Traffic at the Guyana Pavilion at the Offshore Technology Conference (OTC) has been the highest ever to date, according to Georgetown Chamber of Commerce and Industry (GCCI) President, Kester Hutson.  Hutson is leading a delegation of member companies to the...

Offshore drilling contractor, Noble Corporation plc, said it has been awarded a significant additional backlog commitment from ExxonMobil Guyana under its Commercial Enabling Agreement (CEA).  The contract duration was extended for four drillships operating under the CEA, from Q4 2025...

With the Uaru development plan (FDP) finalised, oilfield giant Saipem has been given the green light by ExxonMobil Guyana to commence the final phase of the subsea work for the Stabroek Block project.  Saipem said the awarded scope of work...

Eco (Atlantic) Oil & Gas Ltd. recently announced that RISC Advisory (UK) Limited, an independent oil and gas advisory firm, has estimated the total Unrisked Gross P50 Prospective Resources at approximately 4 billion barrels of oil equivalent (BOE) in...

TotalEnergies CEO Patrick Pouyanné has announced that 2023 is set to be a big year for Suriname, as the company looks to consolidate its oil pool offshore. Speaking about the company's activities, Pouyanné explained that an appraisal well is...

Solid first quarter; consistent with full year 2023 objectives Adjusted revenue of €1,407 million, Adjusted recurring EBIT margin of 7.6% 10% year-over-year growth in Adjusted net profit of €80 million Preparing future core with the creation of Rely – a new integrated...

With prime assets in Guyana and the Permian Basin supporting a multi-billion dollar balance sheet each quarter, Chief Executive Officer (CEO) and Chairman of ExxonMobil Corporation, Darren Woods said his company's performance remains rock-solid and well ahead of the...

Guyana's Vice President Dr. Bharrat Jagdeo said April 27 that the review of the field development plan for the Liza project has been completed, to give effect to the Gas-to-Energy (GTE) project.  “The field development plan for Liza has been...

Oil and gas engineering firm TechnipFMC has been awarded a large contract to provide the subsea production system for ExxonMobil Guyana's Uaru project. The contract covers the supply of 44 subsea trees, 12 manifolds, and associated equipment. This is the...

By Dr. Ulric Trotz - OilNOW Two recent developments on the climate finance landscape cause me some concern.  The first is the agreement at the 2022 Conference of the Parties (COP) of the United Nations Climate Change Convention (UNFCCC) in Egypt,...