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Guyana’s prolific Stabroek Block continues to churn out successful results for operator ExxonMobil (XOM) and its partners Hess and CNOOC, and by the third quarter  2022, production is expected to ramp up significantly. During the oil major’s first quarter earnings...

With a robust market outlook for the remainder of 2022, TechnipFMC’s subsea opportunities are being led by Guyana, Brazil, and West Africa with massive oil and gas projects set to bring in almost US$20 billion. TechnipFMC’s Chairman and Chief Executive...

United States Ambassador to Guyana, Sarah-Ann Lynch told a recent energy roundtable that the South American country is in a unique position in the race to transition to renewable energy sources, due to its small size and relatively low energy demand. The...

For Espen Erlingsen, Head of Upstream Research at Rystad Energy, the era of trillion-dollar revenues from the oil and gas sector seemed like it had passed a year ago. But new research by the Norway-based energy research and business intelligence...

Guyana’s Gas to Energy project will be a gamechanger for the new oil producer. But on its own, this mega project will not be enough to eliminate blackouts. International Economist, Dr. Justin Ram said it should be paired with...

ExxonMobil Guyana marked the 10th anniversary of its partnership with Volunteer Youth Corps Inc. (VYC) with a GY$20 million contribution to see its Science, Technology, Engineering and Mathematics (STEM) afterschool programme continue in Regions Three and Four. According to Exxon’s local Production Manager,...

The first Tesla car has emerged on Guyana’s shores as one Guyanese businessman, Samuel Chandool, looks to propel the electric car industry. The Tesla Model Y arrived in Guyana at a time when the Energy Agency is looking to install...

Though still in the planning stages, ExxonMobil Guyana has indicated that its Uaru Project in the Stabroek Block is expected to carry similar development and production characteristics as its massive US$10B Yellowtail venture. According to ExxonMobil Guyana in its Environmental Impact...

Stabroek Block co-venturer, Hess, expects to lift some 23 million barrels of oil in the remaining quarters of the year, representing an increase in its initial output for 2022. John Rielly, Hess’ Chief Financial Officer made the disclosure to investors...

Much focus is being placed on Guyana’s oil and gas successes since the year began, but Hess Corporation is not taking its eyes off Suriname’s potential. In fact, during the company’s Q1 earnings call on Wednesday, Chief Operating Officer (COO) Greg...