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Chevron appoints John Hess to board following US$53 billion merger

Chevron Corporation has appointed John Hess, former chief executive of Hess Corp, to its board of directors, the U.S. oil major said on Tuesday, following the completion of its US$53 billion acquisition of Hess earlier this month. The announcement comes...

Guyana records US$3 billion trade surplus in Q1 2025, driven by oil exports

Guyana posted a trade surplus of US$3.01 billion in the first quarter of 2025, driven by crude oil exports, which continued to dominate the country’s external trade, according to Bank of Guyana data. Exports totaled US$4.66 billion, of which US$4.24...

ExxonMobil Guyana targets procurement improvements to boost supplier engagement 

ExxonMobil Guyana is working to improve procurement processes to ensure broader access and deeper engagement with local suppliers, Socioeconomic Manager Lorna Carlson said Friday at the 2025 Guyana Supplier Forum.  “As the operator, ExxonMobil Guyana Limited is committed to deepening...

Exxon-led group recovers over US$35.9 billion in costs from Guyana oil projects

ExxonMobil and its partners Chevron (formerly Hess) and CNOOC have recovered approximately US$35.9 billion in exploration, development and other costs from oil production in Guyana's offshore Stabroek Block, according to the Bank of Guyana’s latest quarterly report. The figure, which...

Guyana has struck the perfect balance between oil development and environmental protection – Bharrat

Guyana’s rapid rise as an oil-producing nation has not come at the expense of its environmental credentials, Minister of Natural Resources Vickram Bharrat said on the sidelines of the Global Biodiversity Alliance Summit in Georgetown last week.  Speaking on the...

TechnipFMC seeks local companies for offshore services in Guyana

TechnipFMC has issued a Request for Expression of Interest (EOI) for companies to support upcoming offshore projects in Guyana.  Interested suppliers must be registered with the Local Content Secretariat and the Centre for Local Business Development in Guyana, Technip said.  Exxon’s...

Letter-to-the-Editor: Empowering Guyanese youth in the offshore energy sector

Dear Editor, As a recent graduate of the University of Guyana, I've been reflecting on the future that lies ahead for my generation in Guyana. This thought has led me to explore the country’s growing oil and gas sector, particularly...

‘Guyana is not sitting still’ — President outlines aggressive maritime reforms to support oil-led growth

With Guyana’s economy rapidly expanding on the back of its oil and gas sector, President Irfaan Ali has issued a clear signal to investors and regional stakeholders that the South American nation is not waiting to modernize; it’s already...

Energy Chamber Head urges Guyanese youths to embrace long-term opportunities in oil sector 

President of the Guyana Oil and Gas Energy Chamber (GOGEC), Manniram Prashad, has called on Guyanese youth to embrace energy careers as long-term, meaningful pursuits rather than short-term employment opportunities. “We envision a future where young people see careers in...

ExxonMobil seeks core analysis and handling suppliers for Guyana operations

ExxonMobil Guyana Limited (EMGL) is seeking suppliers for a goods and services agreement to provide Core Analysis and Handling Services for its offshore activities. The Request for Information (RFI) outlines the need for routine and special core analysis (RCAL and...

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Oil prices stabilized on Monday, as US allies reject Trump’s call for naval group to open Strait of Hormuz 

Oil prices eased by 1% on Monday as U.S. allies rejected President Donald Trump's repeated calls for help to...