News

Noble expands backlog to US$7 billion amid lower quarterly earnings

Noble Corporation reported a net loss of US$21 million for the third quarter of 2025, as rig utilization and revenue declined, but the company strengthened its backlog and maintained strong cash generation. This week, President and Chief Executive Officer Robert...

‘We will hunt and kill them’: Hegseth announces strikes that killed 14, eight more than last week’s attack

U.S. War Secretary Pete Hegseth announced today via his X (formerly Twitter) page, that “at the direction of President Trump”, the Department of War carried out three lethal kinetic strikes on four vessels operated by "Designated Terrorist Organizations (DTO)...

ExxonMobil invests 1.5 million training hours to build Guyana’s oil and gas workforce – Routledge 

Since 2022, ExxonMobil has invested 1.5 million hours of training to build the skills of Guyanese men and women working in the country’s oil and gas industry. President of ExxonMobil Guyana, Alistair Routledge, on a recent episode of Starting Point...

U.S Senator: ‘If I was Maduro, I’d head to Russia or China right now’

As the U.S. military buildup intensifies just off Venezuela’s coast, political voices in Washington are growing bolder about President Nicolás Maduro’s fate. One of the strongest came from Florida Senator Rick Scott, who offered a stark warning about what...

ExxonMobil says Guyana operations funded from equity, not U.S. taxpayers’ dollars

ExxonMobil Guyana says no American taxpayer money is financing its operations in the South American country. President, Alistair Routledge, said the company’s offshore work is entirely funded by its own cash reserves. “All of the financing of the business here...

Ammonia and urea plant, gas bottling company, part of plans to expand Guyana’s Gas-to-Energy project

Guyana is planning to construct a US$300 million ammonia and urea plant at Wales on the West Bank of Demerara. Plans are also underway to establish a gas bottling and logistics company, as the country seeks value-added production from...

Guyana seeks to resuscitate the Amaila Falls hydropower project

The Guyana government has reopened the bidding process for the long-delayed Amaila Falls Hydropower Project (AFHP), inviting proposals under a Build-Own-Operate-Transfer (BOOT) model as it moves to advance its clean energy transition. The Office of the Prime Minister said on...

ExxonMobil’s Longtail project to operate for 30 years, producing premium condensate and gas

ExxonMobil’s next proposed development offshore Guyana, the Longtail project, is being designed to operate for three decades, making it the company’s longest-running production venture in the Stabroek Block. During an interview with the Starting Point - The Oil and Gas...

ExxonMobil says LNG remains on the table as it weighs the best use of Guyana’s gas resources

ExxonMobil has reaffirmed that Liquefied Natural Gas (LNG) remains a viable option for developing Guyana’s gas resources, even as the company focuses on projects that deliver greater value to the country. Alistair Routledge, President of ExxonMobil Guyana, stated in a...

MODEC seeks fabrication services for upcoming FPSO projects in Guyana

MODEC Guyana Inc. has issued a Request for Information (RFI) seeking qualified suppliers to provide fabrication services for upcoming floating production, storage and offloading (FPSO) projects offshore Guyana. The company is requesting services to supply and fabricate handrails, monorails, and...

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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...