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ExxonMobil Guyana has indicated that it is withdrawing from the Kaieteur Block. Additionally, Ratio Petroleum Energy Limited has informed the market that Hess is also withdrawing from the block. “ExxonMobil Guyana has exited the Kaieteur block offshore Guyana, with participating...

Equinor and Ithaca Energy have made the final investment decision to move forward with Phase 1 of the Rosebank development on the UK Continental Shelf (UKCS). The investment for this project will total an impressive US$3.8 billion. The North Sea...

In the wake of a series of recent positive developments in the Trinidad & Tobago energy sector, the Energy Chamber of Trinidad and Tobago (ECTT) is keenly awaiting the upcoming national budget set to be announced on Monday, October...

In a stern response to Venezuela’s latest attempt to bypass the International Court of Justice (ICJ), Guyana’s Permanent Representative to the United Nations, Ambassador Carolyn Rodrigues-Birkett, defended her country's position on the longstanding border controversy between the two nations....

Guyana's Minister of Natural Resources, Vickram Bharrat, and Permanent Secretary, Joslyn McKenzie, have met with Hart Group and BDO Guyana. Spearheaded by David Quinn of Hart Group and Rakesh Latchana of BDO Guyana, the joint venture has been appointed...

KBR announced today that it has been awarded an engineering, procurement and construction management (EPCm) contract by Woodside Energy, as operator for and on behalf of the Pluto Joint Venture.   Woodside has a 90% stake, while Kansai Electric and Tokyo...

By Cristina Caus - OilNOW While delivering the feature address at the La Primavera Banquet Hall in Ontario, Guyana’s President, Irfaan Ali announced the country’s plans to undergo a major transformation to build a “world-class service sector”. Addressing the misconception...

ExxonMobil, Hess and CNOOC, have reached a significant cost recovery milestone as they develop the immensely lucrative Stabroek Block. As of the first half of 2023, the Stabroek Block partners have successfully recovered over US$14 billion in investments. This...

Guyana's government is taking a contemplative approach to future audits of Exxon's costs. Vice President Dr. Bharrat Jagdeo recently revealed that the administration is awaiting conclusions from the 2018-2020 cost audit before deciding on the path forward for subsequent...

Two deserving students, Dianna Persaud and Kavita Singh, have embarked on their higher education dreams at the Massachusetts Maritime Academy, a public university located in Buzzards Bay, Massachusetts. Noble Corporation, a critical drilling company for Exxon’s Guyana operations, has...