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Guyana may use bridge financing until US EXIM Bank loan comes in for Gas-to-Energy project

The Gas-to-Energy project, a critical development in Guyana, is steadily advancing. Amidst this progress, Guyana’s Vice President, Dr. Bharrat Jagdeo, has mentioned the possibility of using bridge financing to sustain the project until the awaited loan from the United...

EMGL seeks deepwater ROV support for key offshore operations in Guyana

ExxonMobil Guyana Limited (EMGL) has made a public Request for Information (RFI), inviting proposals for Deepwater Subsea Remote Operated Vehicle (ROV) services to support its operations in the Stabroek Block, Guyana. EMGL has played a pivotal role in the country's...

Trinidad’s Energy Chamber urges short-term upstream gas investment amid bid round optimism

Though Trinidad’s latest shallow water bid round was welcomed by its Energy Chamber, much concern was expressed about the need to stimulate short-term investment in existing acreage to prop up its liquefied natural gas (LNG) sector.  Launched on Oct. 4,...

Exxon, Hess withdraw from Kaieteur Block offshore Guyana

ExxonMobil Guyana has indicated that it is withdrawing from the Kaieteur Block. Additionally, Ratio Petroleum Energy Limited has informed the market that Hess is also withdrawing from the block. “ExxonMobil Guyana has exited the Kaieteur block offshore Guyana, with participating...

Reactive Technologies’ Grid Inertia Measurement Tech to Enable Offshore Wind Rollout in Taiwan

LONDON--(BUSINESS WIRE)--Reactive Technologies Limited (RTL, Reactive), the UK grid resilience technology company, today announced the launch of its grid stability measurement service with The Taiwan Power Company (TPC), a state-owned electric utility providing electricity to more than 13 million...

bp Trinidad and Tobago completes critical offshore pipeline replacement

bp Trinidad and Tobago (bpTT) has announced the successful completion of its Trinidad Offshore Pipeline Replacement (TOPR) project, as part of the company's ongoing efforts to enhance its infrastructure.  The TOPR project involved the installation of a 96-kilometre, 12-inch pipeline,...

Equinor advances gas field development in Brazil’s Campos Basin

Norwegian oil and gas company Equinor, in partnership with Repsol Sinopec Brasil and Petrobras, has submitted declarations of commerciality and plans of development for two substantial fields in the BM-C-33 concession in the Campos Basin, offshore Brazil. Equinor is the...

Maduro announces signed deal for Dragon Gas development with Trinidad

Venezuelan President Nicolas Maduro posted on X, formerly Twitter, that his government has closed the deal with Trinidad and Tobago to see the development of the Dragon Gas field that straddles both nations.  In a statement issued by the Venezuelan...

Guyana plans to publish draft gas strategy for consultations in two weeks – Jagdeo

Guyana's Vice President, Dr. Bharrat Jagdeo, announced during a recent press conference that the country is set to release a draft of its gas strategy within the next two weeks for public consultation. This comes as part of the...

SBM Offshore and Mitsubishi Heavy Industries unveil CO2 capture solution

SBM Offshore and Mitsubishi Heavy Industries Ltd. (MHI) have unveiled a significant stride toward reducing greenhouse gas emissions from floating production, storage and offloading vessels (FPSO). They announced a Partnership Agreement that aims to provide a carbon dioxide (CO2)...

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ExxonMobil sees more Guyana projects as Stabroek acreage remains under evaluation

ExxonMobil expects additional offshore developments in Guyana as work continues to assess remaining areas of the Stabroek Block. The update...