Guyana's Vice President Bharrat Jagdeo says seven hotels are under construction and are expected to open their doors by next year in the South American country. The government expects the expansion in the hospitality sector to employ approximately 3,000...

Hess said its net production in Guyana is expected to drop between the 170,000 to 175,000 barrels per day (b/d) range, its Q2 earnings report said. Hess has a 30% stake in the Stabroek Block, where Exxon produces oil...

Hess Corporation reported a net income of US$757 million, or US$2.46 per share, in the second quarter of 2024. This was a significant uptick from the US$119 million, or US$0.39 per share, reported in the second quarter of 2023.  In...

A team from Guyana's Ministry of Labour recently visited the Noble Bob Douglas drillship as part of ongoing efforts to ensure the well-being and rights of workers in the country's oil and gas industry.  The team, including Occupational Safety and...

Eco (Atlantic) Oil & Gas has signed an assignment and share cancellation agreement with Africa Oil. Azinam, a wholly owned subsidiary of Eco, will transfer a 1% interest in Block 3B/4B offshore South Africa to Africa Oil.  This includes the...

Authorities in Guyana are pursuing the second phase of a training facility in Berbice with support from ExxonMobil, slated for completion in 2025. The first phase, a simulator for floating production, storage and offloading (FPSO) vessels, was commissioned in...

ExxonMobil’s Uaru and Whiptail projects are each targeting an initial production range of 220,000-275,000 barrels per day (b/d), according to a document distributed at the company’s recent public meeting in Georgetown.  Uaru and Whiptail are the fifth and sixth oil...

Oil, the earth’s black gold, lies deep beneath waters in Guyana’s exclusive economic zone and has been propelling the South American country to new heights. Opportunities are boundless but a major problem exists - labor. And Guyana needs lots...

The development of new deepwater basins in Latin America and beyond presents significant growth opportunities for oilfield services giant SLB, according to Chief Executive Officer (CEO) Olivier Le Peuch. In a Friday conference call discussing the company's second-quarter earnings,...

Offshore marine services company – Bourbon Guyana Inc. – now has seven vessels supporting oil and gas operations offshore in the Stabroek Block.  “The Bourbon Clear joins our local Bourbon Guyana fleet, increasing the number to 7 OSVs operating...