Gross sales of oil produced in Guyana would total about US$2.676 billion to US$3.21 billion over one month if Brent crude rises to US$100 – US$120 per barrel and production holds at 892,000 barrels per day.
This estimate is based...
As Guyana strengthens its position as a growing global oil and gas supplier, ExxonMobil Guyana’s activities in the Stabroek Block are helping to stabilize the regional floating production market, according to a February 19 report from Rystad Energy.
The report...
Westwood Global Energy Group data released March 1 show Petrobras controls 36 of Brazil’s 49 offshore rigs, signifying its dominance in the country’s offshore sector.
According to Westwood’s comprehensive analysis, Brazil’s offshore drilling market indicates “a strong pipeline of demand...
SBM Offshore said the Jaguar floating production, storage and offloading vessel project has reached several construction milestones as work continues toward a planned 2027 start-up offshore Guyana.
“Following a safe and successful work program in the Seatrium dry-dock, FPSO Jaguar...
As part of Guyana’s expanding Gas-to-Energy project, ten groups have submitted proposals to the government for the design, construction, and operation of a cooking gas bottling and logistics facility planned for Wales, West Bank Demerara.
In October 2025, the Office...
TotalEnergies EP Suriname B.V. is seeking companies to help coordinate and execute a local content education program linked to its offshore petroleum activities in Suriname.
The company issued a Request for Expression of Interest inviting entities to provide coordination and...
Rising geopolitical instability in the Middle East could increase oil revenues for Guyana while also exposing capacity constraints across the Caribbean, according to Philippe Jackson, Partner and Political Risk Advisor at Orinoco Research.
In a March 2 LinkedIn post, Jackson...
Guyana, Brazil, and Suriname are set to anchor South America’s dominance in the global floating production, storage and offloading (FPSO) vessel market, with projects valued at approximately US$181 billion between 2021 and 2030, according to Rystad Energy.
“South America is...
Artem Abramov, Head of Oil and Gas Research at Rystad Energy, said a US$100-per-barrel oil environment would make companies more willing to accelerate offshore investment decisions, pointing to Guyana as a market already moving quickly.
Abramov spoke during a Rystad...
Rystad Energy said TotalEnergies’ GranMorgu development offshore Suriname will feature a 50,000 ton topside and gas-processing capacity of 500 million cubic feet per day (MMcf/d), underscoring the country’s emergence in the floating production, storage and offloading (FPSO) segment.
In a...
