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IMF forecasts another year of double-digit economic growth for Guyana 

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Guyana is expected to be one of just two countries in the world to post double-digit economic growth in 2025, according to the International Monetary Fund’s (IMF) April World Economic Outlook.  The forecast, released under the theme A Critical Juncture...
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Trinidad & Tobago working with the U.S. to secure its energy future after Dragon gas termination

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Trinidad and Tobago and the United States have committed to working together to ensure the Caribbean country’s energy future, a recent statement from the U.S. State Department said.  Trinidad media reported over the weekend that Prime Minister Stuart Young has...
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Petrobas advancing drill campaign at Equatorial Margin; says success in locations like Guyana promising

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Brazil’s majority state-owned multinational corporation, Petrobras, has confirmed that the Equatorial Margin may hold more than 30 billion barrels of oil, citing recent estimates from Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP). According to Petrobras, this volume...
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Guyana among key drivers of global subsea tree demand despite sharp Q1 dip

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Subsea tree unit awards slumped to 32 in the first quarter (Q1) of 2025, marking a 65% quarter-over-quarter decline, according to Westwood’s Global Subsea Tracker. The drop reflects ongoing macroeconomic challenges and inflation-driven delays in project approvals and contract...
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TT’s Heritage Petroleum seeks partner for exploration of Preau Block 

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Heritage Petroleum Company Limited, Trinidad and Tobago’s national oil company, is inviting expressions of interest for a partnership arrangement on its newly awarded Preau Block. The block, located just south of Heritage’s Barrackpore Licence (Core Area C), spans approximately 11,200...
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ExxonMobil taps MODEC for second Guyana FPSO as Hammerhead project advances

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ExxonMobil has awarded a limited notice to proceed to Japanese offshore engineering firm MODEC for the development of a floating production, storage, and offloading (FPSO) vessel for its Hammerhead project offshore Guyana, MODEC said on Monday. The contract is MODEC’s...
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Why Guyana and others won’t stop exploring for oil – GEOExpro expert explains 

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“Why would we still explore for oil and gas?” René Jonk of ACT GEO asked at the end of his talk for the Geoscience Energy Society of Great Britain on April 8. A question GEOExpro Editor-in-Chief Henk Kombrink examines...
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Permian leads U.S. crude output growth in 2024; exports reach 4.1 million barrels per day 

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U.S. crude oil production rose 2% in 2024, reaching an annual average of 13.2 million barrels per day (b/d), according to the U.S. Energy Information Administration (EIA), setting a new high even as export growth slowed. The increase of...
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Tariff threat puts new oil projects at risk – Wood Mackenzie analyst 

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Dozens of new upstream oil and gas projects could be delayed if Trump-era tariffs are reintroduced, according to energy consultants Wood Mackenzie (WoodMac). The firm’s global project tracker shows 28 developments targeting Final Investment Decisions (FIDs) in 2025, and...
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Letter-to-the-Editor: Women are making commendable strides in the oil and gas industry

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Dear Editor, It is with immense pride—and a touch of disbelief—that I write this letter as a reminder to myself and to other women that anything is possible. Just a few days ago, I came across an article that stated 75%...
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SBM Offshore Guyana throws support behind Mental Health Awareness Campaign

SBM Offshore Guyana has thrown its support behind a new national mental health campaign launched by the Office of...

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