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...
Oil and gas revenues from exploration activities at the Stabroek Block are being used as a catalyst to expand Guyana’s non-oil economy and strengthen long-term competitiveness. This is according to Dr. Peter Ramsaroop, Chief Investment Officer and CEO of...
Brent crude could trade in the range of US$100 to US$120 per barrel if disruption at the Strait of Hormuz lasts more than three weeks, analysts at JPMorgan said in a research note to clients. This is according to...
ExxonMobil’s Canje Block is on course to expire this week, setting the stage for a full relinquishment of the offshore deepwater acreage.
Relinquishments are a key aspect of how Guyana’s petroleum systems function. They are built into contracts and reinforced...
SLB has issued a Request for Information (RFI) seeking a qualified third-party provider to supply manpower and contingent labour services in Guyana, including operators for its mud plant operations.
The global leader in energy technology is “seeking to identify and...
The US$100 million Guyana STEM initiative launched by ExxonMobil aims to strengthen the South American country's national Science, Technology, Engineering and Mathematics (STEM) education capacity and support long-term workforce development aligned with economic growth. The initiative draws on education...
Have you ever wondered what the much-discussed Berbice-focused gas development in Guyana is really about? Here’s what we know so far.
The Berbice Gas Development
The Berbice gas development is a potentially large-scale project aimed at producing and piping mainly non-associated...
Touchstone Exploration Inc. said it expects to tie in its Carapal Ridge-3 well for production in late March 2026 and begin drilling on its legacy oil blocks during the same month.
The company outlined the plans as part of its...
President of the Caribbean Development Bank (CDB) Daniel Best said Guyana’s energy market is “credible, investable, and strategically important” as the regional lender positions itself to help finance the country’s low-carbon transition.
Best delivered remarks on February 17 during the...
Long before Guyana became a 900,000 barrel per day producer, there was only a single well drilled in deep water offshore.
In May 2015, ExxonMobil announced the Liza discovery in the Stabroek Block. The Liza-1 well, often referred to as...
