Guyana’s education system is undergoing one of its most visible transformations since the start of the oil era.  Rising public revenues generated from production activities in the ExxonMobil-operated Stabroek Block have supported increased investment in education infrastructure, with new schools...

ExxonMobil is evaluating a ninth floating production, storage and offloading vessel for Guyana that could mirror the development concept being advanced for Longtail, Chairman and Chief Executive Officer Darren Woods said during the company’s second-quarter 2026 earnings call on...

bp has started production from the Atlantis Major Facility Expansion project in the U.S. Gulf of America, adding new capacity to one of its longest-producing offshore assets. The company announced on July 30 that the expansion project will add two...

Dear Editor, Like many Guyanese, I have struggled to find the right words following the MV Barima tragedy. Lives were lost, families were changed forever, and an entire nation was left grieving. My thoughts remain with every person who lost...

Petrobras recorded its highest quarterly production level in the second quarter of 2026, with average output reaching 3.34 million barrels of oil equivalent per day (boe/d). The Brazilian state-controlled oil company reported on July 28 that production of oil, natural...

TechnipFMC reported "strong" second-quarter 2026 results on July 30, driven by US$2.5 billion in subsea orders and higher project activity across its offshore business. The company recorded total revenue of US$2.76 billion during the quarter. Net income attributable to TechnipFMC...

Saipem has identified its subsea contract for ExxonMobil Guyana’s Longtail development as one of its largest contract awards during the second quarter of 2026, according to the company’s first-half results released on July 27. The award was listed alongside other...

S&P Global Ratings affirmed Trinidad and Tobago’s long-term sovereign credit rating at “BBB-” on July 22, 2026, but maintained a negative outlook as economic growth remains weak and the country’s financial buffers continue to decline. The ratings agency also affirmed...

Increased offshore development activity in Guyana, Brazil and Mexico supported SLB’s Latin America performance during the second quarter of 2026, with the oilfield services company reporting US$1.71 billion in regional revenue. SLB reported its second-quarter results on July 24, showing...

Guyana’s crude has earned a reputation for being light and sweet, making it attractive to refiners because it is easier and less expensive to process into products such as gasoline, diesel and jet fuel. Increasingly, however, another quality is...