CinNex Inc., a name synonymous with multimedia innovation in Guyana, stands as a testament to resilience, adaptability, and foresight. At the helm of this dynamic company is John Duncan, the Chief Executive Officer (CEO), whose journey from a technical...
The Stena Carron has commenced appraisal drilling at the Hammerhead-4 well at the Stabroek Block offshore Guyana. This is according to the country's Maritime Administration Department.
Drilling activities are expected to conclude at the end of October. Exxon announced a...
Alicia Bess Anderson, Advisor for ExxonMobil Guyana, highlighted the profound impact of the Greater Guyana Initiative (GGI) during a recent episode of the Energy Perspectives Podcast. This initiative, a collaboration between Stabroek Block co-venturers Exxon, Hess and CNOOC, aims...
Guyana's government has significantly revised its forecast for the value of oil exports in 2024, now projecting a total of US$18.67 billion, up from the previous estimate of US$16.8 billion. This increase is driven by higher-than-expected oil production and...
MODEC Guyana is set to open a series of procurement opportunities as it works to deliver a floating production, storage and offloading (FPSO) vessel for operation offshore Guyana.
The Local Content Secretariat revealed a list of 32 opportunities that form...
Paramaribo Suriname - With Guyana now having a capping stack in country, TotalEnergies is considering a subscription as plans progress for Suriname’s first offshore development.
TotalEnergies Vice President - Health, Safety, Security, and Environment, Simon Byrne, confirmed this on Aug. 28...
UK-based CRP Subsea has been awarded a “major” contract from an unnamed “leading energy technology company,” for an offshore oil field project located approximately 200 kilometers off the northern coast of Guyana.
The announcement was made by AIS, CRP Subsea’s...
Crude oil production at the ExxonMobil-operated Stabroek Block decreased significantly in July due to temporary shutdowns at the Liza field. Government data shows output at 427,000 barrels per day (b/d) in July, down 34% from 644,000 b/d in June.
Monthly...
Guyana’s Natural Resource Fund received US$1.38 billion (GY$288.35 billion) in revenue from oil sales and royalties in the first half of 2024. This amounted to approximately US$7.6 million (GY$1.58 billion) per day.
Payments were included for 15 million-barrel lifts of...
Baker Hughes said it set a new benchmark for open water drilling in Guyana, completing a 26-inch section with “unprecedented speed and efficiency.”
The company reported a 40% increase in on-bottom rate of penetration (ROP) and a 61% reduction in...
