The year 2024 is expected to welcome a massive expansion of operations in Guyana’s oil and gas industry. New blocks will be awarded, oil developments will advance, and the prospect of gas development will shift into focus.  Here is a...

Petrobras, the Brazilian state oil producer, has acquired significant stakes in three offshore blocks in Sao Tome & Principe through a deal with Shell, marking its re-entry into African exploration. Under this agreement, Petrobras secured a 45% interest in blocks...

While the exploration success carried less momentum, Guyana’s oil and gas sector hit several milestones in 2023. Let’s look back at a few of those in no particular order.  Starting with discoveries…  In January, Hess announced the Fangtooth SE-1 discovery, revealing...

Offshore drilling contractor Noble Corporation has inked a deal with Petrobras, clinching a contract for its semi-submersible rig, the Noble Discoverer, to render drilling services off the coast of Colombia. The contract guarantees a firm duration of 400 days, scheduled...

Guyana's Gas-to-Energy project is set to receive significant financial support from the United States, according to Vice President Bharrat Jagdeo. Jagdeo detailed the ongoing negotiations and assurances received from various US departments, highlighting the expected approval of a substantial...

GAICO Construction and General Services Inc. announced that it completed the materials offloading facility (MOF) for the Gas-to-Energy project and is currently undertaking the laying of 26 kilometers of onshore pipelines.  “As a local company we are excited about this...

President of PDVSA and Minister of Petroleum for Venezuela, Rafael Tellechea, said the company, as well as Shell and the National Gas Company of Trinidad and Tobago, signed a license for the development of the Dragon gas field, in...

TotalEnergies' concerted efforts in expanding its portfolio in Suriname's offshore basin, notably with the recent signing of a production sharing contract for Block 64 alongside QatarEnergy and Petronas, hold significant promise for the country's offshore oil production landscape. Block 64,...

Ten years ago this month, Guyanese company Muneshwers Limited acquired a 30-acre property on the outskirts of Georgetown, the country’s capital city, with a plan to pursue development of a container terminal for its shipping business. But following ExxonMobil’s worldclass...

The Guyana Technical Training College Incorporated (GTTCI) is set to launch operations by next year, with the first phase nearing completion this quarter. The government of Guyana and ExxonMobil are the major partners in this venture. SBM Offshore is...