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Exploration

ExxonMobil, Shell lead high-impact exploration over five-year period as NOCs surge in 2024

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ExxonMobil and Shell were the most active high-impact oil and gas explorers between 2020 and 2024, according to energy intelligence firm Westwood Global Energy Group, even as national oil companies (NOCs) surged ahead in 2024 to dominate both drilling...
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Look beyond the barrels for the success of Guyana’s oil industry – Ali 

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President Irfaan Ali has urged Guyanese to measure the success of the oil industry by more than just the number of barrels produced. “We cannot squander this moment by counting barrels only,” Ali said during a business launch event...
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SBM Offshore sees major gains from Jaguar, GranMorgu FPSOs in Guyana and Suriname

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SBM Offshore is seeing "great benefits" from its newest Fast4Ward® floating, production storage and offloading vessels (FPSOs), Jaguar for Guyana and GranMorgu for Suriname. According to the company’s 2024 Annual Report, its standardization philosophy is driving results. “The standardization philosophy...
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GGI to launch new call this July for proposals to drive capacity building in Guyana

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The Greater Guyana Initiative (GGI) will open a new call for proposals in July, inviting projects aimed at advancing strategic capacity development across the country. Backed by a US$100 million (GY$20 billion) investment from ExxonMobil Guyana Limited, Hess Guyana Exploration...
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SEOGS 2025 moves to accommodate growing participation

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Now in its fifth year, the Suriname Energy, Oil & Gas Summit (SEOGS) has grown into one of the most significant energy events in the Caribbean and South American region.  What began as a relatively contained forum for industry and...
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Lukanani-2 drilling underway as Exxon deepens oil search

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ExxonMobil has commenced drilling operations at the Lukanani-2 well site in the Stabroek Block, another step in its continued exploration campaign offshore Guyana. According to a notice from the Maritime Administration Department (MARAD), drilling commenced on June 11 and will...
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High-impact drilling delivered 5.3 billion barrels in 2024 – Westwood

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High-impact exploration drilling yielded 5.3 billion barrels of oil equivalent (boe) in potentially commercial resources in 2024, according to Westwood Global Energy Group’s State of Exploration 2025 report.  The firm’s lead analyst Andrew Jackson said during a webinar on Wednesday...
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OMS Subsea debuts operations in Guyana, bringing ROV and diving support to oil industry

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OMS Subsea officially launched its operations in Guyana, introducing remotely operated vehicle (ROV) and diving support services to the country’s growing oil and gas industry. This is regarded as a significant enhancement of Guyana’s subsea capabilities in the local...
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SBM Offshore advanced global recruitment in 2024, expanded training programs in Guyana

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SBM Offshore recruited 1,274 new staff in 2024, with the majority based in Brazil, India, and Guyana. “New joiners are successfully prepared for their jobs through intensive local onboarding,” the company stated in its 2024 annual report. Leadership training was...
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Westwood expects Petronas to conduct more exploration drilling offshore Suriname this year

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Malaysian state oil firm Petronas is expected to conduct more exploration drilling at Suriname’s offshore Block 52 this year after a key 2024 oil discovery in the area raised prospects for future development, energy consultancy Westwood Global Energy Group...
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Letter-to-the-Editor: The Guyana Super League is redefining cricket in Guyana

As an aspiring cricketer and proud Guyanese, I’m excited to see how the Guyana Super League (GSL) is not...

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