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Oil major ExxonMobil intends to re-establish itself in Libera's offshore industry - a country it quit in 2017.  This renewed interest was surprisingly sparked by Exxon’s success in South America’s newest addition to the oil game - Guyana, according to...

ExxonMobil’s Stabroek Block operations are not only injecting new life into Guyana’s construction, agriculture, and tourism industries, but its mining sector too. According to Atrium Research Corporation (ARC), a trusted provider of analysis for public equities in North America,...

ExxonMobil’s activities in the Arctic are set to dwindle as the oil major shifts its focus to more promising projects elsewhere on the globe.  Exxon said, “Our current investment plans do not include exploration activity within the Arctic Monitoring...

Local Content accounted for 5% of Guyana's economy in 2022, marking a milestone for the country's efforts towards economic diversification and combatting the dreaded Dutch Disease. The Local Content Act of Guyana, which mandates the procurement of goods and...

Guyana is set to make significant strides in its renewable energy sector, thanks to $83.3 million in funding from the Norwegian Agency for Development Cooperation (NORAD) for the Guyana Utility Scale Solar Photovoltaic Program (GUYSOL). The funding is being...

Sustainability is a crucial tenet for SBM Offshore, the builder of the floating production storage and offloading (FPSO) vessels operating in Guyana’s offshore Staborek Block.  In a video published on LinkedIn last week, Chief Executive Officer (CEO) Bruno Chabas recalled...

The first inspection of the Prosperity floating production, storage and offloading (FPSO) vessel by Guyana’s offshore operations unit has been scheduled for May/June 2023, Guyana’s Minister of Public Works, Bishop Juan Edghill said on April 19. The activity is...

Wood Mackenzie predicts a positive outlook for project development with 30 out of the viable 40+ expected to reach final investment decisions (FIDs) in 2023.  But it does not come easy.  WoodMac’s Vice President, Head of Upstream Analysis Frank McKay and...

TechnipFMC has been recognised by oil giant ExxonMobil for its adherence to the strictest safety standards  The subsea specialists Guyana team, serving the Exxon-operated Stabroek Block, copped the ExxonMobil Global Projects President’s Safety, Security, Health and Environment (SSH&E) Award, TechnipFMC...

By Ivelaw Lloyd Griffith The International Court of Justice (ICJ) issued its latest ruling in the ongoing judicial saga between Guyana and Venezuela on April 6, last, during the week when three of the world’s most influential religions—Christianity, Islam, and...