ExxonMobil Guyana Limited (EMGL) is actively searching for warehouse facilities in strategic locations across Guyana to improve its operational capacity and logistics network.  The company has identified various areas, including: Georgetown: EMGL views the capital as vital for its logistical operations...

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,...

Twenty-twenty two was hailed as the most successful year for exploration in Guyana's history, marked by a total of nine discoveries in the Stabroek Block and a significant find in the Corentyne Block. This year, the pace has slowed,...

By Cristina Caus - OilNOW The Gas-to-Energy project is an embodiment of Guyana’s mission to transform its historically underperforming economy, now one of the fastest growing, into a world-class and competitive environment. The GtE project represents one of the largest...

A massive infrastructure transformation and construction boom in South America’s lone English-speaking country are the most visible signs of the nation’s newfound wealth which is being delivered by huge oil fields under development offshore. And the latest World Economic...

SBM Offshore has secured a US$210 million revolving credit facility (RCF) to finance the construction of Fast4Ward® Multi-Purpose Floater (MPF) hulls, the company said in December 15 release.  The tenor of the RCF is eighteen months with an extension option...

CGX Energy and Frontera Energy, partners in the exploration of the Corentyne block offshore Guyana, have announced their strategic plan to commence oil production by 2030. This announcement came during a public technical presentation on December 11, 2023, where...

In November, Guyana’s oil fund received payment for the 14th lift of profit oil amounting to approximately US$90 million (GY$18.77 billion).  Profit oil payments for the year accumulate in excess of US$1.1 billion. Government expects three more. Royalties, not received...

The International Monetary Fund (IMF) has underscored Guyana's significant position among countries with the highest levels of oil reserves per capita worldwide, presenting a promising economic outlook compared to its historical trajectory. Commercially recoverable petroleum reserves in Guyana now exceed...

Shanghai Waigaoqiao Shipbuilding (SWS) has reportedly completed the keel-laying process for the fifth Fast4Ward floating production, storage, and offloading (FPSO) hull, just seven months shy of the initial steel cutting for the vessel. The FPSO was constructed based on SBM...