Stacked against each other, international investors will tell you that they favour Guyana’s oil prospects over Suriname’s, and even those of legacy producer, Trinidad and Tobago, says energy analyst, Arthur Deakin. The Director for Americas Market Intelligence (AMI) Energy Practice made this statement as part...

Towards the modernisation of its massive wharf facility in Guyana, Muneshwers’ Limited – a household name in the South American nation – has inked a US$4 million deal with the Inter-American Development Bank (IDB) to procure the country’s first...

Global supplier and operator of offshore floating platforms, Mitsui Ocean Development & Engineering Company Inc. (MODEC) announced on Tuesday that it has signed a contract to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and...

Guyana on Monday held talks with India on issues ranging from areas of collaboration in energy security to the possibility of Indian companies extending training to Guyanese engineers in upstream and downstream oil and gas industries. Minister of Natural Resources,...

CNOOC Limited, a 25% stakeholder in the Stabroek Block, recorded a massive US$5.1 billion (36.9 billion yuan) in earnings for the third quarter of 2022. This represents an 89% increase in a year driven by strong oil and gas...

While Hess Corporation and other majors may be cashing in big from key productive assets, global supply needs to ramp up as quickly as possible to avert further consequences of a deepening energy crisis. This was stated on Wednesday by...

TechnipFMC, one of the prime contractors for ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), said on Thursday that it recorded US$1.7 billion in revenues for the third quarter of this year. Chair and Chief Executive Officer (CEO), Doug...

ExxonMobil is the latest in over 20 oil and gas companies operating in Guyana to have their five-year Local Content master plans approved by the regulator. Exxon, Saipem Guyana Inc., and Gulf Engineering Services Guyana Limited got their approvals this...

Offshore marine services company – Bourbon Guyana Inc. – currently has six vessels supporting oil and gas operations offshore in the Stabroek Block and those vessels will remain until the end of the decade. Managing Director of the Company, Edward...

Oilfield services company and major ExxonMobil contractor in Guyana, Schlumberger, has rebranded to SLB – a company focused on energy innovation and decarbonisation, to address the world’s energy needs and chart a future for the global energy transition. Beginning October...