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Rubio calls Maduro’s circle a ‘criminal enterprise’ threatening U.S. oil firms in Guyana

OilNOW -
U.S. Secretary of State Marco Rubio said Venezuela’s Nicolás Maduro and his allies constitute a criminal enterprise masquerading as a legitimate government. Speaking in a State Department video released Thursday on Facebook, Rubio announced that Washington will confront narco-terrorist networks...
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Global Subsea Tree awards hit five-year low; Guyana’s Hammerhead project to lift totals in 2025

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Subsea tree awards for the first seven months of 2025 are at their lowest level since 2020, according to Westwood’s Global Subsea Tree Tracker. Westwood reported that just 97 units have been recorded year-to-date, with Turkey and Norway accounting for...
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CGX down US$56.4 million; Executive Director Suresh Narine resigns

OilNOW -
CGX Energy Inc. has reported a US$56.4 million impairment loss on its Corentyne Block assets for the second quarter of 2025, citing ongoing disputes with the Government of Guyana (GoG). In its unaudited financial statements and Management Discussion and Analysis,...
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Exxon aiming to leverage Guyana development pace in T&T, expects to even ‘move quicker’ – Ardill

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ExxonMobil is aiming to replicate the remarkable success it has had in Guyana, in neighboring Trinidad and Tobago, and even expects the oil and gas development to progress faster there due to T&T's established industry, deepwater ports and robust...
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Suriname emerges as third largest offshore oil investment destination in the Americas – Energy Industries Council 

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Suriname is fast becoming one of the top offshore oil and gas hotspots in the Americas, ranking third in projected offshore exploration and production (E&P) investments by 2030, behind only Brazil and Guyana, according to the Energy Industries Council...
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Over 130 wells drilled at Stabroek Block in over a decade – Exxon Global Exploration head 

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ExxonMobil has drilled more than 130 wells offshore Guyana in the decade since its first major discovery. This is according to the Vice President of Global Exploration at ExxonMobil Upstream Company, John Ardill during a Production Sharing Contract signing...
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Eight Graduate Engineers complete SBM Offshore Guyana programme, nine join new cohort

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Eight young Guyanese engineers have completed SBM Offshore Guyana’s Graduate Engineers’ Programme, marking the end of an intensive 18-month journey that took them across the company’s global operations. The graduates were honoured during a ceremony on August 8, where they...
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Ambipar, SBM Offshore launch robotic tank cleaning breakthrough for FPSOs

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Ambipar, a global leader in environmental solutions, and SBM Offshore, a key player in the ocean infrastructure sector, have jointly unveiled an advanced robotic solution for cleaning cargo oil tanks on floating production, storage, and offloading (FPSO) units, aiming...
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New Demerara River Bridge structurally sound, nearing completion – Edghill

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Guyana’s new Demerara River Bridge is on track to be completed by the end of August, with the final concrete slab to connect its eastern and western spans set to be poured on August 25, Public Works Minister Juan...
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75% of SMEs in Suriname’s Blue Wave Supplier Program report business growth 

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Alma Del Toro, Co-Founder and Co-President of Blue Wave International Supplier Development Program Corporation, says three-quarters of small and medium enterprises (SMEs) in the company’s supplier development programs have expanded their business within a year of graduating. “In aggregate, we...
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GUYANA ELECTIONS: Ali secures second term; opposition party granted recount in District 4 

Guyana’s governing People’s Progressive Party/Civic (PPP/C) won another term in Monday's general elections, according to final results published by...

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