Italian multinational company Saipem has been awarded two significant offshore contracts with a combined value of approximately US$850 million.  The contracts encompass an Engineering, Procurement, Construction, and Installation (EPCI) project in the Black Sea and decommissioning activities in the North...

American Multinational, NOV - a worldwide drilling and oil production equipment provider - has joined the list of companies looking to on Guyana’s oil and gas success.  The company opened its Wellsite Service/Tuboscope facility at Rome on the East Bank,...

It’s full steam ahead with Guyana’s Gas-to-Energy project.  Before the second quarter ends, Van Oord and Subsea 7 are expected to begin laying pipeline infrastructure on Guyana’s seabed, project documents indicate. A project summary submitted by the consortium to the Environmental...

Petrobras, the Brazilian state-run oil and gas company, on May 9 announced that its average oil, natural gas liquids (NGL), and natural gas production reached 2.68 million barrels of oil equivalent per day (MMboed) in the first quarter of...

With expanding crude production offshore Guyana at an unrivaled pace, builders of floating production, storage and offloading (FPSO) units are being pushed to add higher capacity vessels to their portfolios.  MODEC and SBM Offshore have both been entrusted by ExxonMobil...

With the Uaru Development Project expected to produce 540 million standard cubic feet of gas per day, Guyanese authorities want ExxonMobil Guyana to conduct a study on the possibilities for export. According to the provisions of the Petroleum Production Licence...

Guyanese Member of Parliament (MP), Jermaine Figueira believes the imminent Gas-to-Energy Project will be a game-changer for the South American producer as it is intended to provide a reliable and affordable source of energy for domestic consumption while facilitating...

The assurance of Trinidad’s Energy Minister, Stuart Young may have been given prematurely when he claimed that the controversy surrounding Venezuela’s PDVSA would not affect the Dragon gas deal.  It seems there has been no word from Venezuelan counterparts on...

The Guyana Pavilion at the Offshore Technology Conference 2023 (OTC), was officially opened on the morning of May 1 with a symbolic ribbon-cutting ceremony. Guyana has been one of the main newcomers at the show in recent years. The...

Oil has become an important part of Guyana’s history, preserved and on view at the country’s National Museum as Stabroek Block operator ExxonMobil relaunched the new and improved oil and gas exhibit.  While many will not be able to travel...