Japan-based floating production specialist MODEC Inc. has reported strong results for the first nine months of 2025, driven by a new contract with ExxonMobil Guyana Limited for the Hammerhead development in the Stabroek Block.
The company said orders received totaled...
Kuldipsingh Port Facility has secured a 10-year contract from TotalEnergies EP Suriname after spending years upgrading its operations to meet international oil and gas standards.
The deal, announced on November 14, will see the company develop and operate an Integrated...
Suriname is preparing to host what industry analysts describe as the region’s first floating liquefied natural gas (LNG) facility, after the Sloanea gas field in offshore Block 52 was declared commercial.
Malaysian state oil company Petronas and Suriname’s national oil...
ExxonMobil’s Payara project continues to hold the record for the fastest production ramp-up among all oil developments in Guyana’s offshore Stabroek Block.
Production from the Prosperity floating production, storage and offloading (FPSO) vessel began in November 2022 and hit 220,000...
A new frontier play concept is being tested in Suriname’s deepwater as TotalEnergies and Shell explore the potential of Aptian-age carbonates on the Demerara Plateau.
According to a November 11 report from global energy magazine GeoExPRO, the Macaw-1 well in...
ExxonMobil Guyana Limited (EMGL) has expanded its offshore data acquisition work, with new geotechnical, underwater, and seismic surveys underway across the Stabroek Block.
According to a notice from the Maritime Administration Department, geotechnical surveying operations commenced on November 15 and...
Guyana exported a record 28 crude oil cargoes in October, its highest monthly total to date, as offshore production continued to climb with ExxonMobil’s new Yellowtail project. Data compiled from the Maritime Administration Department (MARAD) and ship-tracking platforms MarineTraffic,...
Guyana’s Chief Investment Officer, Dr. Peter Ramsaroop, urged local entrepreneurs to align their ventures with the nation's economic priorities, emphasizing strategy, passion, and readiness for growth.
He was speaking at the Georgetown Chamber of Commerce and Industry’s (GCCI) Business Development...
ExxonMobil Guyana President Alistair Routledge says the upcoming Longtail development will open a new chapter in Guyana’s energy journey, marking the country’s entry into large-scale gas development. He was speaking at the Berbice Development Summit, where he outlined how...
The Local Content Secretariat is moving to a digital system to cut certificate wait times and widen access in Guyana. Director Michael Munroe announced the plan on day two of a Business Development Forum hosted by the Georgetown Chamber...
