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U.S. Senator presents bill to strengthen security cooperation with Guyana amid Venezuela threats

United States Senator Michael Bennet (Democrat, Colorado) has proposed new legislation aimed at enhancing security cooperation with Guyana, deterring Venezuelan aggression. “As Venezuelan dictator Nicolás...

Errea Wittu FPSO arrives in Singapore after successful hull sailaway from China

MODEC announced the successful arrival of the Errea Wittu floating production, storage and offloading vessel (FPSO) in Singapore on June 28, 2025. The vessel's...

Exxon committed to building local capacity – Professor Sankat

Professor Clement Sankat, Director of the Guyana Technical Training College Institute (GTTCI), has lauded ExxonMobil’s contribution to the country's workforce development, affirming the company’s...

Five global firms bid to lead geothermal drilling in St. Kitts and Nevis

The Organisation of Eastern Caribbean States (OECS) Commission has opened bids for the production drilling phase of the St. Kitts and Nevis geothermal power...

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million barrels) in June, bringing total...
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U.S. Senator presents bill to strengthen security cooperation with Guyana amid Venezuela threats

United States Senator Michael Bennet (Democrat, Colorado) has proposed new legislation aimed at enhancing security cooperation with Guyana, deterring Venezuelan aggression. “As Venezuelan dictator Nicolás...

Errea Wittu FPSO arrives in Singapore after successful hull sailaway from China

MODEC announced the successful arrival of the Errea Wittu floating production, storage and offloading vessel (FPSO) in Singapore on June 28, 2025. The vessel's...

Exxon committed to building local capacity – Professor Sankat

Professor Clement Sankat, Director of the Guyana Technical Training College Institute (GTTCI), has lauded ExxonMobil’s contribution to the country's workforce development, affirming the company’s...

Five global firms bid to lead geothermal drilling in St. Kitts and Nevis

The Organisation of Eastern Caribbean States (OECS) Commission has opened bids for the production drilling phase of the St. Kitts and Nevis geothermal power...

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million barrels) in June, bringing total...
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From curiosity to career: Trainee Derrickman finds purpose on Stena DrillMAX

Steve Sirkissoon has always been fascinated by the offshore world. Now, as a trainee derrickman aboard the Stena DrillMAX, he's living that dream. “It's a...

The PAA Series: Management Themes (Part 5)

In Management Themes (Part 4), we completed our discussion on exploration and discovery.  Through the provisions of the Petroleum Activities Act 17 of 2023...

Local content policies in oil-producing countries: a comparative look with focus on Suriname

Local content policies are increasingly used by oil-producing nations to ensure that petroleum extraction generates long-term economic benefits for local populations. These policies typically...

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U.S. Senator presents bill to strengthen security cooperation with Guyana amid Venezuela threats

United States Senator Michael Bennet (Democrat, Colorado) has proposed new legislation aimed at enhancing security cooperation with Guyana, deterring Venezuelan aggression. “As Venezuelan dictator Nicolás...

Errea Wittu FPSO arrives in Singapore after successful hull sailaway from China

MODEC announced the successful arrival of the Errea Wittu floating production, storage and offloading vessel (FPSO) in Singapore on...

Exxon committed to building local capacity – Professor Sankat

Professor Clement Sankat, Director of the Guyana Technical Training College Institute (GTTCI), has lauded ExxonMobil’s contribution to the country's...

Five global firms bid to lead geothermal drilling in St. Kitts and Nevis

The Organisation of Eastern Caribbean States (OECS) Commission has opened bids for the production drilling phase of the St....

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million...
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ExxonMobil, Shell lead high-impact exploration over five-year period as NOCs surge in 2024

ExxonMobil and Shell were the most active high-impact oil and gas explorers between 2020 and 2024, according to energy intelligence firm Westwood Global Energy...
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ExxonMobil to appraise 2022 Barreleye discovery 

ExxonMobil is engaged in appraisal drilling operations at the Barreleye-2 well of the Stabroek Block.  The operation started on April...

Guyana-Suriname Basin, Brazil among busiest regions this year for high-impact drill campaigns

High impact exploration drilling is expected to remain stable in 2025, with 65-75 wells targeted for completion, compared to...
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Production surges at Exxon’s Liza 2 and Payara projects

In the final week and a half of April 2025, Guyana’s offshore oil production witnessed an uptick, with both the Liza 2 and Payara...

March oil output averages 627,000 b/d as Guyana closes Q1 with strong production 

Offshore oil production in Guyana averaged 627,000 barrels per day (b/d) in March 2025, a modest dip from February’s...

Guyana’s rate of oil output increased by 5% in February

Guyana’s offshore oil production rate climbed by 5% in February 2025 compared to the previous month, reaching an average...

Petronas, ExxonMobil make third Block 52 discovery offshore Suriname 

Petronas has added to Suriname’s oil bounty with a new discovery in Block 52 at the Fusaea-1 exploration well.  The prospect is located about 170...

Russia strikes black gold off British Antarctic coast, 511 billion barrels worth 

(Yahoo News, May 13, 2024): Russia has found huge oil and gas reserves in British Antarctic territory, potentially leading...

Petrobras replicates Guyana, Suriname success with second discovery at Potiguar Basin

Petrobras has struck oil in a well located in Brazil’s Potiguar Basin, during a campaign it embarked on in...
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Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million barrels) in June, bringing total...

New lawsuit claims that the Government of Guyana’s management of the Natural Resource Fund is unlawful and unconstitutional

A local businessman has filed a lawsuit challenging the Government of Guyana’s (GoG) management of the Natural Resource Fund (the Fund) established under the...

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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation practices and network reliability. Chief...

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