A billion-dollar offshore industry moving at record speed is giving Guyana a role beyond oil production. The country's deepwater developments are becoming a proving ground for technologies designed to accelerate resource discovery, enable remote operations, and improve recovery from...

Once largely associated with the construction of floating production, storage and offloading (FPSO) vessels, fabrication has emerged as an area where Guyanese businesses are capitalizing on opportunities within the oil and gas supply chain. Rather than competing only for one-time...

SLB OneSubsea has been selected to provide the subsea production system for 13 wells at Eni’s Baleine Phase 3 deepwater development offshore Côte d’Ivoire.  The engineering, procurement and construction (EPC) contract, announced by SLB on July 13, covers the delivery...

Differences in underground heat, burial depth, and petroleum migration may help explain why Guyana’s Golden Lane has delivered repeated discoveries while parts of offshore Suriname have produced uneven results, according to a new basin modelling study. GeoExpro published the study...

Guyana's offshore oil industry depends on more than drilling rigs and floating production, storage and offloading (FPSO) vessels. It also relies on a growing maritime workforce that keeps people, equipment and supplies moving between shore and offshore operations. Since production...

Guyana’s oil production has surpassed 900,000 barrels per day, driven by output from the Stabroek Block developments operated by ExxonMobil Guyana and its co-venturers.  With the industry’s expansion, the notion that Guyanese must look overseas for oil and gas training...

Shell says its Merlin-1X exploration well offshore Namibia has delivered the most promising subsurface results recorded to date in Petroleum Exploration Licence No. 0039 (PEL 0039), strengthening the company's assessment of the Orange Basin's resource potential. In a statement released...

The Environmental Protection Agency (EPA) and the Maritime Administration Department (MARAD) have rejected reports that the natural gas pipeline supplying Guyana’s Gas-to-Energy facility at Wales, West Bank of Demerara, has ruptured, stating that the line is not currently operational. In...

MODEC Guyana will launch two workforce development programs on July 20 as part of its effort to strengthen local technical and professional capacity for Guyana’s offshore oil and gas industry. The company said the launch will provide details on its...

Saipem has secured a contract worth approximately US$2 billion for its share of the engineering, procurement, construction, and installation (EPCI) of a floating production, storage and offloading (FPSO) unit for the Kutei North Hub field development project offshore Indonesia. The...