OIL & GAS

OIL & GAS

Guyana Moves Closer To 1 Million BPD

October 14, 2025 Staff Reporter

In its latest move offshore, ExxonMobil and its consortium partners have pushed Guyanese oil output to 770,000 barrels per day (bpd) following the start-up of its fourth floating production system, according to a report from Baird Maritime. This latest jump in production caps a sharp upward trajectory over recent months. In August, the consortium was […]

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OIL & GAS

Chevron making strides in Guyana-Suriname Basin

October 13, 2025 Staff Reporter

In a significant development for the Guyana-Suriname Basin, Chevron is poised to drill the Korikori-1 exploration well in Block 5, offshore Suriname this month. The announcement comes amid continuing ramp-ups in Chevron’s involvement in Guyana’s petroleum sector after its recent acquisition of Hess Corporation. According to Staatsolie, Suriname’s national oil company, Chevron will begin drilling […]

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OIL & GAS

ExxonMobil, TotalEnergies join push against EU sustainability law

October 10, 2025 Staff Reporter

Two of Guyana’s key oil partners, ExxonMobil and TotalEnergies, are among major global companies pushing back against a new European Union (EU) law that they say threatens business competitiveness and investment. The law, called the Corporate Sustainability Due Diligence Directive (CSDDD), requires large companies to address environmental and human rights issues within their global supply […]

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OIL & GAS

UK Firm Hunting Awarded US$20M Contract to Support Deepwater Drilling Off Guyana

October 10, 2025 Staff Reporter

UK-based energy services company Hunting PLC has begun delivering oil country tubular goods (OCTG) accessories to support deepwater oil drilling in Guyana, under a contract valued at approximately US$20 million. The contract, secured earlier in 2025 through a “global oilfield service company”, is tied to operations in the Stabroek Block, one of Guyana’s largest and […]

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EDUCATION

Berbice now home to first Advanced Oil and Gas Diploma programme

October 10, 2025 Staff Reporter

Berbice now has its own accredited Advanced Diploma in Oil and Gas programme, thanks to the establishment of the Guyana Technical Training College Inc. (GTTCI) at Port Mourant -a major leap in Guyana’s drive to build local capacity for the energy sector. The 18-month course, which officially began on October 6, welcomed its first batch […]

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OIL & GAS

Guyana oil now central to Chevron’s expansion after US$55B Hess takeover

October 9, 2025 Staff Reporter

Chevron’s acquisition of Hess Corporation earlier this year continues to place Guyana at the center of global oil discussions, with the U.S. energy giant now banking heavily on the Stabroek Block to boost its long-term output and profits. The US$55 billion deal, completed in July after Chevron triumphed over ExxonMobil in a lengthy arbitration dispute, […]

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OIL & GAS

Public Works Minister Urges TT Firms to Go Big in Guyana’s Boom

October 9, 2025 Staff Reporter

Trinidad and Tobago’s business community has been given a sharp wake-up call: Guyana is growing fast — and local firms risk being left behind if they don’t act quickly. Minister of Public Works, Hon. Bishop Juan Edghill delivered the message at a Rotary Club of Port of Spain West luncheon on October 1. He painted […]

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OIL & GAS

Parliamentary approval and independent oversight safeguard Guyana’s oil revenues—Minister Bharrat

October 6, 2025 Staff Reporter

Minister of Natural Resources Vickram Bharrat has underscored that Guyana’s oil revenues are insulated from misuse through stringent checks and balances embedded in the Natural Resource Fund (NRF) Act of 2021. He emphasised that no government official can access the fund without parliamentary approval. Appearing on the Starting Point podcast, Bharrat recalled that the previous […]

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OIL & GAS

MODEC awarded contract for ExxonMobil’s Hammerhead FPSO

October 1, 2025 Staff Reporter

MODEC, Inc. has announced that it has been awarded the full Engineering, Procurement, Construction, and Installation (EPCI) scope to develop a Floating Production Storage and Offloading (FPSO) vessel for ExxonMobil Guyana’s Hammerhead Project, following a Final Investment Decision (FID). In April 2025, MODEC received a Limited Notice to Proceed (LNTP), which allowed it to begin […]

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OIL & GAS

Ramotar urges CARICOM to form united front on oil and gas sector

September 30, 2025 Staff Reporter

Former President Donald Ramotar has called on CARICOM governments to use the region’s integration movement as a platform to secure better outcomes from the oil and gas industry. In a letter in another section of the media, Ramotar stressed that CARICOM was established to allow small states to act together and increase their influence internationally. […]

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