News

A Guyanese team has completed high-pressure process piping fabrication for the Liza Unity FPSO with zero harm, zero weld defects and zero repairs required. The achievement was announced at a ceremony in Guyana to mark the completion of the Water...

Both ExxonMobil and Hess saw reduced profits in Guyana, according to financial statements seen by OilNOW.  ExxonMobil’s profit was US$4.67 billion in 2025, compared with US$4.73 billion in 2024.  The company’s Vice President and Business Service Manager John Colling told journalists...

Guyana’s oil production has climbed from a standing start in December 2019 to over 900,000 barrels per day in just over six years, marking one of the fastest offshore production ramp-ups in history. An OilNOW analysis of daily reported production...

ExxonMobil Guyana will carry out dredging operations in the Stabroek Block offshore Guyana, with operations expected to conclude on November 24, 2026. According to a Notice to Mariners issued by the Maritime Administration Department (MARAD) on June 6, the activity...

The Suriname Energy, Oil & Gas Summit & Exhibition will add a dedicated Local Content Forum in 2026 as the South American country prepares for its first offshore oil and gas development. The sixth edition of SEOGS will be held...

Guyana has submitted its 2024 Extractive Industries Transparency Initiative (EITI) report as the country prepares for its second validation under the global transparency framework. The Ministry of Natural Resources said Minister Vickram Bharrat met with the EITI Validation Team on...

Petronas’ gas discovery at the Sloanea field has strengthened Suriname’s push for more offshore natural gas exploration, Minister of Oil, Gas and Environment Patrick Brunings has said. Brunings told Platts, part of S&P Global Commodity Insights, that the discovery...

ExxonMobil Guyana is advancing a new round of offshore development and infrastructure work in the Stabroek Block, with maritime notices issued this month showing continued activity to support the country's expanding network of floating production vessels. The notices, issued by...

Going back to Venezuela might be a stretch for big oil with other more attractive places nearby like Guyana. That was the assessment from Texas-based energy attorney Ted Borrego in an S&P Global article published May 20, as analysts weighed...

Guyana’s Natural Resources Fund (NRF) has received approximately US$9.73 billion (G$2.03 trillion) in oil revenues since the country began receiving petroleum proceeds in 2020, according to Bank of Guyana reports reviewed up to April 2026. The total comprises receipts from...