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TGS and Petrobras launch advanced imaging centers for Brazil’s offshore oil basins

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TGS, a global leader in energy data and intelligence, has launched advanced imaging centers in collaboration with Petrobras, Brazil’s state energy giant, to enhance Ocean Bottom Node (OBN) and 4D imaging capabilities for the Campos and Santos basins. The centers,...
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World’s first offshore safety technology deployed in Guyana

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Salunda and Intellilift have achieved a milestone in offshore safety, installing the first real-time digital interface between wearable sensors, drilling controls, and moving machinery on four drilling rigs in Guyana. Salunda’s Red Zone monitoring solutions were integrated with Intellilift’s digital...
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Guyana’s oil output to expand in 2025 amid forecast of lower prices

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The Guyana government projects an increase in the rate of crude oil production offshore from 616,000 barrels per day (b/d) in 2024 to 674,000 b/d this year. The projected increase will mainly be due to the start-up of ExxonMobil’s...
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TT Energy Chamber calls for increased exploration drilling to sustain oil and gas industry

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The Trinidad and Tobago Energy Chamber has called for a boost in exploration drilling to sustain the country’s oil and gas industry.  In a recent press release, the Chamber emphasized that while seismic surveys and geological studies provide strong indicators...
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Demerara River bridge project costs US$318 million

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The Guyana government estimates that the cost of the new Demerara River bridge will be about US$318 million (GY$66.3 billion), according to this year’s budget documents. This includes the cost to build the bridge, pay consultants, and construct the road...
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Westwood’s post-2025 energy investments spotlight Guyana’s Stabroek Block potential

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Beyond 2025, Guyana's Stabroek Block, operated by ExxonMobil, is set to remain a focal point for energy investments, according to a new report by Westwood Global Energy Insights. Guyana joins other major opportunities, including Brazil’s pre-salt basin, deepwater Namibia, and...
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CNOOC targets record growth, green innovation in 2025 plan

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CNOOC Limited has announced its 2025 Business Strategy and Development Plan, targeting continued growth and high-quality development. CNOOC’s Guyana subsidiary – CNOOC Petroleum Guyana Limited – holds a 25% working interest in the offshore Stabroek Block, alongside ExxonMobil and...
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US$2.5 billion in oil revenue to support Guyana’s 2025 budget

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The Guyana government will withdraw US$2.5 billion in oil revenue to support its US$6.628 billion (GY$1.382 trillion) budget for 2025, Senior Minister in the Office of the President with responsibility for Finance and the Public Service, Dr. Ashni Singh,...
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Suriname team tours Guyana’s FPSO simulator unit as oil development advances

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SBM Offshore Guyana hosted a Local Content taskforce from Staatsolie, Suriname’s national oil company, at the Facility Simulator (FacTor) Unit of the Guyana Technical Training College on January 21.  Representatives from the Natuur Technisch Instituut Suriname (NATIN) joined the visit. According...
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SLB to reduce spend in Guyana this year – CEO 

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SLB CEO Olivier Le Peuch reported a reduction in upstream spending in Guyana during his overview of the company’s 2024 performance and 2025 outlook. While acknowledging strong performances in various regions, he pointed out contrasting trends across international markets. “In...
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Ali names 25-member cabinet; Vickram Bharrat back at oil ministry

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its...

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