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Fueled by oil boom, Guyana leads Caribbean export growth with record 77% rise – ECLAC 

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Guyana’s export value surged by a record 77% in 2024, powered by the country’s rapidly expanding oil and gas sector, according to the Economic Commission for Latin America and the Caribbean’s (ECLAC) latest trade report.  This performance secured Guyana’s position...
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Two power ships to meet growing demand as Guyana awaits Gas-to-Energy project

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Two Karadeniz ships are in Guyana, delivered by UCC Holdings, to produce 96 megawatts (MW) of electrical power as Guyana awaits the completion of its Gas-to-Energy project.  The vessels are meant to critically meet growing demand as local heavy fuel...
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Guyana submits final legal brief to ICJ in boundary case with Venezuela

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Guyana has submitted its final written arguments to the International Court of Justice (ICJ) in its ongoing boundary case with Venezuela, the Ministry of Foreign Affairs and International Cooperation announced on December 9. The case centers on the 1899 Arbitral...
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Touchstone Exploration announces US$23 million 2025 capital budget, strategic growth plans

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Touchstone Exploration Inc. has announced its preliminary 2025 capital budget and financial guidance, focused on expanding production and optimizing its Cascadura assets. “We aim to fully leverage the extensive infrastructure and flowline installations completed in 2024 to unlock the field's...
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Halliburton Guyana seeks on-call paramedic services

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Halliburton is seeking proposals for on-call paramedic services at its Guyana facilities. These include the Eccles base, Liquid Mud Plant, and staff housing. The provider must deliver these services while operating offsite, ensuring immediate response capability when required. Halliburton reports US$709...
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VESSEL REVIEW: A look at Guyana’s next FPSO – ONE GUYANA 

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Come next year, Guyana’s Stabroek Block will have a total of four floating, production, storage and offloading vessels (FPSOs). The latest vessel is ONE GUYANA, slated for production operations at the Yellowtail field.  ONE GUYANA Facts:  Project Phase: The ONE GUYANA...
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SBM Offshore Guyana completes 900 hours of vendor training in 2024

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SBM Offshore Guyana has achieved 900 hours of training with local vendors in 2024, as part of its commitment to enhancing operational standards among Guyanese businesses. Local Content Lead Garri Fraser disclosed the achievement during the company’s Vendor Day...
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TechnipFMC installs first subsea 2.0® equipment for Guyana’s Uaru project

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TechnipFMC said it has achieved a milestone with the installation of its first Subsea 2.0® equipment in Guyanese waters.  “A tubing head for the Uaru development was successfully positioned using a Schilling UHD-II remotely operated vehicle (ROV). The first Subsea...
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Guyana won’t allow free access to T&T products if there’s no reciprocity – VP Jagdeo

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Guyana's Vice President, Bharrat Jagdeo, said Thursday night that the country may have to start reciprocating tactics Trinidad and Tobago has used to restrict the entry of Guyanese exports into its local markets. “It’s time for reciprocity in many areas....
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Equinor and Shell join forces to form UK’s largest independent oil and gas producer

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Equinor UK Ltd and Shell UK Ltd will merge their UK offshore oil and gas assets to create the UK North Sea's largest independent producer. The joint venture, equally owned by both companies, will focus on sustaining domestic production...
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Global upstream investments to decline 2% in 2025, says Rystad Energy

Global upstream investments are forecast to drop by 2% in 2025, marking a slowdown after years of growth, according...

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