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Guyana gasoline prices now lowest in the region

Guyana recorded the lowest gasoline price in the Caribbean region in July, well below the global average, according to data shared by the Energy Chamber of Trinidad and Tobago last Thursday. The Chamber’s analysis, which drew on figures from globalpetrolprices.com,...

Arbitration outcome disappointing but changes nothing with respect to Guyana operations – Exxon

ExxonMobil Chief Executive Officer Darren Woods has expressed disappointment with the recent arbitration ruling on Chevron’s acquisition of Hess Corporation but emphasized that the decision does not alter its operations in Guyana. “While disappointed, we respect the process and the...

ExxonMobil eyes more merger and acquisition opportunities across all sectors

ExxonMobil is actively pursuing more mergers and acquisitions (M&A) across its business segments, with a sharp focus on value creation rather than volume. “We’re continuing to keep a really close eye on the waterfront, see where the opportunities are, do...

Letter-to-the-Editor: Guyana is seeing a commendable balance between progress and perseverance

Dear Editor,  As a third-year Business Management student at the University of Guyana and an aspiring entrepreneur, I take great pride in witnessing Guyana’s emergence on the global stage, fuelled by the recent oil boom. Being recognised as the fastest-growing...

Platts to launch assessment of Guyana’s Golden Arrowhead crude on Aug. 4

Platts, the pricing benchmark unit of S&P Global Commodity Insights, will start publishing a daily assessment of Guyana’s Golden Arrowhead crude today, providing an independent valuation of the country’s newest oil grade ahead of its expected production start this...

Stabroek Block is oil industry’s biggest find in 15 years – Exxon CEO

ExxonMobil’s Chief Executive Officer, Darren Woods, says the Stabroek Block offshore Guyana is the industry’s biggest oil discovery in the last 15 years and ranks among the most successful developments in deepwater history. “One of our most important advantaged assets...

TotalEnergies sees upside for Suriname oil project as plateau could stretch to 240,000 b/d

TotalEnergies’ upcoming project offshore Suriname may exceed its planned production plateau of 220,000 barrels of oil per day (b/d), with Chairman and CEO Patrick Pouyanné saying the development could potentially handle up to 240,000 b/d. The GranMorgu project, located in...

Hunting Subsea delivers titanium joints for Exxon’s Uaru project

Hunting Subsea Technologies has successfully delivered eight titanium stress joints for ExxonMobil’s massive Uaru oil development offshore Guyana, the company said in a recent statement. The components will be integrated into the Errea Wittu floating production, storage and offloading (FPSO)...

Energy Guyana launches special edition magazine celebrating ’10 Years of Oil in Guyana’

Georgetown, Guyana – Energy Guyana has released a landmark special edition publication titled "Energy Nation: 10 Years of Oil in Guyana", marking a decade since the transformative discovery of oil in the Stabroek Block (Click here to view). The...

Letter-to-the-Editor: Oil and the transformation we cannot ignore

Dear Editor, The term ‘even the blind man can see’ has never been truer. The transformation around us is undeniable. Only recently, the Ogle to Eccles four-lane highway was opened to the public, cutting travel time from the East Bank...

Latest News

Exxon hits 900,000 barrels of oil per day in Guyana as Yellowtail reaches full capacity

ExxonMobil Guyana today announced that the country’s daily oil production has reached a new milestone of 900,000 barrels per...