TOTALTEC Inc., a 100% Guyanese-owned company, has unveiled a new multi-sector e-learning platform aimed at equipping Guyanese workers with internationally accredited skills. The initiative targets key industries crucial to the country’s economic growth, including hospitality, construction, oil and gas,...

According to Norway-based Rystad Energy, the Floating Production Storage and Offloading (FPSO) market saw a 50% increase in investments in 2023, rising from US$6 billion to US$9 billion in greenfield surface capital expenditure. This upward momentum is expected to...

ExxonMobil’s Liza find back in 2015 unlocked a treasure trove of oil and gas discoveries in Guyana’s Stabroek Block. Now, in 2024, the number stands at 45 discoveries and Exxon aims to take this even higher.  “I believe Guyana will...

Saipem's FDS2 vessel has successfully wrapped up its pipelay and subsea construction work for ExxonMobil's Yellowtail Project offshore Guyana, achieving a milestone of 180 consecutive “Perfect Days.” This accomplishment means 180 days without any injury, asset damage, or environmental...

By 2027, US$55 billion would have been invested in oil and gas projects in Guyana by ExxonMobil and its co-venturers Hess and CNOOC. This commitment is based on the terms of the 2016 Stabroek Block Production Sharing Agreement. “Any change...

The recent Final Investment Decision (FID) in Block 58 has reaffirmed the Guyana-Suriname Basin's position as one of the most promising oil exploration regions in the world. According to Schreiner Parker, Managing Director for Latin America at Rystad Energy,...

ExxonMobil Guyana President Alistair Routledge said the recently arrived capping stack in Guyana, which is currently stationed at the Guyana Shore Base Inc. (GYSBI), is expected to be relocated to the Vreed-en-Hoop Shore Base Inc. (VEHSI) at some point. The...

President of Guyana, Dr. Mohamed Irfaan Ali, announced during an October 10 Parliamentary address that starting from the January 2025 semester, tuition fees will be completely abolished at the University of Guyana.  The measure is expected to benefit over 11,000...

Debottlenecking efforts at the Liza Unity floating production, storage and offloading (FPSO) vessel could boost its output to 270,000 barrels per day (b/d).  ExxonMobil Guyana President, Alistair Routledge, said the vessel underwent debottlenecking in July during a shutdown of the...

The Guyana government is seeking a consultant to review and evaluate ExxonMobil's proposed Hammerhead oil development, its seventh offshore project.  A request for expressions of interest, issued through the Ministry of Natural Resources, aims to secure consulting services with part...