U.S. President Donald Trump reversed the pause on LNG export permitting applications and instructed expedited reviews of related projects as part of a broad energy policy overhaul.  In his ‘Unleashing American Energy’ executive order issued hours after his inauguration, Trump...

BOMESC Offshore Engineering Company Limited has signed a contract with STS VOF to construct topside modules for Suriname’s first floating production, storage, and offloading (FPSO) vessel.  The deal, valued between RMB 750 million and 1 billion (approximately US$102 million to...

Kimberly Lachman never imagined a career in the oil and gas industry. “I wanted to be a veterinarian as a kid. I didn’t see myself here as a logging geologist,” she admitted. Yet today, she is charting a course...

Guyana received US$2.57 billion (GY$536 billion) in oil revenue in 2024, based on monthly and quarterly reports of the Natural Resource Fund (NRF). The amount is 59% more than the approximately US$1.62 billion (GY$337 billion) that the NRF received...

Guyana’s former Foreign Minister, Carl Greenidge, has stressed the need for the nation to partner with financially strong and technically capable companies to ensure the sustainable development of its oil and gas sector.  Speaking during a webinar hosted by the...

The Guyanese government is awaiting a report from independent consultant IKM Acona AS before deciding on ExxonMobil’s plans to optimize the Liza Unity floating production, storage, and offloading (FPSO) vessel.  IKM Acona provides comprehensive consultancy and project management services to...

Hess Corporation has revealed that nearly half of the Stabroek Block’s massive 11.6-billion-barrel reserve will be tapped with six production vessels.  “With the six ships that we have already sanctioned, we're going to be developing over five billion barrels of...

Namibia's Minister of Mines and Energy, Tom Alweendo, has downplayed the impact of Shell's announcement that discoveries in Petroleum Exploration License (PEL) 39 are not viable for commercial development.  Shell determined that the oil discoveries were not commercially viable, leading...

Guyana’s fourth Stabroek Block development, Yellowtail, is approximately 95% complete, according to an update from Hess's Chief Executive Officer, John Hess, speaking at the recent Goldman Sachs conference.  The Yellowtail Development includes six drill centers and up to 67 wells,...

A US$526 million loan to Guyana for its Gas-to-Energy project is the first of many deals to come, an official from the United States Export-Import Bank (EXIM) said at an event on Friday.  “We can be, at US EXIM, a...