Canadian-based oil and gas exploration company CGX Energy Inc. will soon recommence exploration work offshore Guyana and aims to drill as much as 6 wells over the next two years. CGX had come up empty-handed on previous attempts to...

Money generated from oil and gas production finding its way into the pockets of corrupt officials is a key reason many countries rich in this precious resource, remain poor. According to Transparency International, over the next 20 years, it is expected...

BP Trinidad and Tobago LLC (bpTT) announced on Thursday the start-up of the Trinidad onshore compression (TROC) project - one of seven major upstream projects BP expects to bring online in 2017. Full start-up will take place over the next...

During the recent inaugural Oil and Gas Conference and Exposition hosted by the Guyana Oil and Gas Association (GOGA), held at the Guyana Marriott Hotel in Georgetown, (March 26-28, 2017) participants (including various stakeholder groups and Government Officials) were...

Guyana is fast becoming the premier location in the Oil and Gas Industry as the magnitude of oil reserves located 120 miles offshore the South American country is becoming more evident. The resilient “third-world” country has actively began mobilizing resources...

MODEC Guyana is seeking contractors for floating production, storage and offloading (FPSO) vessel mooring hook-up services for the Hammerhead project offshore Guyana, according to a Request for Information (RFI) published on June 1 through the Centre for Local Business...

ExxonMobil plans to use its Proxxima™ technology in the Hammerhead offshore Guyana development and future floating production vessels in the Stabroek Block, as the company expands its use of advanced subsea materials and applications. The update came during the company’s...

HOUSTON, TEXAS - ExxonMobil’s Senior Director of International Government Relations, Craig Kelly, said Guyana’s rapid oil development is positioning the country as a gateway for investment across northern Brazil and the southern Caribbean. Speaking on Day Two of the Offshore...

Crude production offshore Guyana averaged about 914,000 barrels per day (b/d) in the first quarter of 2026, as output from the ExxonMobil-operated Stabroek Block’s four producing projects remained stable. Government data show total production reached approximately 82.2 million barrels for...

The floating production, storage and offloading (FPSO) vessel for ExxonMobil Guyana’s Hammerhead development has been named Essequibo 1899, anchoring one of the country’s newest offshore projects to a pivotal moment in its history. The name, selected by President Irfaan Ali,...