News

Local content specialist Anne Rita Wijdh is urging major offshore operators in Suriname to begin investing in advanced academic and research programs before first oil production begins, pointing to Guyana’s ExxonMobil-supported education initiatives as an example of how early...

Solar photovoltaic (PV) power was the largest driver of global energy demand growth in 2025, surpassing fossil fuels for the first time on record as electricity systems accelerated toward cleaner sources, according to the International Energy Agency’s (IEA) Global...

ExxonMobil plans to use its Proxxima™ technology in the Hammerhead offshore Guyana development and future floating production vessels in the Stabroek Block, as the company expands its use of advanced subsea materials and applications. The update came during the company’s...

ExxonMobil says future investment in Venezuela will depend on whether projects can deliver competitive returns and low-cost production from the country’s heavy oil resources. The position was outlined during the company’s first quarter 2026 earnings call, when Chief Executive Officer...

Surinamese graduates participating in the training program linked to the GranMorgu offshore oil development met with SBM Offshore’s CEO Øivind Tangen on May 12, 2026 in Kuala Lumpur, Malaysia. The graduates are part of the STS Graduate Program, launched earlier...

The Guyana Local Content Summit is back in 2026 and will be held from June 2-3 at the Houston Event Centre, Four Points Sheraton. Discussions have been planned around policy developments, financing, workforce challenges and business opportunities linked to...

The Guyana government said on Thursday it had settled contractual disputes tied to the country’s flagship Gas-to-Energy project, while reaffirming that first power from the development remains targeted for the end of 2026. The disputes involved work being carried out...

The governments of Guyana and the Dominican Republic said on Thursday they are continuing discussions on a proposed oil refinery project in Guyana and potential Dominican investment in the offshore Berbice Block In a joint statement, the governments said the...

Trinidad and Tobago’s offshore geology shows similarities with deepwater reservoirs in Angola and Guyana, pointing to continued exploration potential in the region, ExxonMobil’s Vice President of Exploration John Ardill said on May 5.  According to Reuters, Ardill told the Offshore...

Starting May 10, ExxonMobil Guyana continued exploration drilling activities at the Goby-1 prospect in the Stabroek Block.  A notice from the Maritime Administration Department (MARAD) confirmed that the Stena Carron drillship will conclude drilling by July 31.  Stena Carron continues Goatfish-1...