News

The return of Venezuelan crude to international markets could support efforts to restart refinery operations in Trinidad and Tobago, the Energy Chamber of Trinidad and Tobago said in a statement on April 20, pointing to renewed shipments into the...

The ONE GUYANA floating production, storage and offloading vessel (FPSO) has received the American Bureau of Shipping (ABS) SUSTAIN-1 notation, SBM Offshore announced on Monday.  The company stated, “FPSO ONE GUYANA has received the ABS SUSTAIN-1 notation, marking another step...

Guyana’s capping stack is a critical offshore oil spill response asset designed to rapidly contain a subsea well blowout, strengthening the country’s emergency preparedness as oil production expands. What is a Capping Stack? A specialized subsea device used to seal a...

Discoveries offshore Guyana led by ExxonMobil are among the high-impact finds reshaping global oil exploration, according to a Wood Mackenzie report published on April 16. The firm noted that discoveries are concentrated in ultra-deepwater basins, highlighting ExxonMobil’s Guyana portfolio alongside...

Residents of Berbice, Region Six (East Berbice-Corentyne), are being encouraged to take greater advantage of oil and gas and technical training opportunities at the Guyana Technical Training College Inc. (GTTCI). Professor Clement Sankat, Director of GTTCI, made the appeal on...

Subsea tiebacks are playing a key role in the development and expansion of offshore oil production in Guyana’s Stabroek Block, where ExxonMobil Guyana and its co-venturers lead major projects.  The Stabroek Block hosts multiple developments that use tiebacks, like Payara...

The Greater Guyana Initiative (GGI), a US$100 million investment by the Stabroek Block co-venturers, has opened applications for new project proposals, targeting organizations seeking funding for development-focused programs across Guyana. The initiative is backed by ExxonMobil, Hess, and CNOOC. It...

Dear Editor, For many Guyanese families, access to life-saving heart care has long meant expensive travel, long waits, or going without treatment altogether. Today, that reality is beginning to change. As oil revenues grow, we are seeing tangible investments in healthcare...

Iran is now warning it will shut the Strait of Hormuz to commercial shipping again if the United States continues its naval blockade of Iranian ports, according to the CNN news outlet.  Iran had announced earlier today that the Strait...

SBM Offshore introduced its Fast4Ward program to improve predictability and shorten delivery timelines for floating production, storage and offloading (FPSO) projects, Chief Operating Officer Alex Glenn said in a March interview with Offshore Biz. “A decade ago, our industry was...