The National Petroleum Corporation of Namibia (NAMCOR) announced a substantial oil discovery in Block 2813A (PEL83), Orange basin, offshore Namibia. NAMCOR, with a 10% carried interest, collaborated with partners Galp Energia (80%, operator) and Custos (10%) in the successful...

The value created by GACIO’s US$30 million marine facility on the West Bank of Demerara was enormous, said Guyana President Irfaan Ali at the commissioning ceremony on Jan. 13.  Ali delivered the feature address at the event and said the...

As part of a wider effort to bolster the capabilities of Surinamese businesses, Chevron and Staatsolie are set to host a Supplier Development Program later this month. This initiative follows the successful 2023 Blue Wave Supplier Development Program launch,...

Jumbo Offshore has been awarded a contract by MODEC Guyana Inc. for the pre-installation of the mooring spread of the Errea Wittu floating production storage and offloading vessel (FPSO), which will be located offshore Guyana at ExxonMobil’s Uraru Development. Errea...

The need for engineers in Guyana’s booming oil industry has led to students from the country’s premier university being absorbed by companies even before they graduate.  Vice Chancellor (VC) of the institution, Dr. Paloma Mohamed shared in a recent discussion...

Wood Mackenzie's recent analysis revealed a shift in the oi and gas industry, characterized by a wave of consolidation, which it said is poised to persist through the energy transition phase.  In a Jan. 9...

Guyana’s third oil production vessel - Prosperity - has achieved background flare in a record 39 days, according to an announcement by ExxonMobil Guyana Limited (EMGL) on Wednesday.  EMGL said the accomplishment marks a significant milestone in the company’s commitment...

LONDON--(BUSINESS WIRE)--Hunting PLC (LSE: HTG), the precision engineering group, today issues a year-end trading update ahead of announcing its 2023 Final Results on Thursday 29 February 2024. All financial data noted below remains subject to audit. Highlights 2023 trading and financial outturn...

According to a recent article by S&P Global Commodity Insights, the upstream oil and gas activity in Mexico is anticipated to experience a slowdown in 2024. This situation has emerged as companies foresee limited new opportunities following the election...

GAICO Construction and General Services is set to commission a US$30 million marine facility in Guyana, located at Nismes Foreshore, West Bank Demerara, housing a wharf, dry dock laydown, and storage yard.  In its project summary to the Environmental Protection...