However, the group emphasized flexibility, stating that the increase could be paused or reversed depending on market conditions.

UK oilfield services provider EnerMech has secured a pre-commissioning contract for the One Guyana floating production ...

The objective of the well was to prove petroleum in Upper Cretaceous limestone rocks in the Tor formation. The well ...

CARICOM denounces Venezuela’s actions near Guyana’s FPSO platforms, calls for immediate withdrawal, and reaffirms support for ...

SHANGHAI, March 4 (Xinhua) -- The world's first floating production storage and offloading (FPSO) vessel with a carbon capture and storage facility was delivered in Shanghai on Monday, according to a ...

FRANCE has condemned the March 1 incursion by a Venezuelan Coast Guard patrol ship into Guyana’s Exclusive Economic Zone (EEZ) near the Stabroek Block oil ...

The FPSO, which was is undergoing integration and commissioning at Seatrium in Singapore, set to arrive in Guyanese waters ...

United States Senator Lisa Murkowski’s recent declaration that “…foreign policy is not for the faint of heart”, could easily ...

Analysts are positive on the prospects of Bumi Armada Bhd, bolstered by its expected growth through new floating production ...

On Friday, 1 March 2025, CARICOM was informed by the President of Guyana, H.E. Mohamed Irfaan Ali, of the interaction of ...