News

Over 130 wells drilled at Stabroek Block in over a decade – Exxon Global Exploration head 

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...

Eight Graduate Engineers complete SBM Offshore Guyana programme, nine join new cohort

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...

Ambipar, SBM Offshore launch robotic tank cleaning breakthrough for FPSOs

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...

New Demerara River Bridge structurally sound, nearing completion – Edghill

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...

75% of SMEs in Suriname’s Blue Wave Supplier Program report business growth 

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...

Exxon now controls deepwater asset larger than surface area of TT 

Trinidad and Tobago’s Minister of Energy and Energy Industries, Roodal Moonilal, today announced the signing of a “historic” Production Sharing Contract (PSC) with global giant ExxonMobil for an offshore deepwater block larger than the nation’s landmass.  This marks the company’s...

Oil companies delivered 1,600+ training programs for Guyanese in 2024

The Local Content Secretariat says oil companies in Guyana delivered more than 1,600 technical and non-technical programs for Guyanese in 2024, reflecting what Head of the Employment Unit Nicole Haynes described as “the continued commitment to upskilling the Guyanese...

Guyana says one more round of oral hearings expected before ruling in border case with Venezuela

Guyana’s Ministry of Foreign Affairs and International Cooperation said on Monday that the International Court of Justice (ICJ) is expected to hold one final round of oral hearings before delivering its judgment in the border case with Venezuela, after...

Guyana open to CARICOM oil deal if proposal comes, Jagdeo says

Guyana would be open to exploring a proposal from fellow Caribbean Community (CARICOM) states for crude oil sales, even one that could link discounted barrels to cheaper refined fuel supplies, Vice President Bharrat Jagdeo said on Thursday. Late last month,...

Guyana’s oil output surges as FPSO upgrades boost capacity by 125,000 b/d

Upgrades to the first three floating production, storage and offloading (FPSO) vessels offshore Guyana have unlocked a major boost in oil capacity -125,000 barrels per day (b/d).   According to SBM Offshore’s half year report, this increase comes from debottlenecking work...

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Cutting-edge technologies giving exploration a sustainable future – Insights from SLB 

Andrea Lovatini, Director of Exploration Data and Geosolutions at SLB and Chairman of the EnerGeo Alliance Board, argues that...