Petronas is stepping into Guyana’s offshore sector, with a long history of oil and gas development. The Malaysian state-owned company was created in 1974 and grew into one of the world’s foremost integrated energy producers. It explores, drills, refines,...

Dear Editor, As a public analyst, I have been closely monitoring the performance of the global oil industry in recent years. Notably, ExxonMobil’s progress in Guyana stands out, and 2025 has already marked another phase of significant development that contributes...

SBM Offshore Guyana and MODEC Guyana were recognized for their contributions to national development and workforce expansion at the Guyana Oil and Gas Energy Chamber’s (GOGEC) 2025 Annual Awards and Induction Dinner on November 28. SBM Offshore Guyana received the...

Development drilling in Trinidad and Tobago’s Central Block has resumed for the first time since 2006, the Ministry of Energy and Energy Industries (MEEI) confirmed on Monday. The Carapal Ridge-3 development well marks the restart of activity in the...

PARAMARIBO, SURINAME – Industry leaders and government officials insist that Suriname’s ability to benefit from upcoming offshore oil production will rely on sustained investments in skills, education and local content capacity. The statements were made during a panel discussion at...

ExxonMobil Guyana’s offshore oil production averaged 841,000 barrels per day (b/d) in October across the four producing Stabroek Block developments, according to newly released government data.  The month was defined by continued stability at the mature projects and a sharp...

In just under six years, Guyana has transitioned from being a first-time oil producer to one that now produces 900,000 barrels of crude per day, driven by seven sanctioned offshore projects in the Stabroek Block and a flagship gas-to-energy...

Global price-reporting agency Platts, part of S&P Global Commodity Insights, will introduce two new freight assessments on December 1 that specifically track the cost of shipping Guyana’s crude to Europe.  The move comes as Guyana cements its place as a...

Guyana is preparing for another major expansion of oil output, with the Uaru project set to start production in 2026. The development, located in the Stabroek Block, is the fifth project approved offshore the country.  It is expected to move...

The four floating production, storage and offloading vessels operating in the Stabroek Block have become the backbone of Guyana’s offshore industry, each larger and more advanced than the last.  Together, Liza Destiny, Liza Unity, Prosperity and ONE GUYANA have pushed...