News

Baker Hughes achieves fastest open water work in Guyana wells team history

Baker Hughes said it set a new benchmark for open water drilling in Guyana, completing a 26-inch section with “unprecedented speed and efficiency.”  The company reported a 40% increase in on-bottom rate of penetration (ROP) and a 61% reduction in...

Exxon probing target at gas field off Guyana coast  

ExxonMobil is continuing drilling activities at the Haimara-4 wellsite, located approximately 125.4 nautical miles (232.1 kilometers) off the Coast of Guyana, covering an area of 0.29 square nautical miles (1 square kilometer). This is according to a notice from the Maritime...

TotalEnergies to hold stakeholder meeting for Suriname’s first deepwater development

Total Energies EP Suriname B.V. will host a stakeholder meeting on August 28, from 9:00 AM to 11:00 AM, at the Royal Ballroom Torarica in Paramaribo, a notice outlined.  The meeting will be conducted in Dutch, with English slides, and...

Exxon’s projects in Guyana to drive significant subsea tree installations in 2024 – Rystad Energy 

ExxonMobil's expanded operations are set to boost subsea tree installations in 2024, with a projected 12% contribution, according to Rystad Energy. This surge follows Equinor, which accounted for 17% of total subsea tree installations this year. Exxon's focus is...

ODITC advances Guyanese search and rescue training for offshore safety

ODITC the collaborative venture of 3t EnerMech, Orinduik Development Incorporated, and Windsor Technologies plays a crucial role in enhancing the search and rescue (SAR) capabilities of Guyanese personnel in the offshore industry. The company supports the OMNI SAR training...

TGS launches survey to evaluate Brazil’s offshore Pará-Maranhão basin potential

TGS, a leading provider of energy data and intelligence, has initiated the PAMA 3D Phase 1 Survey in Brazil's Equatorial Margin, covering 19,343 square kilometers and more than 25 future exploration blocks in the Pará-Maranhão Basin. This basin is...

Just nine years after first discovery Guyana has seven projects in play with three already producing

Guyana will be producing oil for decades to come. A series of deepwater development projects being executed by U.S. oil major ExxonMobil is rapidly transforming the South American country, catapulting it from a non-producer less than five years ago,...

Guyana received US$268 million in oil sales, royalties in July 

Guyana’s Natural Resource Fund (NRF) received more than US$268 million in July from oil sales and royalties. The Fund received US$101.1 million (GY$21.1 billion) in royalties for crude oil produced and sold in the second quarter. Guyana has received three...

TotalEnergies to begin development drilling in 2026 for Suriname’s first deepwater project

TotalEnergies expects to start drilling wells for Suriname’s Block 58 development by the first quarter of 2026, according to the environmental and social impact assessment (ESIA) submitted to the National Institute for Environment and Development in Suriname (NIMOS).  ...

Guyana to take 35% of TechnipFMC’s subsea tree supply through 2029 – Rystad Energy

TechnipFMC is expected to supply 400 subsea trees in the period 2024-2029, with 35% for ExxonMobil’s developments in Guyana. Highlighting this in an August 12 release, Rystad Energy indicated that Guyana and Brazil will account for 57% of the supply...

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TT will lead ‘next chapter’ in energy age — PM Persad-Bissessar

Prime Minister Kamla Persad-Bissessar has pledged that Trinidad and Tobago will take a proactive role in shaping the future...