News

Schlumberger, now called SLB, the world’s largest oilfield services provider and a key contractor for ExxonMobil’s operations in Guyana, has recorded a US$7.5 billion earning in the 2022 third quarter. This represents a 10% growth over the 2022 second...

American oil giant ExxonMobil Corporation posted yet another record-breaking profit with earnings for the third quarter of 2022 totalling US$19.7 billion. In the second quarter, the company recorded US$17.9 billion in earnings, its largest quarterly record ever at that time. This...

The International Court of Justice (ICJ) has announced that it will hold public hearings in the case concerning the Arbitral Award of 3 October 1899 (Guyana v. Venezuela) – the matter concerning the controversy over the Essequibo region –...

ExxonMobil is the latest in over 20 oil and gas companies operating in Guyana to have their five-year Local Content master plans approved by the regulator. Exxon, Saipem Guyana Inc., and Gulf Engineering Services Guyana Limited got their approvals this...

ExxonMobil’s fifth and largest development project in Guyana to date is likely to cost more than US$10 billion due to inflationary pressures. Providing insight on the expected cost for the Uaru development on Wednesday, was Hess Corporation, a 30% stakeholder in the Stabroek Block. During its...

Aker Carbon Capture said that the Just Catch Offshore™, a modularised carbon capture facility for offshore installations, was recently qualified by DNV. DNV is a global assurance provider and classification society for vessels and mobile offshore units. With its leave, Aker...

With two new discoveries announced on Wednesday, 2022 is being referred to as the best exploration year in Guyana for the ExxonMobil-led co-venturers. Exxon has a 45% stake in the 6.6 million acres Stabroek Block, with Hess Corporation holding 30% and...

SBM Offshore recently met with several local catering companies on its procurement process, current contract opportunities and related requirements. According to a post on its Facebook page, the company said this session, at the invitation of the Local Content Secretariat, followed the...

QatarEnergy announced Sunday that it has selected Shell as its second international partner in the North Field South (NFS) expansion project. The project comprises two liquefied natural gas (LNG) mega trains that will have a combined capacity of 16...

As the Ramps Logistics' Local Content spat continues, Guyana's private sector body has come out to condemn recent statements by its Chief Executive Officer (CEO) Shaun Rampersad. He had made the suggestion that dark forces from Guyana's private sector "want...