In a bold step toward shaping the future of technology in South America and the Caribbean, the Government of Guyana and Cerebras Systems – an American artificial intelligence (AI) company – signed a landmark Memorandum of Understanding (MOU) to...
Three of ExxonMobil’s 2025 exploration and appraisal wells in Guyana’s Stabroek Block — Hamlet-1, Barreleye-2, and Lukanani-2 — are strategically positioned updip of the prolific ‘Golden Lane’ trend. This is according to a November 11 report from global energy...
Minor changes have been made to the non-fiscal terms in Guyana’s new model Production Sharing Agreement (PSA), according to Minister of Natural Resources, Vickram Bharrat.
The terms govern Guyana’s first offshore auction. Concerns were raised by Stabroek Block operator ExxonMobil....
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...
