Featured

Occidental Petroleum has acquired a 10% stake in ExxonMobil’s deepwater exploration block offshore Trinidad and Tobago, according to two Reuters sources familiar with the matter. The block, known as UD(1), was previously wholly owned by ExxonMobil after the U.S. major...

Guyana is seen as a more attractive oil investment destination as Venezuela works through a sovereign debt restructuring process that analysts say could take years to complete, according to an S&P Global analysis published on May 20.  The report examined...

ExxonMobil Guyana has applied to the Environmental Protection Agency (EPA) for environmental authorization for the Haimara project, its proposed ninth development in the Stabroek Block. The project is expected to anchor a gas-focused development in the southeast section of the...

Petrobras has completed the acquisition of a 49.99% stake in Lightsource bp's subsidiaries in Brazil, advancing a strategic partnership focused on onshore renewable energy and energy storage projects in the country. Petrobras to invest US$2.14B in São Paulo by 2030...

A Guyanese rescue swimmer was part of a multinational crew that carried out a medical evacuation offshore Guyana on May 24, following a suspected cardiac emergency aboard a vessel, according to Omni Helicopters Guyana Incorporated. The company said the patient...

ExxonMobil proposed Longtail development will incorporate multiple environmental safeguards aimed at reducing impacts on marine ecosystems, water quality, and coastal resources offshore Guyana, according to the project’s Environmental Impact Assessment (EIA) published by the Environmental Protection Agency (EPA) in...

The National Gas Company of Trinidad and Tobago has completed the renewal of all downstream gas supply contracts with affiliates of Proman, securing natural gas supply for key methanol and ammonia operations on Trinidad’s Point Lisas Industrial Estate. The development...

Guyana’s military carried out separate exercises with the United States and Brazil over the weekend, as the oil producer deepens regional defense cooperation with its partners. The U.S. Embassy in Georgetown said President Irfaan Ali visited the USS Nimitz aircraft...

ExxonMobil expects the planned Longtail development to create up to 1,680 jobs across its phases, according to the project’s Environmental Impact Assessment (EIA) published by Guyana’s Environmental Protection Agency (EPA) in March. The project is tied to Guyana reaching oil...

Venezuelan crude production is helping offset some of the impact of global supply disruptions on the United States, according to Chevron. In a May 6 CNBC interview, Chevron Chief Executive Officer Mike Wirth said the company has been working with...