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Petrobras reported a net profit of US$6.2 billion (R$32.7 billion) in the first quarter of 2026, up 110% from the previous quarter, supported by higher oil prices, stronger production, and increased fuel sales. “The strong financial results achieved are supported...

HOUSTON, TEXAS — ExxonMobil Guyana is evaluating discoveries in offshore waters approaching 3,000 meters deep as the company moves beyond the large oil projects that drove the first phase of development in the Stabroek Block. ExxonMobil Guyana Development Manager Kyle...

HOUSTON, TEXAS — A doctoral scholarship initiative funded through support from the ExxonMobil Foundation and the Greater Guyana Initiative (GGI) helped the University of Guyana strengthen its academic standing and secure international accreditation, outgoing Vice Chancellor Professor Paloma Mohamed...

Brazil’s primary gas supply rose by 12% in 2025, driven by higher domestic production and reduced hydropower generation, the International Energy Agency (IEA) said in its Global Energy Review 2026. The IEA said the gains in Brazil contrasted with mixed...

Guyana warned on Monday that any refusal by Venezuela to comply with an eventual ruling by the International Court of Justice (ICJ) in the decades-old border controversy between the two countries would breach international law, after oral hearings concluded...

HOUSTON, TEXAS — CNOOC’s Vice President, International Developments, Keith Henderson said on May 5 that Guyana’s offshore oil developments now rank among the company’s top-performing assets globally because of the scale of discoveries and the speed at which projects...

HOUSTON, TEXAS — ExxonMobil Guyana President Alistair Routledge said Guyana avoided some of the local content problems experienced in other oil-producing countries because operators, government and the private sector worked together. Routledge made the remarks during a panel discussion at...

Trinidad and Tobago said on Sunday it had contained a small offshore oil spill after neighboring Venezuela accused the Caribbean nation of causing serious environmental damage in shared waters in the Gulf of Paria. “Visual observations confirmed that the dispersant...

Five bidders, including several major international infrastructure and energy companies, have submitted proposals for Guyana’s Amaila Falls Hydropower Project, with bid prices ranging from about US$416 million to US$800 million. According to tender opening documents dated May 8, 2026, the...

HOUSTON, TEXAS — TechnipFMC began recruiting and training Guyanese engineers before securing offshore contracts in the country, a move the company says helped it keep pace with the rapid buildout of Guyana’s oil industry. The company’s Onshore Operations Director,...