News

SBM Offshore has received approval in principle from the American Bureau of Shipping (ABS) for a new floating production, storage and offloading (FPSO) design focused on blue ammonia production. The company stated in a media release on September 11 that...

Chicago-based firm, Zacks Investment Research, known for its independent investment analysis and the Zacks Rank system, has highlighted Exxon Mobil Corporation’s (XOM) success offshore Guyana as the foundation of what it calls a durable upstream moat (economic power).  In an...

Chevron’s US$53 billion acquisition of Hess Corporation is not just about reserves; it’s about people. According to Chevron Chief Executive Mike Wirth, the deal, announced in October 2023, was driven by the long-term growth Hess brings and the expertise...

Bourbon Guyana has expanded its fleet with the arrival of the Bourbon Mistral, a large platform supply vessel dedicated to the Whiptail Development Project offshore Guyana. “Exciting news from Bourbon Guyana as we introduce the newest addition to our Guyana...

The Gas-to-Energy project at Wales is moving ahead with visible progress. From foundations now in place to new companies showing interest and plans for an industrial zone taking shape, several key steps are unfolding at the same time. Here are...

ExxonMobil Guyana Limited (EMGL) is pressing ahead with environmental and geophysical survey activities in the Stabroek Block as part of its long-term development plans. According to the Maritime Administration Department, EMGL’s Environmental Sampling Survey will continue until December 31, 2025....

PARAMARIBO, SURINAME - The United States Coast Guard has added Suriname to its list of countries whose ports are deemed to lack effective antiterrorism measures. Under the U.S. Port Security Advisory 4-25, issued on September 3 and taking effect...

SBM Offshore Guyana’s 2025 Guyana-Monaco Mousetrap Car Grand Prix Competition wrapped up with an impressive display of creativity, problem-solving and teamwork from students across the country, the company said in a press update on Tuesday. This year’s winners not...

Guyana's President, Dr. Mohamed Irfaan Ali, has signaled that his administration will embark on an expanded exploration push. “We will press forward with new exploration under a stronger Production Sharing Agreement,” he announced immediately at his swearing-in for a...

Petronas is deepening its assessment of a gas discovery offshore Suriname as research in Block 52 moves into a new phase that could determine the viability of large-scale development. During a September 8 meeting with President Jennifer Simons, Petronas Executive...