Showing results for:

How close is Guyana to hitting one million barrels per day in oil production?

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...

UG opens 2026/2027 applications as Guyana pushes new wave of oil, engineering talent

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...

First subsea equipment for GranMorgu delivered to Suriname

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...

Should Guyana build its own refinery as fuel shortages test supply security?

Fuel shortages across Guyana, which disrupted supply at several gas stations, have brought renewed attention to the country’s fuel supply structure, raising the question again of whether a domestic oil refinery is needed or whether alternatives such as imports...

Petrobras discovers hydrocarbons in Campos Basin exploration well, samples to undergo testing

Petrobras has identified hydrocarbons in the pre-salt section of Brazil’s Campos Basin, following exploratory drilling in block C-M-477 offshore Rio de Janeiro, it said in an April 13 release. According to Petrobras, the fluid samples have been collected and will...

Westwood sees Guyana exceeding 100 subsea trees by 2030

Guyana is among the high-growth offshore markets expected to require more than 100 subsea trees by 2030, according to Westwood Global Energy Group in an April 13 LinkedIn post. “High-growth markets including Australia, China, and Guyana are each expected to...

Guyana Prime Minister says no need to panic as fuel cargoes arrive, more expected

Guyana’s Prime Minister Mark Phillips urged the public not to panic buy or hoard fuel on Monday, saying supplies are stabilizing after a temporary disruption caused by a delayed shipment from a major supplier. Guyana, like many countries globally, is...

Guyana crude gains ground in India as exports expand into Asia

Guyana’s crude is reaching deeper into Asia, with India emerging as a growing destination for cargoes as exports expand eastward. Shipments are being integrated into the country’s large, complex refining system, showing rising demand for Guyana’s crude grades. According to...

Standardization debate sharpens as deepwater players weigh speed against innovation

Operators and contractors at the World Oil Deepwater Development Conference in Lisbon, Portugal, identified standardization as a key driver of faster project delivery, while warning it could constrain innovation, according to insights from Welligence. According to World Oil’s April feature,...

Staatsolie invites companies to join 2026 Blue Wave supplier program

Staatsolie is calling on Surinamese businesses to participate in the 2026 edition of its Blue Wave Supplier Development Program, aimed at preparing local firms for offshore opportunities. In a LinkedIn post on April 8, 2026, the state oil company announced...

Latest News

SBM Offshore credits Guyanese talent and global expertise for ONE GUYANA FPSO success

SBM Offshore is crediting Guyanese talent, backed by international expertise, for the performance of the ONE GUYANA floating production,...