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ExxonMobil Corporation announced its second-quarter 2024 earnings, reporting US$9.24 billion in earnings for the quarter and US$17.5 billion year-to-date, compared to US$19.3 billion in the first half of 2023.  Earnings excluding identified items were US$17.5 billion, down from US$19.5 billion...

A week after noting the Guyana government’s hesitance to give CGX Energy more time to appraise its Wei-1 discovery, Vice President Bharrat Jagdeo elaborated on why.  At a Wednesday press conference, Jagdeo said the company did not give satisfactory answers...

Guyana's Vice President Bharrat Jagdeo says seven hotels are under construction and are expected to open their doors by next year in the South American country. The government expects the expansion in the hospitality sector to employ approximately 3,000...

Hess said its net production in Guyana is expected to drop between the 170,000 to 175,000 barrels per day (b/d) range, its Q2 earnings report said. Hess has a 30% stake in the Stabroek Block, where Exxon produces oil...

Hess Corporation reported a net income of US$757 million, or US$2.46 per share, in the second quarter of 2024. This was a significant uptick from the US$119 million, or US$0.39 per share, reported in the second quarter of 2023.  In...

Japanese shipbuilder MODEC announced on Tuesday that it is seeking companies for fabric maintenance, painting, and cleaning services on the Errea Wittu floating, production, storage and offloading vessel (FPSO), part of ExxonMobil Guyana’s fifth offshore development, Uaru. Contractors will be...

Guyana was added to the list of countries calling for the “transparent” verification of results from the Venezuelan elections, where the incumbent, Nicolas Maduro is said to have emerged victorious.  “Elections are about people exercising their constitutional right to elect...

The government of Guyana signed a US$8.6 million contract with Power China to construct a building to house the National Control Centre of the Gas-to-Energy (GtE) project. At the signing, Prime Minister, Brigadier (Ret’d), Mark Phillips, fulfilling the functions of...

A team from Guyana's Ministry of Labour recently visited the Noble Bob Douglas drillship as part of ongoing efforts to ensure the well-being and rights of workers in the country's oil and gas industry.  The team, including Occupational Safety and...

Subsea7 said offshore pipelay for the Guyana Gas-to-Energy project was delivered 10-days ahead of schedule. “This was our first project in Guyana and involved the fabrication and S-Lay of 119 kilometers of rigid pipeline using Seven Borealis," said Chief Executive...