Guarantee International Crating Inc. (GIC Inc.) emerged onto the scene of Guyana's oil and gas sector with a vision to provide reliable and compliant crating services tailored to the industry's stringent standards. Nickel Hazelwood, Operations Manager and one of...

Global oil and gas well completion rates have experienced a significant rebound, following a period of decline triggered by the 2014 oil price crash and further exacerbated by the COVID-19 pandemic, according to a March 24 report by Norway’s...

ExxonMobil’s open day on the West Bank of Demerara in Guyana drew scores of visitors who were eager to ask the company about the progress of its work on the landmark Gas-to-Energy project.  The event, while not mandatory, was held...

Venezuela has initiated a process to bolster its offshore exploration efforts by partnering with Geoex MCG, a UK-based subsurface data specialist, to conduct extensive seismic data acquisition across the country’s gas-rich offshore waters. Geoex MCG Ltd announced the signing of...

The Government of the People's Republic of Bangladesh along with Petrobangla (state-owned gas company) has announced the Bangladesh Offshore Bidding Round 2024. A total of 24 offshore blocks, comprising nine shallow sea blocks (SS-01, 02, 03, 05, 06, 07,...

Surinamese state oil company, Staatsolie, announced on March 4 that it has signed a Letter of Agreement (LoA) with PETRONAS and ExxonMobil to extend the exploration of a gas discovery made in 2020 off the coast of Suriname in...

Bruno Chabas, Chief Executive Officer (CEO) of SBM Offshore, says the company is on track to deliver a near zero emission floating production, storage and offloading (FPSO) vessel next year. “The carbon capture solution developed in partnership with Mitsubishi Heavy...

ExxonMobil Guyana Limited (EMGL) has announced plans to establish a telecommunications coastal station in the Georgetown area to support operations related to the Gas-to-Energy pipeline. The station aims to facilitate communication and monitoring efforts crucial for pipeline operations and...

ExxonMobil Guyana is expected to continue with pipelaying activities from the West Coast of the Demerara River toward the Stabroek Block for the Gas-to-Energy project. Guyana’s Maritime Administration said in a notice that the shallow water pipelaying barges Stingray and...

SBM Offshore announced on Feb. 29 that it delivered record level financial performance in 2023 with Directional Revenue of US$4.5 billion, over 38% above guidance. The company also maintained its future backlog at more than US$30 billion. “Over the past...