South America’s upcoming oil developments, including several in Guyana, are gaining increased importance due to recent developments in the Middle East, Norway-based Rystad Energy said in an April 21 analysis. “The Middle East conflict has done more than spike oil...

ExxonMobil Guyana has awarded a limited notice to proceed (LNTP) to Italy’s Saipem, related to its proposed Longtail project in Guyana, signaling a future full contract award that Saipem said could be worth up to US$1.5 billion. The Italian engineering...

Eni and Repsol have reached an agreement with Venezuela to increase domestic gas supply from the Perla offshore field before targeting exports with higher production by 2031, according to an April 20 Bloomberg report. The field in the Gulf of...

The ONE GUYANA floating production, storage and offloading vessel (FPSO) has received the American Bureau of Shipping (ABS) SUSTAIN-1 notation, SBM Offshore announced on Monday.  The company stated, “FPSO ONE GUYANA has received the ABS SUSTAIN-1 notation, marking another step...

Discoveries offshore Guyana led by ExxonMobil are among the high-impact finds reshaping global oil exploration, according to a Wood Mackenzie report published on April 16. The firm noted that discoveries are concentrated in ultra-deepwater basins, highlighting ExxonMobil’s Guyana portfolio alongside...

Residents of Berbice, Region Six (East Berbice-Corentyne), are being encouraged to take greater advantage of oil and gas and technical training opportunities at the Guyana Technical Training College Inc. (GTTCI). Professor Clement Sankat, Director of GTTCI, made the appeal on...

Subsea tiebacks are playing a key role in the development and expansion of offshore oil production in Guyana’s Stabroek Block, where ExxonMobil Guyana and its co-venturers lead major projects.  The Stabroek Block hosts multiple developments that use tiebacks, like Payara...

Crude oil production offshore Guyana averaged about 918,000 barrels per day (b/d) in February, placing the country within reach of the one million b/d mark.  The output was recorded in the Stabroek Block, where ExxonMobil is operator, with co-venturers Hess...

The University of Guyana (UG) has opened applications for its 2026/2027 academic year, with submissions running from March 30 to May 9, as demand grows for skilled workers to support the country’s expanding oil and gas sector. Prospective students are...

PARAMARIBO, SURINAME – The first subsea equipment for the GranMorgu offshore oil development has arrived in Suriname, as the project moves toward offshore installation. Block 58 operator TotalEnergies EP Suriname confirmed on April 14 that components of the long baseline...