submit bids for vulcanizing services under a new request for information issued by Saipem Guyana, aimed at supporting its offshore and onshore operations linked to developments in the Stabroek Block. The opportunity was published...