ExxonMobil Guyana announced on Wednesday that the country’s daily oil production has reached a new milestone of 900,000 barrels per day, following the ramp-up of the Yellowtail project to full capacity.
Yellowtail, Guyana’s fourth offshore development, has achieved its designed...
A consortium of Petronas, QatarEnergy and TotalEnergies signed its Petroleum Exploration License for the S4 shallow block in Guyana’s offshore waters, a historic feat after the country’s maiden auction launched in 2022. The signing ceremony was held this morning...
South America will sustain strong final investment decision (FID) momentum through 2030, leading to a cumulative US$197 billion in conventional greenfield spending across oilfields between 2020 and 2030.
The projection comes from a new report by Norway-based Rystad Energy, which...
The Guyana Technical Training College Inc. (GTTCI) is preparing to expand its focus beyond offshore oil and gas to meet the skills needed for the country’s emerging petrochemical, refinery, and construction industries, according to its Director, Professor Clement Sankat.
“I...
ExxonMobil’s latest offshore campaign in Trinidad and Tobago could yield over US$20 billion in new investment opportunities, according to an analysis published by Rystad Energy on November 6.
The firm said the U.S. oil major is targeting one of the...
Offshore oilfields that have come online since 2020, and those expected to start up by 2030, will account for over 65% of South America’s conventional oil production, according to an analysis published by Norway-based Rystad Energy on November 6.
The...
French geophysical technology company Sercel announced on Tuesday that it has been awarded a five-year contract for technical support and maintenance from ExxonMobil Guyana for the Marlin Vessel Tracking and Alerts (VTA) software solution it delivered in 2024.
Sercel will...
Global energy technology company SLB has unveiled Tela™, an agentic artificial intelligence (AI) assistant designed to revolutionize the upstream energy sector by enhancing productivity and decision-making across exploration and production workflows.
Tela integrates into SLB’s portfolio of applications and platforms,...
MODEC Guyana Inc. is seeking a qualified subcontractor to perform assembly, testing, certification and installation of marine offloading hoses for its floating production, storage and offloading (FPSO) vessels operating offshore Guyana.
The scope of work includes inspection and renewal of...
Guyana has upgraded its 2025 economic growth forecast to 15.2%, citing continued strength in oil production that has offset weaker global crude prices, the Ministry of Finance said in its mid-year report.
The revised projection marks a sharp increase from...
