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Cyberattack and U.S. seizures deal double blow to Venezuela’s oil exports

Tanker loading in Venezuela has slowed sharply in recent days as U.S. enforcement actions against oil shipments collide with a cyberattack that has disrupted operations at state-run oil company PDVSA, compounding pressure on the country’s crude exports, Reuters reported...

NOV wins ExxonMobil Guyana contract for heated subsea system at Hammerhead

U.S. oilfield equipment maker NOV Inc. announced that it won a third-quarter contract from ExxonMobil Guyana to supply an actively heated flexible pipe system for the Hammerhead field development offshore Guyana. NOV said the scope of work includes the design,...

Exxon eyes February start for Trinidad seismic survey, ministry says

ExxonMobil anticipates starting its seismic survey offshore Trinidad and Tobago as early as February, the country’s Energy Ministry said on Tuesday.  The U.S. oil major anticipates firing the first seismic shot for its ultra-deepwater TTUD-1 block within two months, after...

More than 180 million barrels left to produce at Liza 1, says energy sector consultant

Independent energy consultant and reservoir engineer Les Anthony said more than 180 million barrels of oil remain recoverable from ExxonMobil’s Liza 1 project offshore Guyana, even as production from the country’s first oil development shows signs of decline after...

Guyana’s oil fund got US$195 million in signing bonus and oil sales for November 

Guyana’s Natural Resource Fund (NRF) received about US$195 million in November 2025, driven by crude oil sales and the first signing bonus paid to the fund, according to the latest NRF report. The fund took in roughly US$191.6 million from...

bp launches 7th major project this year with Atlantis Drill Center Expansion 

British energy giant bp marks the start of its seventh major project in 2025 with the launch of the Atlantis Drill Center 1 expansion in the US Gulf of Mexico, increasing peak production by 15,000 barrels of oil equivalent...

Guyana Technical Training College campus now complete, set for January occupancy  – Ali

Construction of the Guyana Technical Training College (GTTC) at Port Mourant, Berbice has been completed and the facility is ready to receive its first full cohort of students in January, President Irfaan Ali revealed this week on Facebook. The campus...

PETRONAS completes Caiman-1 well as Block 52 drilling campaign advances

PETRONAS Suriname has completed drilling of the Caiman-1 exploration well in Block 52 offshore Suriname, a key step in its ongoing exploration program, according to Staatsolie. In a December 9 announcement, Staatsolie said the well was spudded on July 21,...

From Accra to Georgetown: Key facts about Guyana’s newest operator Cybele Energy  

Cybele Energy Ltd, a Ghana-based, female-owned oil and gas company, is the latest independent entrant into Guyana’s burgeoning offshore energy sector.  Founded in 2012, the company has grown from a small exploration startup into a diversified energy firm, according to...

EPA aims for real time oversight of every well drilled in the Stabroek Block

Guyana’s Environmental Protection Agency (EPA) is preparing to introduce live surveillance of offshore drilling, a step the agency believes will transform how it monitors high-risk petroleum activities.  The update came during the latest edition of Starting Point, The Oil and...

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Environmental permits and production licenses serve distinct roles for oil and gas developments

Oil and gas development projects proceed with two key approvals: environmental permits and production licenses. They cover different aspects...