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Brazil’s subsalt frontier sets output records in April

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(S&P Global Platts) Brazilian state-led oil and natural gas producer Petrobras set fresh daily and monthly records for output from ultra-deepwater fields in the country's offshore subsalt frontier in April and May, capping a 10-year run since first oil...
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Fugro acquires vessel for hydrographic surveys in Guyana

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Dutch engineering firm Fugro, which has partnered with Guyanese firm Ground Structures Engineering Consultants Inc., has purchased a new vessel which they will use to conduct hydrographic surveys along Guyana’s coast. Marine Operations Manager for Fugro Guyana, Doug Chapman, gave...
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Trinidad and Tobago inks new LNG deal with Shell

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(CMC) — The Government of Trinidad and Tobago on Wednesday signed a new energy agreement with Shell at the energy company's headquarters in Netherlands. Prime Minister Dr Keith Rowley joined Ben van Beurden, Chief Executive Officer of Royal Dutch Shell...
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SARA ‘shooting in the dark’ with oil blocks probe – Chamber

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One of the lead groups representing businesses in the South American country of Guyana says while it stands firmly by the rule of law, it outrightly rejects the ‘reckless pronouncements’ being made by an anti-corruption agency regarding an apparent...
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Chamber frustrated with continued absence of functional local content framework in Guyana

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Business representatives who recently returned to Guyana after a successful foray at the Offshore Technology conference in Houston, Texas, are expressing frustration and deep concern with the absence of a functional local content policy framework, as the country moves...
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Six females among new batch for Guyana offshore training

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12 Guyanese will begin their careers in the oil and gas sector on June 3. The batch will receive training as Rig Clerks and will be stationed on the Noble Bob Douglas drillship on completion. Among the batch are...
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Guyana, Permian production set to play key role in ExxonMobil mega growth plans

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US oil major ExxonMobil on Wednesday announced plans to significantly increase its earnings and cash flow generation by 2025 as it not only focuses on fossil fuel projects but also on its efforts to work on lower emission technologies,...
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Over 400 Guyanese applied for jobs at energy department; new office on the horizon

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Director of Guyana’s Department of Energy (DE), Dr. Mark Bynoe says an important aspect of the department’s action plan is for it to be housed in a new building at an appropriate site within two years as Guyana continues...
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Brazil’s Petrobras nears sale of offshore oilfields

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Brazil’s Petroleo Brasileiro SA is nearing the sale of two oilfields in a process that could fetch around $1 billion and aid the state-run oil firm in its bid to reduce debt, Reuters said in a report on Tuesday. Petrobras,...
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Morgan Stanley pegs Guyana oil reserves at 6 billion barrels

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Guyana’s gross recoverable oil resource could stand at 6 billion barrels with potential for significant upside above this level according to US multinational investment bank, Morgan Stanley. In a recent research paper, the bank said its estimate is modestly above...
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Exxon says U.S. senators were misled; no Guyana tax credits included in its 2023 & 2024 filings

President of ExxonMobil Guyana, Alistair Routledge, has rejected claims that the company benefited from tax credits in Guyana for...

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