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World Court to hold Guyana-Venezuela border hearings May 4–11

The International Court of Justice (ICJ) will hold public hearings from May 4 to May 11 in the case brought by Guyana over the validity of an 1899 Arbitral Award that determined its border with Venezuela, with proceedings scheduled...

ExxonMobil sees more Guyana projects as Stabroek acreage remains under evaluation

ExxonMobil expects additional offshore developments in Guyana as work continues to assess remaining areas of the Stabroek Block. The update came during the company’s first quarter 2026 earnings call, where Chief Executive Officer Darren Woods addressed questions on future resource...

Chevron says US$2.2B Q1 earnings “solid” despite disruptions

Chevron reported first-quarter earnings of $2.2 billion on Friday, down from $3.5 billion a year earlier, but said performance remained “solid” despite geopolitical disruptions and market volatility. The U.S. oil major posted adjusted earnings of $2.8 billion for the quarter,...

ExxonMobil posts US$4.2B Q1 earnings as Guyana production tops 900,000 b/d, sets new record

Exxon Mobil Corporation reported first-quarter 2026 earnings of US$4.2 billion, or US$1.00 per share, the company said on May 1, 2026, as production growth in Guyana helped offset impacts from Middle East supply disruptions. Earnings excluding identified items were US$4.9...

“The energy industry doesn’t forgive negligence,” PM says Guyana will not trade worker safety for output

Guyana’s Prime Minister Mark Phillips has warned that safety will remain a non-negotiable pillar of the country’s growing energy sector, saying the industry “does not forgive negligence” and the country will not sacrifice worker safety for production gains. He made...

ExxonMobil Guyana seeks suppliers for emergency response equipment management under new RFI

ExxonMobil Guyana Limited (EMGL) is seeking to identify suppliers to support emergency response equipment management for its oil and gas operations offshore Guyana, the company said in a request for information (RFI). The RFI, published on April 29, outlines plans...

Hormuz disruption puts focus on Guyana’s oil as stable supply source – Wood Mackenzie

Disruptions in the Strait of Hormuz are placing renewed focus on Guyana’s oil as a more stable supply source, as global markets respond to reduced tanker traffic and ongoing security risks in the Middle East, according to an April...

TechnipFMC posts US$2.49B Q1 revenue, US$260.5M profit as subsea orders hit US$1.9B

TechnipFMC reported first-quarter 2026 revenue of US$2.49 billion, with net income attributable to the company at US$260.5 million, according to results released today. Earnings per diluted share stood at US$0.64. Adjusted net income was US$260.9 million. Adjusted earnings before interest,...

Local joint venture commissions iNOVaTHERM™ technology recovering over 99% base oil 

Guyana Shore Base Inc. (GYSBI), through its joint venture Sustainable Environmental Solutions (SES), has commissioned the iNOVaTHERM™ system. This waste treatment technology doubles processing capacity and recovers more than 99% of base oil from drilling waste, GYSBI said in...

ExxonMobil targets shallow-water prospect in Stabroek Block with Noble Developer rig

ExxonMobil Guyana has awarded the Noble Developer a one-well contract at a day rate of US$375,000 to drill a prospect in the Stabroek Block offshore Guyana. The contract is scheduled to commence in early 2027. ExxonMobil Guyana said it contracted the...

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Suriname touts low-cost, low-carbon edge as it considers incentives for offshore gas

Suriname is positioning its offshore sector as a low-cost, low-carbon investment opportunity as it considers incentives to attract more...