ExxonMobil Corporation reported second-quarter 2025 earnings of US$7.1 billion, or US$1.64 per diluted share. According to its financial report released this morning, cash flow from operating activities totaled US$11.5 billion, while free cash flow stood at US$5.4 billion.
Shareholder distributions...
Dear Editor,
I am proud that Guyana has once again reached a remarkable milestone with the discovery of new fish species.
This development comes at a time when the country’s oil sector is booming, and it serves as a testament to...
Suriname is set to surpass Guyana in exploration and appraisal drilling activity in 2025, according to Wood Mackenzie in the latest World Oil Regional Report on Guyana and Suriname.
“In 2025, for the first time since the Liza discovery, WoodMac...
Strohm has completed fabrication of the first 13 thermoplastic composite pipe (TCP) jumpers for ExxonMobil’s Yellowtail development offshore Guyana.
The jumpers were produced under Strohm’s Jumper on Demand model, a first for both the region and the client. The approach...
Eight Guyanese nationals have completed the first phase of MODEC Guyana’s 20-month Onshore Trainee Program and are set to begin Phase Two in Singapore, according to a company press release.
The release stated that the program began in February 2025,...
ExxonMobil Guyana’s oil production dipped slightly in June, averaging 664,000 barrels per day (b/d) down from 667,000 barrels in May, even as two of the three producing projects reached near-optimal output levels.
The Stabroek Block, operated by ExxonMobil, yielded a...
Blue Water Suriname has secured the Rig Agency and Logistics & Shore Base Support contract for Noble Corporation’s operations in Block 52.
Block 52 spans 4,749 square kilometres and lies off the coast of Paramaribo.
Noble Developer, a semisubmersible Mobile Offshore...
Trinidad and Tobago plans to make reliable onshore and offshore wind resource data available to investors by 2026, a move intended to attract renewable energy investment and support the country’s green hydrogen ambitions.
Speaking at a workshop for the European...
MODEC has launched a new intake for its Offshore Technical Trainee Program in Guyana. This initiative follows the launch of the company’s onshore training program, which includes eight Guyanese in its first cohort.
MODEC is seeking trainees to take part...
Petronas is preparing to drill Caiman-1 in Suriname’s offshore Block 52, a move that could expand exploration into the shallower section of the 'Golden Lane', according to global energy magazine GEOExPro. The "Golden Lane" in the Guyana-Suriname Basin refers...
