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SLB launches Tela™, an agentic AI assistant to transform upstream energy operations

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 seeks subcontractor for offloading hose recertification in Guyana

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 raises 2025 growth forecast to 15.2% on stronger oil output

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...

ExxonMobil seeks local insurer for Hammerhead-related exposures

ExxonMobil Guyana Limited has issued a Request for Information (RFI) to identify qualified suppliers to provide a Local Insurance Policy for the Hammerhead Construction All Risk (CAR) Insurance Package Program. The RFI seeks insurers who meet the requirements under section...

Yellowtail produced 134,000 b/d in September

Oil production at ExxonMobil's Yellowtail development offshore Guyana averaged 134,000 barrels per day (b/d), increasing from 75,000 b/d in the previous month, government data shows. Yellowtail, ExxonMobil’s fourth project offshore Guyana, started production on August 8 and is ramping...

Exxon, partners recover US$6.6 billion in Guyana oil costs in first half of 2025 – Finance Ministry reports

ExxonMobil and its partners recovered about US$6.6 billion in costs from Guyana’s oil sector in the first half of 2025, the Ministry of Finance said in its mid-year report. The report, released on Monday, reflects the continued recouping of...

Chinese engineering giants among 12 groups vying to build natural gas facility in Guyana

Twelve groups, including several major Chinese engineering firms, have submitted proposals to construct a natural gas liquids (NGL) storage and marine offloading facility in Guyana — a key component of the country’s landmark Gas-to-Energy project. The National Procurement and Tender...

ExxonMobil to showcase Proxxima technology on upcoming Hammerhead FPSO

ExxonMobil will put its new Proxxima materials to the test on the upcoming Hammerhead floating production, storage and offloading (FPSO) vessel, its seventh development in Guyana’s prolific Stabroek Block. Chairman and Chief Executive Officer Darren Woods made the disclosure during...

Here’s everything you need to know about ExxonMobil’s proposed Longtail development 

ExxonMobil’s proposed Longtail project will mark Guyana’s entry into gas development, setting the stage for the country’s first non-associated gas production. The project, which targets a final investment decision in 2026, is expected to operate for three decades and...

Chevron CEO hails Guyana progress, praises team behind Yellowtail, Hammerhead projects

Chevron’s Chairman and Chief Executive Officer, Mike Wirth, said the company is pleased with progress in Guyana following its acquisition of Hess Corporation’s assets.  Speaking during Chevron’s third-quarter 2025 earnings call, Wirth confirmed that the Yellowtail project began production during...

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Return of Venezuelan crude could support Trinidad refinery revival – Energy Chamber 

The return of Venezuelan crude to international markets could support efforts to restart refinery operations in Trinidad and Tobago,...